Trump Presidency Could Be Worth $14 Billion to His Troubled Lender
"Donald
Trump’s election has likely given a massive lifeline to Deutsche Bank,
the German financial firm that has been rocked recently by rumors that
they would have to pay a $14 billion fine to the Justice Department over
crisis-related mortgage abuses.
That money is unlikely to ever
be imposed, now that one of Deutsche Bank’s biggest borrowers – Trump –
will soon be sitting in the White House.
That conflict of
interest is one of the innumerable ones facing Trump as he leaves his
life of grifting behind and becomes the nation’s chief executive. While
the Justice Department is nominally independent of the White House, I
had to stop writing this sentence because of constant laughing. Trump
could easily move to protect his personal investments by aiding his
business partner Deutsche Bank."
