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The regulators’ excuse for not taking more severe action against HSBC was that Holder’s Justice Department failed to move a criminal case and therefore their hands were tied. Only after a criminal conviction was secured could Treasury move to take away HSBC’s charter. The reality is, of course, that Under Secretary for Terrorism and Financial Intelligence David Cohen has a few covert reason to be soft on HSBC having worked for the same law firm that HSBC’s current Chief Legal Officer Stuart Levey worked for – Miller, Cassidy, Larroca & Lewin LLP. One big happy family. What’s a little drug money laundering among colleagues? I am sure Mr. Cohen was dying to really punish HSBC regardless of the consequences to future career prospects.
Originally posted by bjax9er
this was posted awhile ago.
don't be fooled.
she is a wall street lawyer, who oversaw the tarp bailout.
and she is a lying sack of you know what...
yes here it is
abovetopsecret.comedit on 9-3-2013 by bjax9er because: link