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The American Empire in a Changing World



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Sunday, July 22, 2012

''Bare-faced bankers should be treated as criminals: prosecuted and imprisoned''

From The Guardian
By Charles Ferguson

''This week evidence emerged that HSBC abetted massive money laundering by Iran, terrorist organisations, drug cartels and organised criminals. By this point, should this surprise us? Selling defective mortgage securities during the housing bubble; creating and selling securities to bet on their failure; bringing the world to the brink of collapse; colluding to manipulate interest rates; hyping your failing company while secretly selling your own stock; cooking the books; assisting Bernard Madoff.''

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