Tuesday, December 13, 2016

I owe, I owe

As of January 20, the new Debtor in Chief will occupy the most powerful office in the world.  He also owes more than $700 million to various and sundry creditors around the world.  To take just one example, Trump presently owes Deutsche Bank more than 300 million and will soon hold the fate of the bank in his tiny hands.  The DOJ is in negotiations with the bank regarding a $14 billion dollar fine for its part in the global economic meltdown in 2008.  If the case is not settled by January 20, Trump's administration will be in charge of the ongoing case.  The question is who has more leverage;  Deutsche Bank knows plenty about The Donald's business which could be leaked to the media, but Trump has the threat of a possible business killing fine at his disposal.  It sounds like a poster child for conflict of interest.  How many more of these types of cases  will come up in the next four years.  Stay tuned.

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