Taibbi and Spitzer' Even People On Wall Street Were Blown Away By The Result'
2013 Jan 2, 2:34am 5,454 views 12 comments
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So, maybe they really did let a good case go because of politics. I don't know. I do know that nobody on this thread knows what actual guilt exists.
No one on this thread knows if guilt or innocence exists. That would be up to a jury to decide wouldn't it? We are discussing if there should have been a prosecution or not. There are plenty of people in positions to know the details better than you or I that think the case should have been pursued. After reading a pretty big chunk of the Senate report I personally can't believe the case was dropped.
Even if the case were unsuccessful it would still make the point that executives can't use the it looked like a duck, waddled like a duck, quacked like a duck, but we didn't realize it was a duck excuse without consequences. That's worthwhile in and of itself.
MisdemeanorRebel
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2013 Jan 7, 1:17am
When you are designing teller windows to accept a certain size briefcase that holds a certain amount of money, that isn't negligence.
Of course Banks launder lots of drug money and do so knowingly. If they didn't, we'd see towers made of $20 and $100 bills rising in the Andes because the Drug Cartels, which handle countless billions a year, would have no where to put it.
However, if you're a contractor carrying a few thousand dollars in cash, better hope the cops don't stop you.
TheAntiPanicanLearingCenter
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2024 Apr 25, 6:51am
Betcha three beers Holder gets a nice job in a big Wall Street/DC lawfirm connected to the banking industry after he leaves office.
I'd suck my own dick over this but so obvious now it's boring that it came true.
ANYWAY.
Remember Elliot Spitzer?
Went from being the Democrat Wonder Boy to the NYT screaming he used Public Credit Cards to pay hookers (turned out to be false, he used his own money).
Gee, if there was only some reason in late 2008 that the Governor of New York who was known as a Gadfly to the Banking industry was suddenly found to be banging prostitutes.
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http://dailybail.com/home/matt-taibbi-even-people-on-wall-street-were-blown-away-by-th.html
Matt Taibbi and Eliot Spitzer react to news that DOJ and other federal and state authorities have opted not to file criminal charges against anyone at HSBC.
'Even people on Wall Street were blown away.'
"The decision to not prosecute in this instance belies everything that the government has ever done with regard to drug prosecutions everywhere. I mean, when you think about the way they behave toward ordinary people who get caught up in drug cases, where they seize all your property and they use absolutely the maximum sentences they can possibly avail themselves of, and in this case they catch a bank that launders billions of dollars for Colombian and Mexican drug cartels … for years on end, and they can’t find something to charge these people with?"
"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?’"
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Matt writes:
I had the pleasure of appearing on Eliot Spitzer's Viewpoint last night to talk about the hideous Eric Holder Lanny Breuer HSBC settlement, in which the government elected not to push criminal prosecutions against bank officers who admitted to laundering billions of dollars in drug money. Spitzer was the first guy I thought of when I saw the softball settlement, so it was cool to hear the prosecutorial take on the deal. When I came home after the show, my wife laughed. "It's like you guys were fighting over who was more pissed off."
Matt Taibbi: 'Outrageous HSBC Settlement Proves The Drug War Is A Joke'