Gangster Bankers: Too Big to Jail ! How HSBC Hooked Up with Drug Traffickers and Terrorists. And Got Away with It !

• Gangster Bankers: Too Big to Jail ! 
  by Matt Taibbi, http://www.rollingstone.com/ 
  How HSBC hooked up with drug traffickers and terrorists. And got away with it
  The  deal was announced quietly, just before the holidays, almost like the government  was hoping people were too busy hanging stockings by the fireplace to notice.  Flooring politicians, lawyers and investigators all over the world, the U.S.  Justice Department granted a total walk to executives of the British-based bank  HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they  issued a fine – $1.9 billion, or about five weeks’ profit – but they didn’t  extract so much as one dollar or one day in jail from any individual, despite a  decade of stupefying abuses.
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  People may have outrage fatigue about Wall Street, and more stories about  billionaire greedheads getting away with more stealing often cease to amaze. But  the HSBC case went miles beyond the usual paper-pushing, keypad-punching­ sort-of crime, committed by geeks in ties, normally associated­ with Wall  Street. In this case, the bank literally got away with murder – well, aiding and  abetting it, anyway.
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  Daily Beast: HSBC Report Should Result in Prosecutions, Not Just  Fines, Say Critics
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  For at least half a decade, the storied British colonial banking power helped  to wash hundreds of millions of dollars for drug mobs, including Mexico’s  Sinaloa drug cartel, suspected in tens of thousands of murders just in the past  10 years – people so totally evil, jokes former New York Attorney General Eliot  Spitzer, that “they make the guys on Wall Street look good.” The bank also moved  money for organizations linked to Al Qaeda and Hezbollah, and for Russian  gangsters; helped countries like Iran, the Sudan and North Korea evade  sanctions; and, in between helping murderers and terrorists and rogue states,  aided countless common tax cheats in hiding their cash.
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  “They violated every goddamn law in the book,” says Jack Blum, an attorney  and former Senate investigator who headed a major bribery investigation against  Lockheed in the 1970s that led to the passage of the Foreign Corrupt Practices  Act. “They took every imaginable form of illegal and illicit business.”
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