Tuesday, December 11, 2012

HSBC, Too Big to Jail

Stories like this make me wonder if the rule of law in our country means anything to the very rich, they just roll over anything in their path.  They laundered billions for criminals, drug cartels and terrorists for years, and the US agencies overseeing them ignored it!  Maybe we should be putting the heads of the regulatory agencies in prison because of their acceptance of criminals running the world financial system, maybe the Secretary of the Treasury and the Head of the DOJ ought to accept responsibility and be tried for willful incompetence.  According to CBS, "The bank's CEO at the time that these infractions occurred, Stephen Green, still sits in Britain's House of Lords as minister of state for trade and industry."  Absolutely disgusting.

I'm going to send more money to Public Citizen, which seems to be the only effective opposition to Corporate Crime.

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