Stocks n Drugs n FaceBook - USA v. Susser et al

[allisonW]

HSBC’s drugs money laundering settlement a mockery of justice, says Warren
more disparity

Senator Elizabeth Warren (Democrat-Massachusetts), has once again revealed the dangerous double standards at the heart of the US justice system. Appearing at the Senate Banking Committee, the former Harvard law professor questioned officials from the US Treasury Department and US Federal Reserve over why criminal charges were not pressed on HSBC or any HSBC official who helped to launder hundreds of millions of dollars for Mexican drug cartels. But just like the last time, she was met with wholly inadequate responses. The impression one got from the Treasury and Fed officials was that some banks are not just ‘too big to fail’, they are also ‘too big to prosecute’, and ‘too big to jail’.
The HSBC scandal prompted the United States Treasury and Justice departments to fine HSBC a record $1.92 billion after finding that the London headquartered bank repeatedly helped the world’s most violent drug gangs to launder at least $881 million in ill-gotten gains and to channel money from numerous countries against which the the U.S. has economic sanctions.

here is were you can read more http://www.ianfraser.org/hsbcs-drugs-money-laundering-settlement-a-mockery-of-justice-says-sen-warren/