Elizabeth
Warren Demands Jail for HSBC ‘Money Launderers’
Source: Reader
Supported News
By Chris Good, ABC News
08 March 13By Chris Good, ABC News
lizabeth Warren has a question: How much money does a
bank have to launder before people go to jail?
In December, U.S. Justice
Department officials announced that HSBC, Europe’s largest bank, would pay a $1.92 billion fine after laundering $881
million for drug cartels in Mexico and Colombia. At the time, the Justice
Department disputed accusations that it views some banks as too big to
prosecute.
The two regulators, Under Secretary for Terrorism and Financial Intelligence
David S. Cohen and Federal Reserve Governor Jerome H. Powell, deflected
Warren’s questions, saying that criminal prosecutions are for the Justice
Department to decide.“If you’re caught with an ounce of cocaine, the chances are good you’re going to jail. If it happens repeatedly, you may go to jail for the rest of your life,” an exasperated Warren said, as she wrapped up her questioning. “But evidently, if you launder nearly a billion dollars for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night – every single individual associated with this – and I just think that’s fundamentally wrong.
lizabeth Warren has a question: How much money does a bank have to launder before people go to jail?
2 comments:
Iran has set the right example for Banksters "the Death penalty"
I concur!!
Kudos for Elizabeth. John maybe we can start a petition to the white house asking the President :-) to
support Elizabeth
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