Is it safe to say that we're not yet ready to kiss and make up with the banks whose reckless behavior led to the 2008 financial crisis? A little contrition would go a long way to helping us forgive and forget. That's not happening, at least not with Deutsche Bank, the preferred bank of Donald Trump and Jeffrey Epstein.
Deutsche Bank lent money to rogue states that funded terrorist activities that hurt U.S. soldiers. They laundered money for Russian oligarchs, sold securities they knew were bad, gave out multimillion-dollar bonuses, and fired whistleblowers who tried to tell. They lent money to Donald Trump, despite his repeated defaults on his loans, and Jeffrey Epstein long after he was shunned for molesting young girls.
You may wonder how this could happen. Basically, a massive lack of accountability on behalf of the Central Bank, the Federal Reserve, shareholders, board members, and the federal government. That's a lot of people.
No wonder Elizabeth Warren threatened to take on the big banks.
- David Enrich - Business investigations editor at The New York Times and the author of Dark Towers: Deutsche Bank, Donald Trump, and An Epic Trail of Destruction
Colin McEnroe and Cat Pastor contributed to this show.