This Veterans' Day...Wounded Vets Sue Wall Street.

[georgephillip]

What do major banks, Mexican drug cartels, Iran, Libya, Sudan and Burma have to fear from wounded US vets and families of soldiers killed in Iraq?

"In 2012, HSBC entered into a deferred prosecution agreement with US regulators for violating “federal laws by laundering money from Mexican drug trafficking and processing banned transactions on behalf of Iran, Libya, Sudan and Burma,” USA Today reported.

"The bank ended up paying $1.9 billion to make the charges go away: It was just one of 'several deals US authorities… reached with other banks over similar allegations' in recent years.

"The settlement represented less than ten percent of the bank’s pre-tax profits that year, according to its annual report.

"But on Monday, a new wrinkle was added when HSBC Group was one of five major banks named in a lawsuit filed in a New York court by wounded US vets — and families of soldiers killed in Iraq — under the novel theory that the financial institutions indirectly helped fund attacks on US troops by Shi’ite militia groups loyal to Iran.

Alison Frankel reports for Reuters:

Would it be a bad thing if the War on Terror came to Wall Street?

Wounded Vets Sue Wall Street Over Iraq Attacks BillMoyers.com

 

[September]

Personally, I've got massive respect for the Mexican cartels.

​

 

[Moonglow]

Personally, I've got massive respect for the Mexican cartels.

​

The drugs or the dicks?

 

[Moonglow]

What do major banks, Mexican drug cartels, Iran, Libya, Sudan and Burma have to fear from wounded US vets and families of soldiers killed in Iraq?

"In 2012, HSBC entered into a deferred prosecution agreement with US regulators for violating “federal laws by laundering money from Mexican drug trafficking and processing banned transactions on behalf of Iran, Libya, Sudan and Burma,” USA Today reported.

"The bank ended up paying $1.9 billion to make the charges go away: It was just one of 'several deals US authorities… reached with other banks over similar allegations' in recent years.

"The settlement represented less than ten percent of the bank’s pre-tax profits that year, according to its annual report.

"But on Monday, a new wrinkle was added when HSBC Group was one of five major banks named in a lawsuit filed in a New York court by wounded US vets — and families of soldiers killed in Iraq — under the novel theory that the financial institutions indirectly helped fund attacks on US troops by Shi’ite militia groups loyal to Iran.

Alison Frankel reports for Reuters:

Would it be a bad thing if the War on Terror came to Wall Street?

Wounded Vets Sue Wall Street Over Iraq Attacks BillMoyers.com

Killer diller.......

 

[Moonglow]

It's about time the bastards that fund drug money and illegal arms traders should be hit where it hurts the most, doing business in the USA....

 

[georgephillip]

It's about time the bastards that fund drug money and illegal arms traders should be hit where it hurts the most, doing business in the USA....

Maybe we need a Death Tax on War?

 

[georgephillip]

Personally, I've got massive respect for the Mexican cartels.

​

Because of their tireless commitment to higher education?
"'Enough, I'm tired,' Mexico's top prosecutor said, cutting off reporters' questions.

Attorney General Jesús Murillo Karam had just revealed that authorities believe 43 missing students were kidnapped, executed and dumped in a river -- and he was ready to call it a day.

"His words spread like wildfire through an outraged nation.

"Mounting fury over government officials' response to -- and possible role in -- the students' disappearance has convulsed the country for weeks, posing a mounting challenge to Mexico's president amid demonstrations where at time violence has flared.

"It's one of the most serious cases in the contemporary history of Mexico and Latin America, Human Rights Watch Americas Director José Miguel Vivanco told Mexico's El Economista newspaper. He compared it to a massacre of students during a Mexico City demonstration in 1968."

Historic protests convulse Mexico - CNN.com

 

[Moonglow]

The Cartel lives off of the dollar....what does that tell you of US involvement?

 

[georgephillip]

What do major banks, Mexican drug cartels, Iran, Libya, Sudan and Burma have to fear from wounded US vets and families of soldiers killed in Iraq?

"In 2012, HSBC entered into a deferred prosecution agreement with US regulators for violating “federal laws by laundering money from Mexican drug trafficking and processing banned transactions on behalf of Iran, Libya, Sudan and Burma,” USA Today reported.

"The bank ended up paying $1.9 billion to make the charges go away: It was just one of 'several deals US authorities… reached with other banks over similar allegations' in recent years.

"The settlement represented less than ten percent of the bank’s pre-tax profits that year, according to its annual report.

"But on Monday, a new wrinkle was added when HSBC Group was one of five major banks named in a lawsuit filed in a New York court by wounded US vets — and families of soldiers killed in Iraq — under the novel theory that the financial institutions indirectly helped fund attacks on US troops by Shi’ite militia groups loyal to Iran.

Alison Frankel reports for Reuters:

Would it be a bad thing if the War on Terror came to Wall Street?

Wounded Vets Sue Wall Street Over Iraq Attacks BillMoyers.com

Killer diller.......

"The lawsuit filed in US District Court in Brooklyn, New York, named Barclays Plc, Credit Suisse Group AG, HSBC Holdings Plc, Standard Chartered and Royal Bank of Scotland Group Plc.

"The banks did not immediately respond to requests for comment.

"The lawsuit was brought under the U.S. Anti-Terrorism Act, a 1992 law that permits victims to bring private suits against alleged financiers of militant operations.

Brought on behalf of more than 200 veterans and family members, the lawsuit alleges the banks conspired with Iranian banks to mask wire transactions in order to evade U.S. sanctions."

Imagine. Private law suits against the private bankers who profit from war; now that's a war on terror worth fighting in.

Wounded Vets Sue Wall Street Over Iraq Attacks BillMoyers.com

 

[georgephillip]

The Cartel lives off of the dollar....what does that tell you of US involvement?

It tells me Wall Street and their elected puppets is where the bullet meets the bone in the war on terror.
"The Sinaloa Cartel, headquartered on Mexico's northern Pacific Coast, is constantly exploring new ways to launder its gargantuan profits.

"The State Department reports that Mexican trafficking organizations earn between $19 and $29 billion every year from selling marijuana, cocaine, heroin and methamphetamines on the streets of American cities.

"And Sinaloa is reportedly the richest, most powerful of them all, according to the Drug Enforcement Administration. The capture last month of the Mexican druglord Joaquin 'Chapo' Guzman has cast a spotlight on the smuggling empire he built.

"One key to the Sinaloa Cartel's success has been to use the global banking system to launder all this cash.

"'It's very important for them to get that money into the banking system and do so with as little scrutiny as possible,' says Jim Hayes, special agent in charge of Homeland Security Investigations for the New York office of Immigration and Customs Enforcement, or ICE. He was lead agent..."

Awash In Cash Drug Cartels Rely On Big Banks To Launder Profits Parallels NPR