Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Trump Banking Scandal EXPOSED
Posted
January 13, 2018
Views
401,949
Likes
6,790
Comments
1,395
Engagement
2.04%
January 13, 2018
401,949
6,790
1,395
2.04%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
8:36Now PlayingTrump just helped out Deutsche Bank A LOT. Cenk Uygur, the host of The Young Turks, breaks it down. Tell us what you think in the comment section below.
Read more here
“The Trump administration has waived part of the punishment for five megabanks whose affiliates were convicted and fined for manipulating global interest rates. One of the Trump administration waivers was granted to Deutsche Bank — which is owed at least $130 million by President Donald Trump and his business empire, and has also been fined for its role in a Russian money laundering scheme.
The waivers were issued in a little-noticed announcement published in the Federal Register during the Christmas holiday week. They come less than two years after then-candidate Trump promised “I'm not going to let Wall Street get away with murder.”
Under laws designed to protect retirement savings, financial firms whose affiliates have been convicted of violating securities statutes are effectively barred from the lucrative business of managing those savings. However, that punishment can be avoided if the firms manage to secure a special exemption from the U.S. Department of Labor, allowing them to keep their status as “qualified professional asset managers.”
In late 2016, the Obama administration extended temporary one-year waivers to five banks — Citigroup, JPMorgan, Barclays, UBS and Deutsche Bank. Late last month, the Trump administration issued new, longer waivers for those same banks, granting Citigroup, JPMorgan, and Barclays five-year exemptions. UBS and Deutsche Bank received three-year exemptions.”
Hosts: Cenk Uygur
Cast: Cenk Uygur
***
The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 68pm ET.
Subscribe to The Young Turks on YouTube
Like The Young Turks on Facebook
Follow The Young Turks on Twitter
Buy TYT Merch
Download audio and video of the full two hour show ondemand + the membersonly post game show by becoming a member at Your membership supports the day to day operations and is vital for our continued success and growth.
Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
