"Britain's largest bank, HSBC, enabled drug cartels to wash their billions of tear- and blood-soaked dollars through its global operations. HSBC netted billions in profits as result.
Recently, the U.S. government fined the bank a record $1.9 billion for money laundering for enabling drug cartels to move their money through the United States and other crimes.
However, not one HSBC executive will face criminal charges, sparking charges that the bank was "too big to jail." The New York Times editorialized the failure to indict a single banker was “a dark day for the rule of law.”"..................
Money laundering is like photo radar these days? As long as you pay up you won't lose points or go to jail. Or maybe itwas just part of the plea deal? Let the stockholders pay the fine.
Thomas Sowell: There are no solutions, just trade-offs.
Jesse Ventura was on CNN talking about how when the Taliban shut down poppy production in Afghanistan that there was a world wide recession as a result of the largest banks not being able to launder money for them. He thinks we are there to push the heroin trade back up to help the banks profiting from it and to get their lithium.
And you know where all the local drug and alcohol dealers spend most of their money.....King Soopers and Walmart - I bet they use a bank too.
