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Too Big to Jail: Big Banks Can Finance Terrorists and Walk Away Scot-Free

By: capt_nemo in WRGO | Recommend this post (0)
Thu, 13 Dec 12 11:23 AM | 174 view(s)
Boardmark this board | Reality news,,,,,,,,
Msg. 02085 of 18626
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By Lynn Stuart Parramore

HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system. TheTimes quotes anonymous government sources who confessed fears about bringing formal charges because doing so would be a “death sentence” for the bank. So they let it off the hook.

That’s right, HSBC is officially above the law. Too-big-to-fail has become too-big-to-prosecute.

More,,,,,,,,,,,,,,,,, this is a good one,,,,,,,,,

http://www.alternet.org/economy/too-big-jail-big-banks-can-finance-terrorists-and-walk-away-scott-free




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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