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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