Wednesday, December 12, 2012

Too Big to Jail: Big Banks Can Finance Terrorists and Walk Away Scott Free | Alternet

Too Big to Jail: Big Banks Can Finance Terrorists and Walk Away Scott Free | Alternet
"The New York Times reports this week that megabank HSBC has escaped criminal prosecution for money laundering that probably funded terrorists and narcotics traffickers. Why? Because regulators and prosecutors were petrified that an indictment would undermine the entire financial system."