Skip to comments.Holder admits some banks.... "too big to jail"
Posted on 03/11/2013 8:08:59 PM PDT by wesagain
There is no more law if this isn't corrected
More than three months after the Justice Department administered a virtual slap on the wrist to global banking giant HSBC after a whistleblowers report to WND of massive fraud was confirmed, Attorney General Eric Holder admitted to a Senate panel he believes some banks are too big to prosecute.
Under questioning before the Senate Judiciary Committee last Wednesday, Holder said he was not referring specifically to HSBC, because it would not be appropriate, but the message was clear.
Banks the size of HSBC are too big to jail, as a member of the Senate panel put it.
I am concerned that the size of some of these institutions becomes so large, the attorney general confessed, that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.
And I think that is a function of the fact that some of these institutions have become too large, said Holder.
In December, WND s Whistleblower of the Year, John Cruz, called the $1.92 billion fine the U.S. government imposed on HSBC a joke and filed a $10 million lawsuit for retaliation and wrongful termination.
Significantly, the HSBC settlement with the Justice Department allowed all bank officers and directors who may have been aware of or participated in the illegal activities to be free of criminal investigation and prosecution in exchange for HSBC agreeing ......
(Excerpt) Read more at wnd.com ...
I saw Eliz (Phaucahantus) Warren demanding that HSBC be shut down immediately and today I closed my HSBC account.
Hell, I'm not taking any chances when she is on the warpath.
This article is 100% bravo sierra. We know from Holder’s past actions that he loves nothing more than to stick it to big business and extort money.
The REAL reason he won’t prosecute this bank is its name:
HSBC is an abbreviation for the “Hong Kong and Shanghai Banking Corporation.”
There is only one logical reason the Obama Justice Department is not prosecuting HSBC. The logic, Holder has been told not to prosecute because HSBC has bought off the Obama Administration. The only thing is doubt is does HSBC control Obama or does Obama control HSBC?
Too large Mr. Holder? Like BCCI large? Or Barclays large.
Maybe you should chat with your pinko friend Mr. Kerry and ask him for pointers on how to prosecute large money-laundering banks.
Or Ameriquest large...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.