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Outrageous HSBC Settlement Proves the Drug War is a Joke
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El acuerdo billonario entre Lanny Breuer y el departamento de justicia con el gigante HSBC hicieron oficial la generalizada opinión de que la lucha contra las drogas es un chiste.(resumen) If you've ever been arrested on a drug charge, if you've ever spent even a day in...
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Outrageous HSBC Settlement Proves the Drug War is a Joke

Matt Taibbi, RollingStone

Jueves 13 de diciembre de 2012 (19/12/12)





El acuerdo billonario entre Lanny Breuer y el departamento de justicia con el gigante HSBC hicieron oficial la generalizada opinión de que la lucha contra las drogas es un chiste.(resumen)

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.

[Fragmento]

This is the disgrace to end all disgraces. It doesn't even make any sense. There is no reason why the Justice Department couldn't have snatched up everybody at HSBC involved with the trafficking, prosecuted them criminally, and worked with banking regulators to make sure that the bank survived the transition to new management. As it is, HSBC has had to replace virtually all of its senior management. The guilty parties were apparently not so important to the stability of the world economy that they all had to be left at their desks.

So there is absolutely no reason they couldn't all face criminal penalties. That they are not being prosecuted is cowardice and pure corruption, nothing else. And by approving this settlement, Breuer removed the government's moral authority to prosecute anyone for any other drug offense. Not that most people didn't already know that the drug war is a joke, but this makes it official.



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