The Power and Greed Pyramid

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(December 2012)

Outrageous HSBC Settlement Proves the Drug War is a Joke” says Matt Taibbi of the Rolling Stone. He leads with “If you’ve ever been arrested on a drug charge, if you’ve ever spent even a day in jail for having a stem of marijuana in your pocket or “drug paraphernalia” in your gym bag, Assistant Attorney General and longtime Bill Clinton pal Lanny Breuer has a message for you: Bite me.” Taibbi is refreshingly direct. Please read his article.

The settlement shows, in my opinion:

  • The excuse was “Criminal prosecution might topple the bank and endanger the financial system.” If that is true (doubtful) in what condition is our financial system, even after $Trillions of bailouts? If it is not true, what does that say about the “rule of law” and corruption at the top?
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