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Truth is in favor of you and me; for the truth of our enemies whom we have been serving here in the U.S.A. for over 400 years (whom we did not know to be our enemies by nature) is the truth that the Black Man must have knowledge of to be able to keep from falling into the deceiving traps that are being laid by our enemies to catch us in their way which is opposed to the way of righteous of whom we are members. ~ The Honorable Elijah Muhammad

Thursday, December 13, 2012

Too Big to Jail: Big Banks Can Finance Terrorists and Walk Away Scot-Free

HSBC logo on building. Taken by C Ford - march 04.
HSBC logo(Photo credit: Wikipedia)
The New York Times reports this week that megabank HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system. The Times quotes anonymous government sources who confessed fears about bringing formal charges because doing so would be a "death sentence" for the bank. So they let it off the hook.

That’s right, HSBC is officially above the law. Too-big-to-fail has become too-big-to-prosecute.  | Alternet

Also read:

Too Big To Jail: Money, the Federal Reserve and international banksters

When a Black man is caught with 28 grams of cocaine, he goes straight to jail for five years and most of his citizenship rights are taken from him, forever. Too bad "Honest Abe" overlooked the "fine print" in the Thirteenth Amendment, which gave America the right to impose involuntary servitude on any Black "convicted of a crime."
Without the dirty international bankers to launder the drug money, drug trafficking on a large scale would cease. It is the HSBCs of the world that finance the drug trade and the drugs that infest the Black communities and ensnare our young Black males for the new prison plantation system. So now the Honorable Minister Louis Farrakhan has to bring the F.O.I. into drug-torn neighborhoods to clean up the mess hatched by these international hoodlum bankers.
However, I must at least give Presidents Abraham Lincoln and John F. Kennedy credit for going up against the International Bankers—but for doing so, they were assassinated. And maybe that is why President Obama is reluctant to take on Wall Street, the International Bankers and the Federal Reserve System.

HSBC to pay $1.9B to settle money-laundering case
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
Europe's largest bank by market value will pay the biggest penalty ever imposed on a bank after facing accusations it transferred funds through the U.S. from Mexican drug cartels and on behalf of nations such as Iran that are under international sanctions.
Feds outline HSBC ties to laundering, drug money - CBS News
British bank HSBC (HBC) violated the Bank Secrecy Act in connection with the laundering of money from narcotics drug traffickers in Mexico and intentionally allowed prohibited transactions with Iran and other nations that have been under sanctions, the Justice Department alleged Tuesday.
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