Outrageous HSBC Settlement Proves the Drug War is a Joke

If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.

Breuer this week signed off on a settlement deal with the British banking giant HSBC that is the ultimate insult to every ordinary person who’s ever had his life altered by a narcotics charge. Despite the fact that HSBC admitted to laundering billions of dollars for Colombian and Mexican drug cartels (among others) and violating a host of important banking laws (from the Bank Secrecy Act to the Trading With the Enemy Act), Breuer and his Justice Department elected not to pursue criminal prosecutions of the bank, opting instead for a “record” financial settlement of $1.9 billion, which as one analyst noted is about five weeks of income for the bank.

The banks’ laundering transactions were so brazen that the NSA probably could have spotted them from space. Breuer admitted that drug dealers would sometimes come to HSBC’s Mexican branches and “deposit hundreds of thousands of dollars in cash, in a single day, into a single account, using boxes designed to fit the precise dimensions of the teller windows.”

– Read the entire article at Rolling Stone Magazine.

Comments

6 Comments

  1. Anonymous on

    Here’s my theory;
    These them dare drug-war-warriors are bullies who don’t get to take home any of the fruit produced by their labors because it’s not that portable. So the question is how do they get portability for their efforts?

    Well they get their ego’s stroked by those who acknowledge the power held over them. Acknowledgment is tangible to bullies and so they are able wrap their egos in it for transport to their lairs like trophies.

    In a nut-shell folks, that’s why Chris Williams faces 80 years while these repenters who pay homage to the bully get a pass!

  2. Anonymous on

    Perhaps the next person to end up in court should suggest that they not serve and jail time and only pay a fine equal to 5 weeks income. Use this a a precedent setting case and consider suing for discrimination if they don’t comply. I’m no lawyer but i’m sure there are a few who could make this work!

  3. Bud Grinder on

    Goddamned ignorant, mercenary drug warrior thugs. I’m sure there’s a very special corner of hell reserved for ALL of them.

  4. reggaesmoker on

    Pass a joint and u get 3mths in jail. Launder money for drug cartels and the government will just take a cut.

    The rule of law no longer exists………………..

  5. Gimpy on

    Go on to read the entire article in Rolling Stone magazine and read why to understand my comment.

    If all those low lifes died in a plane crash tomorrow, would the world banks collapse?

    I think not. There are many pink men around to take thier place at the trough.

    A pathetic sad joke indeed.

  6. Anonymous UK on

    If you can pay off your indiscretions this way maybe we could all bribe the government with tax. If legal cultivation takes off the price of weed should drop to something like $20 an ounce. If you slap 100$ tax on that we are still much better off (by at least $100) and we have a safer regulated supply – no running out or getting ripped off or worse. Marijuana consumers can make $ 1.9 billion look like small change. Would you like a piece of that Mr Breuer, Mr Obama ?