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explain the abandonment of the Rule of Law, refusing to hold HBSC officers personally responsible for their crimes

Created by R.B. on December 13, 2012

HSBC recently admitted that its executives essentially knew drug cartels in Mexico were using its branches to launder hundreds of millions of dollars through the U.S and definitely knew its international staff had stripped identifying information on transactions through the U.S. from countries including Iran and Sudan in order to evade sanctions, yet no one goes to jail. Instead the Obama Administration's Department of Justice accepted a penalty of one month's worth of the bank's profits. Concerns about whether a criminal enterprise or one of its conspirators, which HBSC was, may eliminate jobs if criminally indicted and prosecuted should not be grounds for abandoning the Rule of Law, one of our nation's fundamental constitutional principles.

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