To: President Donald Trump
No "Too Big to Jail"
Laws are not just for the powerless, but for the powerful. Otherwise, our economy and civilization will become more and more corrupt, and most of us will become, yet again, victims of global banking greed, and perhaps even terrorism or drug violence.
Why is this important?
On December 11, the Justice Department announced a settlement, or "deferred prosecution agreement," that it had reached with HSBC, a large global bank. It was implicated in over $800 million of money laundering for international drug cartels and $600 million in transactions that violated U.S. sanctions against Iran and other nations, HSBC has become the latest big bank to avoid prosecution.