Skip to comments.Scandal-plagued HSBC shopped Congress for favors
Posted on 07/29/2012 4:05:09 PM PDT by Steve Peacock
No officials offer to return bank's blood money
The fallout from the HSBC money laundering scandal continues to reverberate around the globe, but U.S. Congress members apparently are in no hurry to return millions of dollars they have received from the scandal-plagued bank.
WND, which originally broke the story on the HSBC debacle, conducted an analysis of Federal Election Commission records specific to the company political action committees generosity toward Congress. The investigation centered upon two congressional panels with primary oversight of the industry: The Senate Committee on Banking, Housing & Urban Affairs, and the House Committee on Financial Services.
Since 1997, the earliest available FEC electronic records, HSBC bestowed its greatest beneficence upon the House panels leadership.
The banks direct contributions to individual leaders amounted to hundreds of thousands; however, HSBCs financial support of the American Bankers Association PAC, or BANKPAC plus many dozens of other financial, insurance, and law firm PACs for which HSBC provides funding in turn donated millions of dollars to a handful of key members.
(Excerpt) Read more at wnd.com ...
Please note: I am not saying corruption of any kind is acceptable; it's just that we have seen far worse corruption than this and it simply fades away.
For one thing HSBC knowingly laundered Billions of dollars for the Mexican cartels. The fine HSBC paid is a billion, if that clues you to the amount they laundered.
Then they take drug money and buy politicians to make sure the drug miney keeps rolling in. Oh,, and this doper bank got 3 billion from TARP by way of AIG. Your Fed, doing what it does best in secret.
So basically,,, the British bank, that was formed to facilitate flooding China with Opium over a century ago is back in the dope dusiness. They were money laundering bank, for the Mexican cartels, and got TARP money from the USA via AIG.
Oh, and they funnel newly laundered dope cash to US politicians in theform of contributions. International banking SURE is fun!
Is it any wonder that our nation gets screwed at every turn. Our leaders hold loyalty to their British international financiers, who are first loyal to their cartel customers.
Look, we cannot have a War on Drugs without Drugs, that means we have to keep the business going which means Big Money for everybody, That is why we will NEVER close the Border with Mexico, 84% of All Illegal Drugs come from the Southern Border. Afghanistan has been the largest producer of Opium in the world for ever, and currently produce over 90% of the worlds Opium. Has anyone noticed the Heroin Addiction sweeping the Nation since we went there?? Let us not forget that Every Major Financial Institution in the US has been found guilty of laundering Hundreds of Billions of dollars and paid a very small fine as a result. see Market-ticker.org. So get over it already We need the War on Drugs, it is how we get wealthy and stay in power.
arasina: Some of the other commenters summed it up well, so I won’t be (too) redundant. I’m not describing the donations as scandalous — indeed, they are completely legal, albeit in an unethical way — but was referring to the recent Senate investigation into HSBC, during which they were exposed for laundering funds for drug cartels, terrorist, etc.
The other posters answered my questions quite well, as did you. Thank you.