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The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.
The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.
People are persons, and corporations are persons. Corporations are made up of a corporate charter, that is all they are. What are you going to do, put the charter in prison?
Corporations "people"? Nope, corporations are paper, my friend!!
Too Big to Jail: Our Banking System's Latest Disgrace | New Republic
Excerpt: ** "Some perspective: HSBC sent more than $800 million in bulk cash from Mexico to the United States, a good chunk of which apparently represented proceeds from some of the most notorious Colombian drug cartels." ** "Why no criminal charges? Why instead only some remedial measures and a "historical" fine that can be measured in weeks -- not years -- of earnings? It certainly wasn’t for lack of evidence. No, instead the government determined that HSBC is not only too big to fail, but also too big to jail. As the New York Times first reported [link], even though there were strong voices within DOJ pushing for criminal charges, the big banks' best friends within the government (the Treasury Department, of course, and other unnamed regulators) were too fearful that an indictment could destabilize the global financial system".
Yep, the global financial system is now hostage to the banks, thanks to hands-off-the-job-creators deregulation of three decades - the idea being that the market is "self-regulating" for the benefit of all. Right...
This is where I am by far the most dissapointed in an Obama administration. I figured for all the things he did that I would not like that he would actually go after the banks.
I sure was mistaken. They have profited handsomely off the backs of the taxpayers the last 4 years.
Those who wish to profit off of criminal enterprises have always known that a little kickback was well worth it to keep the law off their backs.
The deal was announced quietly, just before the holidays, almost like the government was hoping people were too busy hanging stockings by the fireplace to notice. Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses.
And listen to anyone in the the Obama Administration and they are going after the banks for us. Gotta look out for the little guy. lols.
People are persons, and corporations are persons. Corporations are made up of a corporate charter, that is all they are. What are you going to do, put the charter in prison?
Unfortunately the private sector has always been more susceptible to criminal activities in the guise of market capitalism as a step to corrupting government. The first thing all businessmen participating in a real open market do is get together and divide the market into monopolies so profits are no longer subject to competition. That is the first step to serving criminals just like any other customers but with a bit more concern about cheating. Government put really crooked schemers in jail. Gangsters put them into the ground.
I am not surprised with this decision as our government has been controlled by criminal financiers since it was founded. It is no different than any other government infesting the Earth. Even if founded with the best intentions they are all too soon purchased by criminal financiers for the wealth of the few at the cost to the many.
[color=black][font=Verdana]Unfortunately the private sector has always been more susceptible to criminal activities in the guise of market capitalism as a step to corrupting government.
i think the giveaway is in the name : "Limited Liability" corporation
Unfortunately the private sector has always been more susceptible to criminal activities in the guise of market capitalism as a step to corrupting government. The first thing all businessmen participating in a real open market do is get together and divide the market into monopolies so profits are no longer subject to competition.
lols. What a bunch of nonsense.
You can't find one example of companies getting together to form monopolies. not one. You can't even have a monompoly without help from the government.
Only industry that tried to get together to screw the consumer was the railroad industry in the late 1800s. And it just about bankrupted them. No one else tries it because it's not in their interest and it cannot work. Laws of free market capitalism assure it won't work.
And listen to anyone in the the Obama Administration and they are going after the banks for us. Gotta look out for the little guy. lols.
What a bunch of clowns these liberals are.
So what does that make the people who voted for them? TWICE!
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Propensity for sleeze
TWICE! 
