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Spitzer: This Department of Justice a failure, top to bottom. Eric Holder, failure [VIDEO]
12/14/2012
Jeff Poor
Current TV Viewpoint host and former New York Governor Eliot Spitzer said the Justice Departments $1.9 billion settlement with global banking giant HBSC was little more than a slap on the wrist.
Talk about another cave, HSBC little tiny slap on the wrist, Spitzer said, in a preview segment for his show during Cenk Uygurs The Young Turks on Thursday. Go give money to drug lords thats what the banks are being told over and over. Shameful, absolutely outrageous what [Attorney General] Eric Holder has done here. I cant believe it.
The Justice Department reached the settlement earlier this week, after a government report found HBSC responsible for exposing the U.S. financial system to a wide array of money laundering, drug trafficking and terrorist financing.
Spitzer said this settlement sent the wrong message to the banking community.
Heres what you do if youre HBSC: You go down to the drug countries and you say, Were open for business, because we make a lot of money doing this and then if they catch us, we only give a little bit of it back to the government and maybe a little bit of our bonuses, but maybe not, and that is what Eric Holder is saying, Spitzer continued.
But, if they catch on you on the street with a little reefer in your pocket the [government is] still going to send you to jail, Spitzer said. Hypocrisy it is grotesque. Its outrageous.
Read more:
Spitzer: 'This Department of Justice --- a failure, top to bottom. Eric Holder, failure' | The Daily Caller