HSBC Settlement Proves the War on Drugs is a Joke

Discussion in 'Current Affairs, News and Analysis' started by Grubby Bum III, Dec 16, 2012.

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  1. Apologies if this has been covered before - I've been away for the last few weeks:

    Outrageous HSBC Settlement Proves the Drug War is a Joke

    Read more: Outrageous HSBC Settlement Proves the Drug War is a Joke | | Rolling Stone
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    Given that this appears to be accurate reporting (it has been covered similarly by other elements of the media), can we put any confidence in any of our authorities any more. Discuss.
  2. No we cannot trust authority. We cannot trust judiciary. Public inquiries are a joke. Police are state lackeys in uniform. Basically Gypsies have always had a more realistic take (so to speak) on things than the majority population.
  3. mercurydancer

    mercurydancer LE Book Reviewer

    You can have total confidence in the authorities to protect you if you are a banker.

    HSBC clearly laundered drug money. So how are you going to prosecute for this? Do you single out individuals? Fair enough, but who? Is it the bank clerk at the desk who is faced with dodgy Manuel with 50 kg of well used banknotes of almost every currency there is, wishing to make a deposit? OK so lock the bank clerk up. Who next? The actual notes are going to be rather tainted, and again obviously dodgy, so does the bank manager go to jail? Perhaps. OK now in the regional offices, huge transactions are being made in cash, not other forms of money transfer. They get authorised. Should the regional manager go to jail? And so on up the chain.

    Would it hurt the US economy to criminally prosecute HSBC? At any level? Definitely, which is why it did not happen.

    Much to Mr Obama's credit, at least these things are being brought to the surface. Cameron, also not being completely stupid, can do no other than accept what is happening, and to his credit, has considered some kind of clearing the decks himself, albeit too little and too late.

    Trebles all round in Canary Wharf tonight.