A U.S. Senate investigation released last month found that the bank HSBC helped Iranian banks skirt American trade sanctions and Mexican drug lords launder money.
They also did business with a Saudi bank tied to the 9/11 — after the attack.
The kicker is that not one person is going to jail.
Under U.S. law, “aiding and abetting terrorists,” state or non-state actors, is a felony and punishable with significant prison time. Yet, official conclusions were that HSBC was simply “too big to prosecute.”
So they got a fine instead.
“1.9 billion dollars,” says Jon Stewart, “wow, I mean that’s going to take them … weeks … to pay down.”
Here’s the clip:
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