Saturday, December 15, 2012

If You Liked Too Big To Fail, You Will Love Too Big To Indict

Did you know that there is now such a thing as “too big to indict”? This generally refers to institutions that are so big and so central to the entire economy of the whole world that there is nothing anyone can do to punish criminal activity and specifically refers to HSBC, a multinational banking conglomerate that laundered money for Mexican drug cartels and conducted business on behalf Iran and Sudan in spite of international sanctions. My, that sounds fun! READ MORE »

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