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Related: About this forumMatt Taibbi: Laundering $800 Million in Drug Money, How Did HSBC Executives Avoid Jail? Matt Taibbi
http://laborspains.blogspot.com/2012/12/matt-taibbi-after-laundering-800.htmlAldoLeopold
(617 posts)Knows some people who know about this - and it ain't over yet.
russspeakeasy
(6,539 posts)The DOJ needs an attitude adjustment.
teddy51
(3,491 posts)russspeakeasy
(6,539 posts)teddy51
(3,491 posts)focused on anything that does not benefit the American people. They filed an emergency injunction to uphold the NDAA bill to hold US citizens without charge for no given time.
http://reason.com/blog/2012/09/17/the-department-of-justice-ndaa
1StrongBlackMan
(31,849 posts)with Matt on this is, no one was indicted.
He is completely off base in calling for "high-level" indictments because that would be incredibly difficult to prove their involvement. What we we get is a bunch of (much) lower level employees indicted. To which, Matt will complain that these employees were sacrifical lambs.
I think the solution, though, might be in these fines AND lower level indictments, but only after passage of a financial irregularities whistle-blower protection act, that is strong and protective enough that these lower level employees can refuse to engage in the illegal conduct and whistle-blow, if retaliated against.
geefloyd46
(1,939 posts)Instead we leave them alone and hope they won't do it again. That's not much of a disincentive from doing it again though.
1StrongBlackMan
(31,849 posts)"leave them alone and hope they won't do it again." I said enact a strong Financial Misconduct Whistle-Blower law, then prosecute the low-level managers that L/E can prove cases on ... and prosecute those directors that retaliate against those managers that whistle-blow.
Eventually, there won't be enough soldiers willing to charge up the misconduct hill.
Angry Dragon
(36,693 posts)they are in charge and charges should be brought against them
If they are not in charge then they should not get the big bucks
The buck stops at the top .......... they need to take responsibility
geefloyd46
(1,939 posts)if we do nothing. That is like telling people please steal again.
1StrongBlackMan
(31,849 posts)But not the way the law works.