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The ones that got away

25 February 2014

Via FAIR (Fairness and Accuracy in Reporting):

…while the only questions regarding [Chapo] Guzman’s prosecution appear to be where and when, things were different when it came to prosecuting the institution that supported what Immigration and Customs Enforcement Director John Morton called “the lifeblood of their operations.”

imagesThe DOJ “stopped short of indicting HSBC,” as the New York Times phrased it (3/1/13) because, according to Justice Department prosecutor Lanny Breuer, there were other considerations:

Had the US authorities decided to press criminal charges, HSBC would certainly have lost its banking license in the US, the future of the institution would have been under threat and the entire banking system would have been destabilized.

Judging by coverage, media bought that line

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