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Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.

 
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12/14/2012 02:14 AM
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Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.
It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. They also have not charged any top HSBC banker in the case, though it boggles the mind that a bank could launder money as HSBC did without anyone in a position of authority making culpable decisions.

Clearly, the government has bought into the notion that too big to fail is too big to jail. When prosecutors choose not to prosecute to the full extent of the law in a case as egregious as this, the law itself is diminished. The deterrence that comes from the threat of criminal prosecution is weakened, if not lost.


Link: [link to www.nytimes.com]
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12/14/2012 03:37 AM
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Re: Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.
Meanwhile they prosecute those they fell prey to the evil drugs they helped make available. No jail for these fucks, how about a class action lawsuit? There has to be a law firm out there big and fearless enough to do it. Think of all the money you will make.
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12/14/2012 04:02 AM
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Re: Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.
Ron Paul: The Federal Reserve is the Biggest Counterfeit Machine in the History of the World 

[link to www.ronpaul.com]
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12/15/2012 01:48 PM
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Re: Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.
Nobody on this board gives a shit
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12/15/2012 01:51 PM
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Re: Now that "too big to fail" is ok.... We now have "too big to indict".......So mad after reading this article.
HSBC also understood the subtleties of – and were, apparently, fully invested in – money laundering for drug kingpins and terror cells, while ignoring U.S. sanctions established against rogue nations. HSBC’s US unit managed to position the brand in this way by accepting $7 billion of dollars from Mexican drug cartels, conducting 25,000 Iranian transactions totaling over $19 billion in just one week, and helping Saudi banks with terror financing for groups like al-Qaeda. All of which, if you hadn’t already surmised, is patently illegal.

[link to www.forbes.com]

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