Planet Money describes a bank that the government setup to track dealers.
I’m going to suggest another, non-exclusive motive. It comes from living in NYC with Trump’s showboating since the late 1970s. We NYers have followed Trump’s trainwreck career for decades. He’s such a media hound that it was impossible not to. I even interviewed for an IT job at Trump Organization in the early 90s and met him briefly in the elevator on the way out. He wore way too much cologne.
Trump will be tough for Mueller to nail on conspiracy because he never has his fingerprints on any of the shady stuff. He has others do the jobs for him while he pleads ignorance. Trump is like a mafia godfather insofar as he has capos and soldiers do his dirty work and report back while he keeps clean hands. That was the role of sleazeballs like Michael Cohen and Felix Sater. They’re the ones who are exposed. It explains why Mueller has leaned so heavily on Cohen, Stone, Manafort, et al. But they’re just the latest in a line of such “fixers”.
During the Trump Tower-to-early Atlantic City days it was John Cody and Daniel Sullivan (Google them), both with strong connections to the Genovese and Gambino crime families through the construction unions. As those old mafia families were dismantled by DOJ, Trump cozied up to the growing Russian mob in NYC. Cohen and Sater were perfectly placed for that through the old El Caribe club, the US headquarters for Simion Mogilevich, the boss of all Russian bosses. Cohen’s family owned that club.
Trump is hysterical because Mueller, and by extension the NY AG, Tish James, have an all-access pass to Trump’s past — 35 years of questionable business dealings, curious partnerships and cash and potential illegal activities that have already cost Trump tens of millions in fines. Most of it is protected by the statute of limitations but a lot of it isn’t, fraud being the main one. Fraud includes money laundering: years and billions in illicit Russian cash flowing through Trump, his company and his holdings. I believe this is where Trump is most vulnerable. For that matter, so does Steve Bannon, who said as much. I also believe that’s why he won’t release his tax returns.
If Mueller can build a case of long-term, organized fraud, guess what? He has a RICO predicate. The evidence doesn’t even have to point at Trump directly… not anymore than it did Fat Tony Salerno of the Genovese family, Tony Ducks Corallo of the Lucchese family and Carmine Persico of the Colombo family, all of whom got in excess of a hundred years each. It just has to show that he profited from it, controlled it and had some knowledge of it.
Trump’s lapdog DOJ director won’t sign off on the RICO predicate? Doesn’t matter. NY state has its own RICO laws that are just as draconian.
IOW, I think Trump is less worried about Russian “collusion”, where he believes he’s provided plenty of denial room for himself, than he is a RICO case targeting Trump Org.
I also think it’s very possible that there was no actual collusion on Trump’s part to influence the 2016 election. It could well be that Putin decided unilaterally to get Trump elected because it was in his best interests and the interests of his oligarch friends to have Trump in the White House to protect the gravy train. It’s curious that Felix Sater’s name never comes up in the course of Mueller’s investigation. He would be the logical point man for any organized money laundering with Russia and the mob. Perhaps he was the first to willingly flip? Another felony conviction would be Strike Three for him and a very long prison sentence. He’s already flipped to the government once before so it’s definitely in his genes.
The EU list includes Saudi Arabia and Panama, but it also U.S. territories such as the U.S. Virgin Islands and Puerto Rico, placing them alongside the likes of Iran, Syria and North Korea.
Banks in the EU will be required to use increased due diligence on financial operations involving customers and financial institutions from the blacklisted countries... The U.S. Treasury Department said it “has significant concerns about the substance of the list,” saying its development was flawed. It said it didn’t expect U.S financial institutions to take the European Commission’s list into account as they carry out anti-money-laundering compliance.
.. The U.S. Treasury said the European Commission didn’t include sufficiently in-depth reviews, only gave affected jurisdictions a cursory basis for the determination, told the jurisdictions they were going to be included only days before the announcement and didn’t give them meaningful opportunity to challenge their inclusion.
.. Policy makers on both sides of the Atlantic need to acknowledge that nobody is doing enough to combat money laundering, said Clark Gascoigne, the deputy director of the Financial Accountability and Corporate Transparency Coalition, a consortium of research and advocacy groups.
On his recent visit to Europe, he managed to convey once again his contempt for America’s European allies, and to demonstrate that he places more value on his own personal comfort than on the sacrifices that US soldiers have made in the past.
The trip itself cost millions of taxpayer dollars, yet Trump chose to skip a key ceremony honoring US war dead at Aisne-Marne American Cemetery because it was raining.
The White House offered up a cloud of unconvincing excuses for Trump’s absence, but other world leaders were not deterred by the fear of a few raindrops, and neither were past presidents Obama, Clinton, Bush, or Kennedy back in their day.
By choosing to stay warm and dry in his hotel room while other world leaders acknowledged the heroism of those who fought and died for freedom, Trump gave the concept of “American exceptionalism” a whole new meaning.And then, instead of marching with other European leaders at a ceremony marking the end of World War I, Trump showed up lateand on his own and even missed the symbolic tolling of a bell marking the 100th anniversary of the 1918 armistice. (In a revealing coincidence, Vladimir Putin arrived on his own as well.)
Overall, Trump seemed intent on proving that while the obligations of being president might force him to go on such trips, he doesn’t have to behave himself while he’s there.
For example, Trump is correct to accuse China of engaging in a variety of predatory trade practices and of failing to live up to its World Trade Organization commitments. He is also right when he complains that Europe has neglected its own defenses and relies too much on American protection (though he still seems to think NATO is a club with membership dues)..
He is hardly the first US official to criticize European defense preparations but being unoriginal doesn’t make it wrong.
Trump is also correct in his belief that Europe, Russia, and the United States would be better off if the divisions that presently divide them could be bridged or at least alleviated.
It would be better for Europe if Russia withdrew from Ukraine, stopped trying to intimidate the Baltic states, and stopped murdering former spies in foreign countries.
It would be good for Russia if Western sanctions were lifted and it no longer had to worry about open-ended NATO expansion. And it would be good for the United States if Russia could be pulled away from its increasingly close partnership with China.
For that matter, Trump wasn’t wrong to see North Korea’s nuclear and long-range missile programs as a serious problem that called for creative diplomacy.
The real problem is that Trump has no idea what to do about any of these issues, and he seems incapable of formulating a coherent approach to any of them. To the extent that he does have an actual policy toward Europe, for example, it is the exact opposite of what the United States ought to be doing.
Trump’s broad approach to Europe is one of “divide and rule.” He’s called the European Union a “foe” of the United States, and he has backed a number of the political forces that are now roiling the Continent and threatening the EU’s long-term future.
He endorsed Brexit, expressed his support for Marine Le Pen in France, and thinks well of illiberal leaders like Viktor Orban of Hungary and Andrzej Duda of Poland. Why? Because he thinks dividing Europe into contending national states will allow the larger and more powerful United States to bargain with each European state separately rather than face all of them together, and thus secure better deals for itself.
This approach might be termed “Neanderthal realism.” Playing “divide and rule” is a good idea when dealing with real enemies, but it makes no sense to sow division among countries with whom one has generally friendly relations and close economic ties, and when their collective support might be needed in other contexts.
This approach also runs counter to Trump’s stated desire to reduce US security commitments to Europe and to get Europe to take on greater responsibility for its own defense.
If you really want the United States to get out of the business of protecting Europe, you should also want Europe to be tranquil, capable, prosperous, and united after the United States withdraws. Why? So that Washington doesn’t have to worry about developments there and can focus its attention on other regions, such as Asia.
A Europe roiled by xenophobia, resurgent hyper-nationalism, and persistent internal wrangling wouldn’t be to America’s advantage; it would be just another problem area we’d have to keep an eye on.
Nor would a divided Europe be of much use in addressing any of the other problems on America’s foreign-policy agenda.
Why doesn’t Trump see this? Possibly because he is reflexively relying on the same tactics that brought him to the White House.Trump’s political success in the United States rests on his skill at picking fights with others, whether it is rival Republican candidates, Democrats of all kinds, the media, Meryl Streep, Jeff Bezos, or anybody else who disagrees with him. His goal is either to bully opponents into backing down or use the spat to rev up his base.It has worked tolerably well here in the United States, because a lot of Americans are still angry or fearful and Trump is both shameless and adept at fueling those emotions. This same instinct leads him to behave abominably abroad: Insulting British Prime Minister Theresa May and London Mayor Sadiq Khan, deriding Prime Minister Justin Trudeau of Canada as “Very dishonest & weak” or derisively tossing Starburst candies to German Chancellor Angela Merkel during a meeting of G-7 leaders.
.. The problem, of course, is that the boorish behavior and conflict-stoking policies tend to backfire on the world stage.
.. Trump’s bullying bluster didn’t win big trade concessions from Canada, Mexico, or South Korea; the shiny “new” trade deals Trump negotiated with them were nearly identical to the old arrangements and in some ways inferior to them.
And given how Trump has treated America’s allies, why would May, Merkel, Macron, Abe, or Trudeau do him (or the United States) any favors? The declining US image abroad compounds this problem, as foreign leaders know their own popularity will suffer if they help Trump in any way.
.. Trump’s personal conduct is not even the biggest problem. Arguably, an even bigger issue is the strategic incoherence of his entire transactional approach. His overarching objective is to try to screw the best possible deal out of every interaction, but this approach instead makes it more difficult for the United States to achieve its most important foreign-policy goals.
.. Threatening trade wars with allies in Europe or Canada makes little sense from a purely economic perspective, for example, and it has made it harder for the United States to address the more serious challenge of China’s trade policies.
If Trump were as worried about China’s trade infractions as he claims to be, he would have lined up Europe, Japan, and other major economic actors and confronted China with a united front. Similarly, pulling out of the Iran nuclear deal and threatening allies with secondary sanctions not only raises doubts about America’s judgment (because the deal was working, and the Europeans know it); it just fuels further resentment at America’s shortsighted bullying.
.. It is increasingly clear that Trump was never the brilliant businessman he claimed to be; he got most of his wealth from his father using various shady tax dodges, and the Trump Organization may have been heavily dependent on illegal activities like money laundering.
.. We should focus less on his personal antics and inadequacies and focus more on his inability to formulate effective policies, even on issues where his instincts are in fact mostly correct.
.. Sadly, the 45th US president possesses a world-class ability to get things wrong, even when he’s right.