Stewart nails it in the final 30 seconds.
Daily Show Video - HSBC proves too big to prosecute when it comes to laundering money for terrorists and Mexican drug cartels.
Last week two Senators looking for press sent the following completely useless letter to Eric Holder at the Justice Department. While sounding all the right notes, there is nothing punitive within, just more hot air from Congress looking to assuage an angry constituency.
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Brown, Grassley Press Justice Department On Too Big To Jail
Senators Question Whether Too Big to Fail Status Of Wall Street Banks Undermines Government’s Ability to Prosecute Large Financial Institutions
“Wall Street megabanks aren’t just too big to fail, they’re increasingly too big to jail,” Brown said. “Already, the nation’s six largest megabanks enjoy what amounts to taxpayer-funded guarantee by virtue of their size, making it harder for regional and community banks to compete. Now, these megabanks may also enjoy some impunity when they violate the law by laundering money or illegally foreclosing on homeowners. Wall Street should pay the full price of its wrongdoing, not pass the costs along to taxpayers.”
“The best deterrent to crime is to put people in prison,” Grassley said. “That includes those at powerful banks and corporations. Unfortunately, we’ve seen little willingness to charge these individuals criminally. The public deserves an explanation of how the Justice Department arrives at these decisions.”
Read the full letter here...
A must read:
Matt Taibbi: 'Outrageous HSBC Settlement Proves The Drug War Is A Joke'
"If the law doesn’t apply equally to everybody, then you don’t really have a system of law. And so you have a built-in defense for everybody in every drug case forever. I mean, if you get caught with a stem of marijuana, how do you not stand up and say, ‘You’re going to send me to jail for this where a guy who laundered a billion dollars for a bunch of murderers gets nothing?’"Last week:
Jon Stewart: The Ungrateful Bastards Of AIG
Photo by William Banzai7...
The laundry of HSBC
This money is clean as can be
Banks criminal ways
Shows that crime always pays
Move along, there is nothing to see
The Limerick King
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