No criminal charges were filed against the good folks over at HSBC, after UK officials, led by G. Osborne, Chancellor of the Exchequer, sent a letter to Dr. Benjamin Bernanke, requesting that enforcement against the British bank be suspended, indefinitely.
In the letter, Osborn warned that such a charge of money laundering against HSBC would imperil the world and they’d have “very serious implications for financial and economic stability, particularly in Europe and Asia”.
A mouth piece for our Justice Department said they weighed a series of meaningless things, when deciding to let the criminals at HSBC walk away, scot-free, including, but not exclusive to, ‘adverse consequences for innocent third parties, such as employees, customers, investors, pension holders and the public’.
In a Congressional report released today, it accused former US attorney general, Eric Holder, of lying to congress about the DOJ decision to let these horrible criminals be let off the hook. Holder declined to press charges due to HSBC’s ‘systematic importance’ to financial markets. Indeud.
“Rather than lacking adequate evidence to prove HSBC’s criminal conduct, internal Treasury documents show that DOJ [Department of Justice] leadership declined to pursue [the] recommendation to prosecute HSBC because senior DOJ leaders were concerned that prosecuting the bank ‘could result in a global financial disaster’,” the report said.
The 2012 settlement with HSBC detailed how the bank violated US sanctions by conducting business for customers in Iran, Libya, Sudan, Burma and Cuba. HSBC accounts were also used by the Sinaloa drug cartel in Mexico and Norte del Valle cartel in Colombia to launder $881m.
HSBC was fined $1.92b for their sins and all of the execs were given blow jobs by interns at the DOJ.
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Too big to jail, too big to fail is back (was it ever gone?) with a vengeance !
Meanwhile, Joe Blow gets 3 yrs in ass raping prison for writing off his office furniture, which was ACTUALLY HIS LIVING ROOM COUCH!
to be fair, “too big to jail” is old news (“2012 settlement with HSBC”)
I want some of that sweet, sweet systematic importance.
Throw some suits in jail. HSBC can replace them.
I have no hope for humanity.
“Too big to Jail”
The DOJ doesn’t tell banks what to do, or enforce the laws with respect to them. the big banks tell the DOJ what to do. It’s called the Deep State.
The Deep State: The Fall of the Constitution and the Rise of a Shadow Government by Mike Lofgren published January 5, 2016
https://www.amazon.com/Deep-State-Constitution-Shadow-Government/dp/0525428348/ref=sr_1_1?ie=UTF8&qid=1468357076&sr=8-1&keywords=The+Deep+State
The American Deep State: Wall Street, Big Oil, and the Attack on U.S. Democracy (War and Peace Library) published Oct 30, 2014 by Peter Dale Scott
https://www.amazon.com/American-Deep-State-Democracy-Library/dp/1442214244/ref=sr_1_2?ie=UTF8&qid=1468357113&sr=8-2&keywords=The+Deep+State
and Hillary gets her cues from the Big Banks…