HSBC To Pay $1.9 Billion To Resolve Allegations The Bank Ignored Possible Money Laund

TruthOut10

Active Member
Dec 3, 2012
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(frankieleon)
Remember earlier this year when a Senate investigation found that HSBC had effectively turned its head while customers laundered billions of dollars for drug cartels and other illegal entities? Well, it looks like the bank will be hit with a record-setting settlement of $1.9 billion over the mess.
Citing those always dependable “people familiar with the matter,” the Wall Street Journal reports that the government could announce the settlement as early as Tuesday.
The reported $1.3 billion forfeiture would be the highest ever paid by a bank as part of a deferred-prosecution agreement, claim the Journal’s sources. The cherry on top is the $650 million civil penalty.

Report: HSBC To Pay $1.9 Billion To Wash Away Money-Laundering Claims
 
We gave the feds all this power. RICO Act...Patriot Act....for this impotent bullshit?

This was organized crime. That money did not launder itself. The government would not get a penny in fines if they did not have a mountain of evidence against the criminal bankers.

And yet they are choosing not to jail anyone. Not so much as a teller.

I guess the feds have forgotten how to break up a Mob. You arrest the small fish, they rat on the bigger fish, and so on up the food chain until you got the big boss. You DO NOT let them walk away with the cash they were given by murderers to launder their money.


If the federal government is so totally owned by the crooks on Wall Street as they obviously are, then perhaps it is time for the People to start hanging the crooks from lampposts ourselves.

Maybe if there are any honest people left in federal law enforcement, one of them could "accidentally" leak the names of the criminal bankers onto the internet.

We'll take it from there...

.
 
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