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Holder admits some banks.... "too big to jail"
WorldNetDaily ^ | Mar 10, 2013 | staff writer

Posted on 03/11/2013 8:08:59 PM PDT by wesagain

Posters comment....

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 whistleblower’s 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 ...


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Politics/Elections
KEYWORDS: bigbanks; bigbankscrimes; bigbanksfraud; dncrico; dojrico; holdervsthelaw; noaccountability; nointegrity; nojustice; notruth; rico; toobigforjail

1 posted on 03/11/2013 8:08:59 PM PDT by wesagain
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To: wesagain
I'm not a big fan of big banks, but I don't understand how a $2B fine can be considered not even a slap on the wrist.

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.

2 posted on 03/11/2013 8:15:13 PM PDT by Martin Tell (Victrix causa diis placuit sed victa Catoni.)
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To: wesagain
“too big political contributors to jail,”
3 posted on 03/11/2013 8:18:24 PM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: wesagain

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.”


4 posted on 03/11/2013 8:19:01 PM PDT by Rembrandt (Part of the 51% who pay Federal taxes)
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To: wesagain

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?


5 posted on 03/11/2013 8:19:33 PM PDT by cpdiii (Deckhand, Roughneck, Mud Man, Geologist, Pilot, Pharmacist. THE CONSTITUTION IS WORTH DYING FOR!)
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To: wesagain

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.


6 posted on 03/11/2013 8:53:43 PM PDT by Up Yours Marxists
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To: wesagain; Martin Tell; mrsmith; Rembrandt; cpdiii
I saw Eliz (Phaucahantus) Warren demanding that HSBC be shut down immediately and today I closed my HSBC account.

HSBC is a key drug/money laundering component of new world order.

Fauxcahauntus, given the job she was given, nows this. Her "demand" is pure political theater; she knows that shutdowns of nwo-affiliated banks only happen with approval of nwo.

BCCI and Banco Ambrosiano are two interesting stories of nwo financial operations that had "hiccups" that were "cleaned up" by nwo. IMHO, I doubt HSBC is due to be "liquidated"; of course, that's just a guess on my part.

Per Rembrandt's reference, HSBC has always been a nwo operation, going back to the nwo opium trade in China.

If you want to keep very busy for a long time, check out connections between these:

HSBC
Iran
Venezuela
CIA

Truly "global" banking !
7 posted on 03/11/2013 9:09:53 PM PDT by PieterCasparzen (We have to fix things ourselves)
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To: wesagain
There is no more law if this isn't corrected
 
Law has been on the ropes for quite a while.
 
 
 
"Ohhhhho say can you seee...."
 
Eyes Wide Shut

"8-1984 - Lawrence King [Homosexual and alleged Pedophile] throws a lavish party in Dallas, Texas, after singing the National Anthem at the Republican National GOP Convention."

http://www.google.com/#hl=en&tbo=d&sclient=psy-ab&q=Lawrence+king+singing+pedophile+franklin&oq=Lawrence+king+singing+pedophile+franklin

 

http://www.franklincase.org/index.php?option=com_content&view=article&id=11&Itemid=9


8 posted on 03/12/2013 5:42:38 AM PDT by TArcher ("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)
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To: Up Yours Marxists
Too large Mr. Holder? Like BCCI large? Or Barclays large.

Or Ameriquest large...


"Oops"
 

9 posted on 03/12/2013 5:45:04 AM PDT by TArcher ("TO SECURE THESE RIGHTS, governments are instituted among men" -- Does that still work?)
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