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Launder money for Mexican drug cartels, do business with the Saudi bank that's accused of helping finance Al quaeda...receive deferred prosecution, a fine, and no jail.

At a news conference on Tuesday in Brooklyn, Mr. Breuer defended the decision to opt for a settlement, rather than seeking an indictment against the bank, calling the action “a very just, very real and very powerful result.”

At a news conference on Tuesday in Brooklyn, Mr. Breuer defended the decision to opt for a settlement, rather than seeking an indictment against the bank, calling the action “a very just, very real and very powerful result.”

Problems for HSBC mounted in July when the Senate Permanent Subcommittee on Investigations accused the bank of exposing the United States “financial system to money laundering and terrorist financing risks.”

The original problems began when agents with Immigration and Customs Enforcement spotted questionable trails of money between HSBC’s Mexican and United States operations.

Despite a chorus of warnings from federal banking regulators about the vulnerability of HSBC’s operations throughout the world, the bank didn’t fortify its controls, the Senate report found.

One HSBC branch in the Cayman Islands, the Senate report said, had virtually no oversight despite holding roughly 50,000 client accounts in 2008. Alarmed, an HSBC compliance officer complained, asking if practices at the bank were part of “the School of Low Expectations Banking.”

http://dealbook.nytimes.com/2012/12/11/ ... g-charges/" onclick="window.open(this.href);return false;

Taibbi ties it in to the War on Drugs nicely. What a complete joke. More than a few banksters need the Bradley Manning treatment.

http://www.rollingstone.com/politics/bl ... e-20121213" onclick="window.open(this.href);return false;

Fucking Eurotrash...

Baldy wrote:Fucking Eurotrash...

That we supposedly regulate and allow to operate in our markets. Thank you Obama administration.

kalm wrote:Launder money for Mexican drug cartels, do business with the Saudi bank that's accused of helping finance Al quaeda...receive deferred prosecution, a fine, and no jail.

Taibbi ties it in to the War on Drugs nicely. What a complete joke. More than a few banksters need the Bradley Manning treatment.

http://www.rollingstone.com/politics/bl ... e-20121213" onclick="window.open(this.href);return false;

Taliban did a poor job on this, and he once again is just as guilty as the people he chastises. Tabby is making decent coin by doing his liberal dog and pony show against the big, bad bankers, but just like the justice Department, he gives his own boy some slack. Obama, his agent for change, was only mentioned once.

Tally should be raging against Obama as a false and failed leader. Obama, an admitted user, was supposed to be about CHANGE...a change from Bush (a frequent target of Tieboy). Instead, Obushma continues the long trend of enabling the people at the top to do whatever they want while the people, supposedly Obama's people, suffer.

Taibbi had a real chance here to tie in an accountable face/name to his rants...Obama...but instead, chose to repeatedly focus on little known administrators as if this nonsense is unstoppable because it is choreographed by mysterious, untouchable people behind a curtain.

Taibbi complains, but offers few solutions. He, like most people, protects the people he likes.

Cluck U wrote:

kalm wrote:Launder money for Mexican drug cartels, do business with the Saudi bank that's accused of helping finance Al quaeda...receive deferred prosecution, a fine, and no jail.

Taibbi ties it in to the War on Drugs nicely. What a complete joke. More than a few banksters need the Bradley Manning treatment.

http://www.rollingstone.com/politics/bl ... e-20121213" onclick="window.open(this.href);return false;

Taliban did a poor job on this, and he once again is just as guilty as the people he chastises. Tabby is making decent coin by doing his liberal dog and pony show against the big, bad bankers, but just like the justice Department, he gives his own boy some slack. Obama, his agent for change, was only mentioned once.

Tally should be raging against Obama as a false and failed leader. Obama, an admitted user, was supposed to be about CHANGE...a change from Bush (a frequent target of Tieboy). Instead, Obushma continues the long trend of enabling the people at the top to do whatever they want while the people, supposedly Obama's people, suffer.

Taibbi had a real chance here to tie in an accountable face/name to his rants...Obama...but instead, chose to repeatedly focus on little known administrators as if this nonsense is unstoppable because it is choreographed by mysterious, untouchable people behind a curtain.

Taibbi complains, but offers few solutions. He, like most people, protects the people he likes.

but...but...but...Tallywacker always goes after Obama.

Cluck U wrote: Tally should be raging against Obama as a false and failed leader.

Come, Mister tally man, tally me banana
Daylight come and me wan' go home

Baldy wrote:

Cluck U wrote:

Taliban did a poor job on this, and he once again is just as guilty as the people he chastises. Tabby is making decent coin by doing his liberal dog and pony show against the big, bad bankers, but just like the justice Department, he gives his own boy some slack. Obama, his agent for change, was only mentioned once.

Tally should be raging against Obama as a false and failed leader. Obama, an admitted user, was supposed to be about CHANGE...a change from Bush (a frequent target of Tieboy). Instead, Obushma continues the long trend of enabling the people at the top to do whatever they want while the people, supposedly Obama's people, suffer.

Taibbi had a real chance here to tie in an accountable face/name to his rants...Obama...but instead, chose to repeatedly focus on little known administrators as if this nonsense is unstoppable because it is choreographed by mysterious, untouchable people behind a curtain.

Taibbi complains, but offers few solutions. He, like most people, protects the people he likes.

but...but...but...Tallywacker always goes after Obama.

Sorry he didn't use the word Obama enough in this one article about the Obama justice department. Now please point in the direction of the right wing outrage over this.

Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

kalm wrote:Sorry he didn't use the word Obama enough in this one article about the Obama justice department. Now please point in the direction of the right wing outrage over this.

What?

I'm outraged. You're outraged. Most sane people would be outraged...especially if this made big headlines. Even more so if people knew who to hold accountablde.

But, instead of holding a person responsible, and we know who is responsible, you are waiting for someone to point out the far Right's outrage over this issue? Seriously, wtf is going on inside your head? If the leader of the vegan movement is caught secretly eating pork on a daily basis, three meals/day, would you expect that the vegans wait for a carniovore to be outraged and to condemn the vegan leader for her eating habits? C'mon.

Taliman takes on the role, and gets paid for it, of the underdog railing against the big, bad, corrupt, entrenched, rich guys. As Al Pacino screamed, "You are supposed to stand for something!" It's Taibbi's job to do investigative journalism and to expose the bad guys to the public...ostensibly so that justice might triumph under public scrutiny. The people behind the banking/financial scandals have been portrayed as the untouchables who hovered behind Bush and the right wing Republicans and got even richer while Rome burned. Tali had the perfect opportunity to call Obama out to the mat, to hold him accountable to all of the CHANGE he promised in TWO election campaigns. Instead, Tali blew it...and you'd have to think it was intentional because it is too hard to miss such an easy target.

He could have put a lot of pressure on Obama to do something about the scandal(s).

Unfortunately, it appears that Taibbi, like the Justice Department he criticizes, thinks that the system will fail if the big con men are held accountble. He allowed Obushma, con man of change, to walk away from any serious accusations and without any consequences.

Just another day on Wall Street...and just another liberal journalist not willing to take a hard stand against one of his heroes. Taibbi is a coward.

Cluck U wrote:

kalm wrote:Sorry he didn't use the word Obama enough in this one article about the Obama justice department. Now please point in the direction of the right wing outrage over this.

What?

I'm outraged. You're outraged. Most sane people would be outraged...especially if this made big headlines. Even more so if people knew who to hold accountablde.

But, instead of holding a person responsible, and we know who is responsible, you are waiting for someone to point out the far Right's outrage over this issue? Seriously, wtf is going on inside your head? If the leader of the vegan movement is caught secretly eating pork on a daily basis, three meals/day, would you expect that the vegans wait for a carniovore to be outraged and to condemn the vegan leader for her eating habits? C'mon.

Taliman takes on the role, and gets paid for it, of the underdog railing against the big, bad, corrupt, entrenched, rich guys. As Al Pacino screamed, "You are supposed to stand for something!" It's Taibbi's job to do investigative journalism and to expose the bad guys to the public...ostensibly so that justice might triumph under public scrutiny. The people behind the banking/financial scandals have been portrayed as the untouchables who hovered behind Bush and the right wing Republicans and got even richer while Rome burned. Tali had the perfect opportunity to call Obama out to the mat, to hold him accountable to all of the CHANGE he promised in TWO election campaigns. Instead, Tali blew it...and you'd have to think it was intentional because it is too hard to miss such an easy target.

He could have put a lot of pressure on Obama to do something about the scandal(s).

Unfortunately, it appears that Taibbi, like the Justice Department he criticizes, thinks that the system will fail if the big con men are held accountble. He allowed Obushma, con man of change, to walk away from any serious accusations and without any consequences.

Just another day on Wall Street...and just another liberal journalist not willing to take a hard stand against one of his heroes. Taibbi is a coward.

Agreed on the media coverage and lack of outrage. Im all ready aware of the failures of Obama in this regard and this is one of the specific reasons i didnt vote for him. The right wing media remark was more for Baldy's benefit and i dont expect them to cover it properly.

But Wow are swinging and missing here on Taibbi's coverage. And I find that interesting.

kalm wrote:Agreed on the media coverage and lack of outrage. Im all ready aware of the failures of Obama in this regard and this is one of the specific reasons i didnt vote for him. The right wing media remark was more for Baldy's benefit and i dont expect them to cover it properly.

But Wow are swinging and missing here on Taibbi's coverage. And I find that interesting.

Nope. T-boy spent too much time comparing the bankers to the street guys. He summed it up well at first, but then that became too focused...including a rant about racism/crack/cocaine/etc. Foolish to go too far down the well when the problem is right in front of you. And he left his anger undirected at anyone in particular...despite the chance to make a difference.

He should have gone after Obama and his words about roping in the bad bahavior of greedy people...holding people accountable. He didn't. He could have then named those Justice Depatment appointees responsible for the settlement, their backgrounds, and why he believes they, and Obama, didn't press harder. Face it, Taibbi let his foot off the gas just when he should have stomped on harder.

Again, he takes umbrage at the Justice Department letting the big cats go, and then proceeded to follow their lead.

After reading the article, where is the focus? Is Tali calling for any resignations, any further investigation, any accountability? Did he ask his readers to vote/petition/demand the other networks cover this in more depth or to get a more responsible President/Justice Department?

Nope. Just a complaint...with no recommended solution. And no real focus...except about the vague, apparently unaccountable Justice Department.

Cluck U wrote:

kalm wrote:Agreed on the media coverage and lack of outrage. Im all ready aware of the failures of Obama in this regard and this is one of the specific reasons i didnt vote for him. The right wing media remark was more for Baldy's benefit and i dont expect them to cover it properly.

But Wow are swinging and missing here on Taibbi's coverage. And I find that interesting.

Nope. T-boy spent too much time comparing the bankers to the street guys. He summed it up well at first, but then that became too focused...including a rant about racism/crack/cocaine/etc. Foolish to go too far down the well when the problem is right in front of you. And he left his anger undirected at anyone in particular...despite the chance to make a difference.

He should have gone after Obama and his words about roping in the bad bahavior of greedy people...holding people accountable. He didn't. He could have then named those Justice Depatment appointees responsible for the settlement, their backgrounds, and why he believes they, and Obama, didn't press harder. Face it, Taibbi let his foot off the gas just when he should have stomped on harder.

Again, he takes umbrage at the Justice Department letting the big cats go, and then proceeded to follow their lead.

After reading the article, where is the focus? Is Tali calling for any resignations, any further investigation, any accountability? Did he ask his readers to vote/petition/demand the other networks cover this in more depth or to get a more responsible President/Justice Department?

Nope. Just a complaint...with no recommended solution. And no real focus...except about the vague, apparently unaccountable Justice Department.

He's written dozens of articles taking the administration to task over lack of prosecution, regulation, and unkept campaign promises...suggested remedies too (as, btw, he did in this piece). Highlighting the irony between the war on drugs and multinational banksters enabling their financing while avoiding prosecution that two bit pot heads get sent to jail for is simply another angle in the greater story.

Keep swinging though!

kalm wrote:

Baldy wrote:
but...but...but...Tallywacker always goes after Obama.

Sorry he didn't use the word Obama enough in this one article about the Obama justice department. Now please point in the direction of the right wing outrage over this.

I'll watch the "right-wing" "corporate media" tonight and give you a full report.

Cluck U wrote:The people behind the banking/financial scandals have been portrayed as the untouchables who hovered behind Bush and the right wing Republicans and got even richer while Rome burned.

Cluck U
This has been my biggest criticism of the Democratic party
They have pointed the accusatory finger at the Banks and Financial swindlers and Wall Street fraud Masters as part of the Republican Rich Guy Network... and that is so NOT the whole truth - The Democrats are every bit as much in the same business

This is really the war against the Republic that I've been talking about
Both Parties are robbing this country blind
while they protect the crime syndicates that are our global financial institutions

Chizzang wrote:Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

Well if you would comb your hair and wash off that petruli oil you'd smell and look more respectable and people like AZ would take you seriously.

Chizzang wrote:Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

Here's the problem, junior: saying "banks and our financial institutions are just as much criminals as thugs in the streets" is akin to saying 100,000,000 gun owners are child murders because of what happened in Newtown.

Stupid, stupid, red herring argument. I would have thought a Harvard grad could figure that out.

AZGrizFan wrote:

Chizzang wrote:Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

Here's the problem, junior: saying "banks and our financial institutions are just as much criminals as thugs in the streets" is akin to saying 100,000,000 gun owners are child murders because of what happened in Newtown.

Stupid, stupid, red herring argument. I would have thought a Harvard grad could figure that out.

Or a UDub man...

AZGrizFan wrote:

Chizzang wrote:Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

Here's the problem, junior: saying "banks and our financial institutions are just as much criminals as thugs in the streets" is akin to saying 100,000,000 gun owners are child murders because of what happened in Newtown.

Stupid, stupid, red herring argument. I would have thought a Harvard grad could figure that out.

And yet here we are...

(and I stand by my Red Herrings)

Ivytalk wrote: Or a UDub man...

A fine institution

AZGrizFan wrote:

Chizzang wrote:Wasn't I just reprimanded on this forum for saying that banks and our financial institutions are just as much criminals as the thugs in the streets... I was literally scoffed at by AZ

Yet here we are....

Here's the problem, junior: saying "banks and our financial institutions are just as much criminals as thugs in the streets" is akin to saying 100,000,000 gun owners are child murders because of what happened in Newtown.

Stupid, stupid, red herring argument. I would have thought a Harvard grad could figure that out.

After awhile, Pablo Escobar didn't deal drugs either.

Ivytalk wrote:

AZGrizFan wrote:
Here's the problem, junior: saying "banks and our financial institutions are just as much criminals as thugs in the streets" is akin to saying 100,000,000 gun owners are child murders because of what happened in Newtown.

Stupid, stupid, red herring argument. I would have thought a Harvard grad could figure that out.

Or a UDub man...

We'd be better off with a marine biology major, a tree hugging hippy, or a rec mgmt major from some directional U running the Wall Street conglomerate than the current band of Ivies.

kalm wrote:

Ivytalk wrote: Or a UDub man...

We'd be better off with a marine biology major, a tree hugging hippy, or a rec mgmt major from some directional U running the Wall Street conglomerate than the current band of Ivies.

So you'd rather stick your money in your sock. I understand.

Ivytalk wrote:

kalm wrote:
We'd be better off with a marine biology major, a tree hugging hippy, or a rec mgmt major from some directional U running the Wall Street conglomerate than the current band of Ivies.

So you'd rather stick your money in your sock. I understand.

Let's stop pretending they're not stealing the money right off the top in broad daylight, shall we...
Frankly I don't care everybody's gotta make a living
But skimming 401's and pulling 50 million off the bottom of the hedge (look magic)

Come on...

kalm wrote: We'd be better off with a marine biology major, a tree hugging hippy, or a rec mgmt major from some directional U running the Wall Street conglomerate than the current band of Ivies.

Jeeze man...
That is an alarmingly close description of Chizzang

Chizzang wrote:

kalm wrote: We'd be better off with a marine biology major, a tree hugging hippy, or a rec mgmt major from some directional U running the Wall Street conglomerate than the current band of Ivies.

Jeeze man...
That is an alarmingly close description of Chizzang

I would not keep my money in your sock...or Ivy's.