- Too Big to Jail: Big Banks Can Finance Terrorists and Walk Away Scot-Free - December 13, 2012
The New York Times reports this week that mega-bank 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. The Times quotes anonymous government sources who confessed fears about bringing formal charges because doing so would[...]
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