---------- Forwarded message ---------- From: Dante-Gabryell Monson <[email protected]> Date: Mon, May 27, 2013 at 8:41 AM Subject: Rolling Stone Article : HSBC Settlement Proves the Drug War is a Joke By MATT TAIBBI To: [email protected], [email protected] http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settleme... HSBC Settlement Proves the Drug War is a Joke *By* MATT TAIBBI <http://www.rollingstone.com/contributor/> excerpted : Though this was not stated explicitly, the government's rationale in not pursuing criminal prosecutions against the bank was apparently rooted in concerns that putting executives from a "systemically important institution" in jail for drug laundering would threaten the stability of the financial system. The *New York Times* put it this way: Federal and state authorities have chosen not to indict<http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?ref=business> HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. -- P2P Foundation: http://p2pfoundation.net - http://blog.p2pfoundation.net <http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation>Updates: http://twitter.com/mbauwens; http://www.facebook.com/mbauwens #82 on the (En)Rich list: http://enrichlist.org/the-complete-list/