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Hsbc Money Laundering

Taibbi: U.S. Should Be Ashamed It Treats Pot Smokers Worse Than Wall St. Criminals

The Huffington Post | Alexander C. Kaufman | Posted 04.08.2014 | Business

A Wall Street bank accused of laundering money for drug cartels only had to pay a fine. Meanwhile, a man caught with a joint in his pocket had to spen...

Too Often, American Justice Is Injustice

Michael Shammas | Posted 04.14.2014 | College
Michael Shammas

Our state of affairs goes against a pinnacle of American justice, equality before law, facilitating everything from war crimes, to torture, to domestic spying, to a predatory, ravenous Wall Street that feeds on the middle class with impunity.

Banks Launder Billions of Illegal Cartel Money While Snubbing Legal Marijuana Businesses

Avinash Tharoor | Posted 03.19.2014 | Business
Avinash Tharoor

The hypocrisy of the role that banks play in the drug trade is particularly disgraceful when considering the recent system of marijuana regulation that was introduced in Colorado.

Matt Sledge

Big Bank Gets Small Fine For Terrorist Transactions

HuffingtonPost.com | Matt Sledge | Posted 01.23.2014 | Politics

A major U.S. bank has agreed to a settlement for transferring funds on the behalf of financiers for the militant group Hezbollah, the Treasury Departm...

Wall Street's Two Least Favorite Birthdays: OWS and Everett Stern

Jerry Ashton | Posted 10.28.2013 | New York
Jerry Ashton

You can be sure that TBTF (Too Big To Fail) bankers will not be donning party hats when these two birthdays roll around: that of Occupy Wall Street on...

Is Anybody Listening? HSBC Continues to Launder Money for Terrorist Groups Says Whistleblower

Marni Halasa | Posted 10.28.2013 | Impact
Marni Halasa

"The public needs to know that money is still being funneled through HSBC to directly buy guns and bullets to kill our soldiers. Fines are not acceptable. I want a criminal indictment of HSBC executives," [Stern] asserts. "And if I die because of this, my life will have been worthwhile."

When Worlds Collude: Right-wing Whistleblower Courts Left-Leaning Occupy Banking Group

Jerry Ashton | Posted 08.19.2013 | New York
Jerry Ashton

Can this new mutuality of efforts comprise a new path which might be taken by people on the left and the right of the spectrum? That rare "common ground?"

How Dare DOJ Insult HSBC's Crooks as Less 'Professional' Than Liberty Reserve's Crooks?

William K. Black | Posted 07.30.2013 | Business
William K. Black

Two of the largest banks in the world, which reap massive explicit and implicit subsidies from the government, were criminal enterprises for at least a decade. Each engaged in violations that were vastly larger than Liberty Reserve.

A Pathological Moral Environment

Mike Lux | Posted 07.07.2013 | Politics
Mike Lux

If this deadly dynamic isn't solved -- if the biggest banks aren't broken up, if the Department of Justice doesn't start prosecuting crime in the financial sector -- our country will in the not too distant future see a financial crisis far worse than in 2008.

Too Big to Jail Bank: I'm Sorry. Now Can I Go Back Out and Play?

Bartlett Naylor | Posted 05.29.2013 | Business
Bartlett Naylor

The Standard Chartered agreement with the Department of Justice actually anticipates dismissals of its crime. It states that if Standard Chartered denies its crimes, it must issue a new statement within five days after the government orders it.

The Beginning of the End of Too-Big-to-Fail

Robert Weissman | Posted 05.28.2013 | Politics
Robert Weissman

A funny thing, wonderful in its own small way, happened last week. The Senate voted 99-0 in favor of an amendment to end subsidies to too-big-to-fail financial institutions. This vote is a harbinger of things to come -- if the public keeps ratcheting up pressure.

HSBC Facing Money Laundering Allegations AGAIN

Reuters | Posted 05.18.2013 | Business

BUENOS AIRES, March 18 (Reuters) - Argentina's tax agency said on Monday it has uncovered 392 million pesos ($77 million) in fraudul...

Should Eric Holder Be Impeached for His Refusal to Prosecute Wall Street?

Matthew Filipowicz | Posted 05.18.2013 | Politics
Matthew Filipowicz

In a Senate Judiciary hearing last week, our nation's leading law enforcement officer, Attorney General Eric Holder said he believes that Wall Street ...

An Etiquette Lesson for Elizabeth Warren From 'El Loco'

Richard (RJ) Eskow | Posted 05.10.2013 | Politics
Richard (RJ) Eskow

Politicians and regulators serve criminal banks for the very same reason that Willie Sutton robbed them: That's where the money is.  If these senators don't figure that out pretty soon, they're going to have to go to the people to raise money.

When Good Things Happen to Bad People

Jerry Ashton | Posted 05.08.2013 | New York
Jerry Ashton

As our government of the richest and mightiest country in the world is incapable of effecting retribution, we can only implore the divinity: please see to it that really bad things happen to these really bad people.

Holder Confesses

Mike Lux | Posted 05.07.2013 | Politics
Mike Lux

This is the ultimate Big F'ing Deal: the nation's top prosecutor openly admitting that some people and institutions are so big, wealthy, and powerful that it is the policy of the United States to hesitate to prosecute them no matter how terrible their crime.

HSBC Profits Still Climb Despite Scandal

AP | GREGORY KATZ | Posted 05.04.2013 | Business

LONDON — The HSBC banking group saw its net profits drop nearly 17 percent in 2012, as it counted the cost of a hefty U.S. fine it paid to settl...

Inequality, Capitalism and a Nation of Men

Bruce Judson | Posted 04.28.2013 | Business
Bruce Judson

John Adams famously sought to create "a government of laws and not of men." Sadly, I suspect John Adams would be disappointed in the nation today.

CEO Reveals Why His Bank Was 'Very Attractive' To Criminals

Reuters | Posted 04.08.2013 | Business

* Structure was "not fit for purpose" in modern world -CEO * Says structural change was biggest in HSBC's history ...

Dr. Occupy, Or: How I Learned to Stop Worrying and Run for Congress

Abel Collins | Posted 03.18.2013 | Politics
Abel Collins

A bold prediction for 2013: at least two of the Too Big To Fail banks will be implicated in major crimes and they will be fined less than the profits that they made engaging in those crimes.

Too Big To Fail Again!

Philip David Morton | Posted 03.16.2013 | Comedy
Philip David Morton

I don't understand why people complain about Too Big To Fail. Just because a few companies have metastasized into entities so immense they transcend national boundaries and eclipse the net worth of some countries is no cause for alarm.

This Big Bank Laundered 'A Lot Of Money' For Colombian Drug Lords

Reuters | Posted 03.04.2013 | Business

* Drug cartels used complex scheme to launder money * Smuggled dollars to Mexico, put them in HSBC accounts ...

Money Launderers and Corporate Bribers Must Be Brought to Justice

Frank Vogl | Posted 02.26.2013 | Crime
Frank Vogl

The punishment needs to fit the crime, but are some giant multinational corporations now so large that they no longer can be punished effectively?

Major Bank Accused Of Aggressively Targeting Minorities

AP | KATE BRUMBACK | Posted 12.26.2012 | Business

ATLANTA -- Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expense...

A Christmas Carol for Bankers

Brandon L. Garrett | Posted 02.23.2013 | Business
Brandon L. Garrett

With the help of three ghosts, Scrooge finally reached redemption by learning to give to others. As events of the past two weeks have shown, modern bankers have their own ghosts to face: federal prosecutors.