5 thoughts on “Tiny hands, bigarse debt

  1. Just how conflicted are these conflicts of interest? From the article…

    Trump has an enormous conflict of interest on his hands with Deutsche Bank. As Trump himself noted in his 2008 lawsuit against the bank, Deutsche played a prominent role in the run-up to the 2008 financial crisis. The Obama administration has targeted Deutsche Bank and other banks for creating and repackaging bad mortgage products, and earlier this fall the Justice Department announced it was seeking to settle claims against the bank for about $14 billion. That was much more than Deutsche Bank was expecting to pay, and the news sent the bank into a tailspin. Its stock price plummeted amid speculation that it could not remain afloat if the Justice Department pressed the bank for such a big settlement.

    Negotiations between the bank and the Justice Department over the size of the settlement are underway. But if they are not resolved by January 20, Trump's administration will be in charge of handling this case. So a federal government run by Trump will have to decide how hard to push the bank that Trump owes so much to and that has been critical to Trump's personal fortunes.

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