HSBC “Too Big to Jail” – U.S. codifies “two” laws for powerful and non-powerful people

December 16, 2012 by · Leave a Comment
Filed under: Opinion 

I really took time to think about what I waited to say.  I want to start with that, the rule of law has failed in the United States.  With the HSBC settlement we have effective codified “two” sets of laws in America.  One with influence & power and another for the common citizen.

This bank the operates on sovereign American soil committed crimes are in defiance of all the major criminal activities we shed so much blood and sweat for, terrorism, drug cartels and trading with the enemy.  This wasn’t small sums of money or just a single incident.  This was systematic over a decade involving reports of up to $60 TRILLION DOLLARS.  Just take a second and let the set in.

The reasoning the Justice Department (what Justice?) gave was that HSBC:

Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system.

What this means is that if your somehow vital to global or national interests, you do not need to follow criminal law and are basically untouchable.  Well there you have it, commoner law and elite law.  Once the rule of law fails it is not long when more institutions fail and general faith in the system sets in.  Once you have that, you will see more lawless behavior from more disenfranchised people, the precedent (I have talked about this many times) you set at the tops give other people a reason why they should do whatever they want because their is not enough incentive to follow the rules other than police action.  Problem is that their is not enough cops to walk that type of beat.
Our country and way of life is directly being threatened and I believe this will be looked upon and a watershed moment in history by future generations.   This is not isolated either, every major bank in our country has had to settle for some form of fraud or other criminal behavior.   We let them settle and it just supports this two-law system in the United States.   Maybe our country needs to fail for people to wake up and actually hold people to account and participate in this constitutional republic.  We have lost our way and we don’t seem to have enough spine to stand to say “NO MORE”.
Rolling Stones (Matt Taibbi) – If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.

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U.S. report says HSBC handled drug money and other illicit funds

July 17, 2012 by · Leave a Comment
Filed under: Legal News 

I need to get my hands on the report, please link it in the comments if you find it.   The Senate committee did not try and pull any punches on this report according to the Reuters story.  Sadly, the only part of the story that surprised me was how direct the language is.   It is not new that people have used banks for laundering money and funding operations that are politically unpopular.   Let us not for get Citibank that has been caught a few times dealing in different markets, handling funds from darker elements of society.

I hope we decide to do more than make reports, but actually use it to enforce the rules.    In the end, attacking the black market itself will do the most in the long run to combat these funds.   The only problem is that in the United States at least, we would need to admit that 50 years of policy what the incorrect prescription and do a complete 180 to go after these markets.   I don’t know what the ultimate solution is but I know it starts with reducing the obscene profits that attracted the organized crime elements.

Reuters – A “pervasively polluted” culture at HSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world’s most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and Syria, according to a scathing U.S. Senate report issued on Monday.

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HSBC REO Real Estate Listings

July 10, 2008 by · Leave a Comment
Filed under: National REO Banks 

Here is HSBC Banks’ REO Listings. Not too many listings for each state. HSBC has listings for 17 states and the option to look at all the listings at once. They have also integrated Mapquest’s mapping engine to provide overhead imagery. There were only single family listings at this time.

Bank Info:

HSBC’s Properties for Sale, or Real Estate Owned List, includes residential property acquired by HSBC or HSBC Mortgage Corporation (USA) or as Servicer, through foreclosure. All properties are listed and sold in “as is” condition without representations or warranties of any kind either expressed or implied by HSBC or its agents. This information does not constitute an offer to sell property. The information provided is subject to change without notice.


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