Pick13: How is he not in jail for laundering billions of dollars?
Muta: Pick13: How is he not in jail for laundering billions of dollars?He and the entire BoD should be in jail. Taibbi hit the nail on the head:If you've ever been arrested on a drug charge, if you've ever spent even a day in jail for having a stem of marijuana in your pocket or "drug paraphernalia" in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordinary person who's ever had his life altered by a narcotics charge. Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a "record" financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank.
Malcolm_Sex: Subby has a different definition of failure then me. I'd call getting off clean pretty successful. HSBC should have been shut down, this guy deserves a bonus.
MrEricSir: I don't get it. I'd be willing to undermine and completely destroy a company for half of that.
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