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« Update: Daily Bail To Resume Normal Publishing Today | Main | "It's Time To Close The National Money Hole" »
Friday
Dec212012

Matt Taibbi: 'Even People On Wall Street Were Blown Away By The Result'

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.

Broadcast Dec. 14, 2012.

'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?’"

---

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'

 

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Reader Comments (16)

DHS orders 1.4 billion rounds of ammo, Militarized cops, FEMA camps. Yup, when the implications of no rule of law sink in our overlords are going to need them!
Dec 20, 2012 at 1:15 PM | Unregistered Commenterehswan
It's an absolute travesty that the American doj doesn't have the balls necessary to indict and jail this nefarious, infectious behavior. I believe another reason prosecution wasn't sought was because the big guys would have rolled over on everyone else doing this disgusting business thereby quite possibly exposing America's own Congress and Senate for doing the same thing. I've seen people calling for violence against the banksters, which isn't a bad idea I guess, but imho withdrawing your funds and shutting your accounts down would be a greater remedy. Starve the beasts from multiple directions.

I don't get it anymore. America used to seem to be a great place, but now is a wallowing, hypocritical, heretical pig. This is the icing on the cake to the downfall of lady liberty. What an absolute fucking joke!

60 trillion is suspicious transactions go "unnoticed" but Spitzer get snooped out by the same freaking bank with three $10,000 transactions to a front company for a call girl service.

So why can't the ndaa be turned around on the same people that designed it? It makes perfect sense to me and would be a step in the right direction especially considering what kind of precedence had just been set with this traitorous ruling!
Dec 20, 2012 at 2:18 PM | Unregistered Commenterlady liberty is dead
IT WAS ALL A MASONIC PLAN FROM THE BEGINNING.

"Congress shall legislate in ALL cases whatsoever"

"The Constitution of the United States was changed to Uniform Commerce Code (UCC) in 1937 under FDR" and ALL LAWYERS KNOW THIS!

"our only hope is in the Proles"--George Orwell, 1984
Dec 20, 2012 at 6:14 PM | Unregistered Commenterel
History Pop Quiz

What's the source?

"But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security."
Dec 21, 2012 at 3:55 AM | Unregistered CommenterTR
"What's the source?"

Declaration of Independence

As far as I'm concerned this guy is the best news journalist in the country.
Here is a correct interpretation of the Second Amendment to the Constitution of the United States.
You won't hear about this from any of the MSM bobbleheads.

http://www.fox19.com/story/20399062/the-very-politically-incorrect-truth-about-the-second-amendment
Dec 21, 2012 at 7:24 PM | Unregistered CommenterSagebrush
Merry Christmas! (Yup I said Merry Christmas...offended? Sue me LOL)

It is confirmed that Attorney Glenn Russell will be discussing securitization fraud and other things tomorrow 12/23 at 1:00 EST.

All the programs are archived so you can listen anytime.

http://www.blogtalkradio.com/senka/2012/12/23/attorney-glenn-russell

Borrowers ARE Essential Parties to Securitized Mortgages
Dec 22, 2012 at 11:44 AM | Unregistered Commenterchunga
What the country needs is a 'middle-class mafia' to intervene on their behalf.
Dec 23, 2012 at 10:34 AM | Unregistered Commenterchiller
Check out Boon Dock Saints.
Dec 23, 2012 at 3:04 PM | Unregistered CommenterSKINFLINT
Merry Christmas Chunga and everyone!

New Study Finds Democrats Fully to Blame for Subprime Mortgage Crisis that Caused 2008 Financial Disaster

http://www.thegatewaypundit.com/2012/12/new-study-finds-democrats-fully-to-blame-for-subprime-mortgage-crisis-that-caused-financial-collapse/

Weighing the Consequences of a Money Fund Overhaul

http://dealbook.nytimes.com/2012/12/21/weighing-the-consequences-of-a-money-fund-overhaul/

Flashback on Money Funds

More Cronyism NY Slimes doesn't mention that Aguilar is a Democrat

A Regulator’s Key Role in Failed Mutual Fund Reform

http://www.nytimes.com/2012/08/27/business/luis-aguilar-sec-member-role-failed-mutual-fund-reform.html?_r=1


Wall Street Gets Its Way in Washington

http://www.bloomberg.com/news/2012-08-23/a-case-study-in-wall-street-getting-its-way-in-washington.html

Money Funds Step Up Fight --- Fidelity and Others Have Dedicated More Lobbyists to Beating Back SEC Rules

http://iwidget.infodesk.com/infodisplay/story/fac073120120313091214.html?APP=5&CU=iwi9538

Your Money Market Fund May Not Survive The Next Wall Street Panic

http://www.forbes.com/sites/billsinger/2012/06/22/your-money-market-fund-may-not-survive-the-next-wall-street-panic/
Dec 23, 2012 at 5:54 PM | Unregistered CommenterLadyLiberty
Aesop had a saying about this.


Merry Christmas everyone!!!
Dec 25, 2012 at 2:40 AM | Unregistered CommenterS. Gompers
Merry Christmas Gomp, DB, Cheyenne, Howard, LL, John, Canuck. STR8 and all the other DBers. Thanks so much for the education and conversation and mind bending. Always appreciated.
Dec 25, 2012 at 7:17 PM | Unregistered CommenterSKINFLINT
Happy Holidays and best wishes for the new year to everyone!


I would like to extend a really special thanks for service above and beyond the call of duty to a few here:

Steve: for the DB and his tireless efforts.

Cheyenne: for his work on behalf of all of us:

Dr. Pitchfork: for his contributions here at the DB and elsewhere.

Chunga: for outstanding behind the scenes efforts regarding foreclosures and his assistance to others.

Gomp: for his outstanding service here and elsewhere.

JTS: it's been awhile and special wishes to you.

Canuck: for the Ron Paul thingy ;), and keeping things colorful.

Lady Liberty: for her outstanding research and commentary.

Skinflint: for hanging in there with the rest of us.

Dar: for keeping things colorful, hanging in there and making aviation history!

Everyone: who reads or links/posts stories from the DB elsewhere and those I may have missed.

And finally...

Barbara: who joined the team and has written absolutely dynamite stuff. Her work goes above and beyond the call both here and elsewhere. She is one tenacious and outstanding lady. My very special thanks are extended to her and family!


john
Dec 26, 2012 at 8:08 AM | Unregistered Commenterjohn
:-)

Hi all, just to let everyone know - Glenn Russell had an emergency pop up and has agreed to reschedule his appearance on Senka Live Radio.

Meanwhile, the investigation regarding the Sunny Sheu tragedy is ongoing. Will Galison was on the program yesterday and it's archived at the link below.

I get angry every time I think about this. Strange that neither the Chinese nor Taiwanese Embassies returned any emails or phone calls.

http://www.blogtalkradio.com/senka/2012/12/24/the-murder-of-sunny-sheu-what-would-you-do-for-your-friend
Dec 26, 2012 at 10:19 AM | Unregistered Commenterchunga
Happy New Years everyone!!!
Jan 1, 2013 at 12:00 AM | Unregistered CommenterS. Gompers
Jan 2, 2013 at 5:16 AM | Unregistered CommenterTR
Jan 2, 2013 at 4:11 PM | Unregistered CommenterSKINFLINT

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