United States Senator Charles Grassley (R – Iowa) and Bloomberg Contributing Editor Neil Barofsky talk with Bloomberg Law’s Lee Pacchia about HSBC’s recent settlement with US authorities over claims the bank engaged in money laundering for drug cartels and terrorist organizations. Grassley is the ranking Republican on the Senate Judiciary Committee.


Bloomberg Law, Published on Dec 19, 2012

Category: Legal, Video

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

6 Responses to “Grassley: HSBC Should Face Criminal Charges”

  1. Joe_in_Indiana says:

    They laundered Billions of dollars for Drug Cartels AND Real Terrorists. How many innocents were killed for that money? Since they are part of the chain of the continuing felony, why are they not CHARGED WITH MURDER?

    They only get fined(taxed) approximately 8% of one year’s profits and please don’t do it again.

    One more point. Since the DOJ has refused to prosecute, the blood of the victims are on their hands also.

  2. genesis315 says:

    How does an open and shut criminal case not end up with criminal prosecution? THIS is not even remotely close to real capitalism.

  3. foss says:

    you haven’t written a thing on this topic, BR.

    I’ve been disappointed that you haven’t put out your take.

    Maybe you agree with Felix.

    http://blogs.reuters.com/felix-salmon/2012/12/13/why-the-us-didnt-prosecute-hsbc/

    I sure hope not – his piece and your lack of response to it’s inherent awfulness were all too telling of our current culture of exhaustion with banking theft, larceny, graft, and murder. Yes, they too have blood on their hands, they just get off by paying out of shareholder profits.

  4. arthurcutten says:

    OMG foss.

    Thanks Barry, for all that you do.

  5. MidlifeNocrisis says:

    I never thought I would live long enough to agree with something said by Senator Chuck ‘Death Panel’ Grassley…….. but here it is. Amazing.

  6. Moss says:

    Should but won’t. That is why they admitted, and settled. All part of the broader conspiracy regarding the complete lack of enforcement against the global banking cartel.