HSBC fined $2 Billion for money laundering

In Polytricks on December 11, 2012 at 8:38 am

HSBC was just fined nearly $2 Billion in fines by US Dept. of Justice for money laundering.  It has been laundering billions of dollars for Mexican drug cartels for years and finally has been slapped on the wrist.  Was it too big to actually prosecute?  Looks like criminal charges were dropped for fears that actually throwing some crooked banksters in jail would upset the world economy.. pffttt!

I’m scandalized that those creepy banksters could stand up in a committee and apologize for ‘mistakes’ the bank ‘had’ made.  How about apologizing and going to jail for drug money laundering?  Sure its unprecedented for banksters to actually get fined for their crimes but considering the enormous profits from money laundering even a $2 billion fine is really just an operating expense for a huge bank like HSBC.  The proof of this is that news of the huge fine never even ruffled its stocks or the market.  Here is a video on how this laundry cycle works

  1. […] profits are also helping the banksters get very, very rich.  Recently HSBC was fined $2 billion for laundering drug money.   The corporate media spins drug money laundering as “lapses”, pathetically […]

  2. […] the USG is looking to shake S&P down for some hard cash.  Rather like the slap on the wrist that HSBC got for laundering billions of dollars in drug money.  Nobody will go to jail but the fines will be hefty.  The USG is acting like  the local cops […]

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