<div dir="ltr"><br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Dante-Gabryell Monson</b> <span dir="ltr"><<a href="mailto:dante.monson@gmail.com">dante.monson@gmail.com</a>></span><br>
Date: Mon, May 27, 2013 at 8:41 AM<br>Subject: Rolling Stone Article : HSBC Settlement Proves the Drug War is a Joke By MATT TAIBBI<br>To: <a href="mailto:econowmix@googlegroups.com">econowmix@googlegroups.com</a>, <a href="mailto:agile-vortex@googlegroups.com">agile-vortex@googlegroups.com</a><br>
<br><br><p style="line-height:1.467em;color:rgb(32,32,32);font-size:15px;font-family:georgia;margin:0px 0px 1em;padding:0px"><a href="http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213" target="_blank">http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213</a></p>
<p style="line-height:1.467em;color:rgb(32,32,32);font-size:15px;font-family:georgia;margin:0px 0px 1em;padding:0px"></p><div style="line-height:17px;text-align:center;font-size:13px;overflow:hidden;width:613px;margin:0px;padding:0px;background-repeat:no-repeat no-repeat">
<div style="margin:0px;padding:0px;float:left;width:402.125px"><div style="margin:0px;padding:0px 1em 0px 0px"><h1 style="margin:0px 0px 6px;padding:0px;font-family:Georgia,Times,serif;font-weight:normal;font-size:32px;line-height:36px;float:left;width:595px">
<span style="margin:0px;padding:0px">HSBC Settlement Proves the Drug War is a Joke</span></h1></div></div></div><p style="line-height:1.467em;letter-spacing:1px;text-align:center;text-transform:uppercase;font-size:10px;font-family:Tahoma,Verdana,sans-serif;margin:4px 0px 0px;padding:0px">
</p><div style="line-height:normal;text-align:center;font-size:16px;font-family:Georgia,Times,serif;margin:0px 0px 3px;padding:0px"><i style="margin:0px;padding:0px">By</i>�<a href="http://www.rollingstone.com/contributor/" rel="author" style="letter-spacing:1px;text-transform:uppercase;background-color:transparent;text-decoration:none;margin:0px;font-weight:bold!important;padding:0px" target="_blank">MATT TAIBBI</a></div>
<p></p><p style="line-height:1.467em;color:rgb(32,32,32);font-size:15px;font-family:georgia;margin:0px 0px 1em;padding:0px">excerpted :</p><p style="line-height:1.467em;color:rgb(32,32,32);font-size:15px;font-family:georgia;margin:0px 0px 1em;padding:0px">
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�<i style="margin:0px;padding:0px">New York Times</i>�put it this way:</p>
<blockquote style="line-height:17px;color:rgb(102,102,102);font-size:13px;font-style:italic;font-family:Georgia,'Times New Roman',Times,serif;margin:0px 0px 1em 1.6em;padding:0px">
<p style="margin:0px 0px 1em;padding:0px;line-height:1.467em;font-size:15px">Federal and state authorities have<a href="http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/?ref=business" style="margin:0px;padding:0px;color:rgb(0,66,118);background-color:transparent;text-decoration:none;font-weight:bold;background-repeat:initial initial" target="_blank">�chosen not to indict</a>�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.</p>
<div><br></div></blockquote>
</div><br><br clear="all"><br>-- <br>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a>� - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br>
<br><a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank"></a>Updates: <a href="http://twitter.com/mbauwens" target="_blank">http://twitter.com/mbauwens</a>; <a href="http://www.facebook.com/mbauwens" target="_blank">http://www.facebook.com/mbauwens</a><br>
<br>#82 on the (En)Rich list: <a href="http://enrichlist.org/the-complete-list/" target="_blank">http://enrichlist.org/the-complete-list/</a> <br>
</div>