Bill Black: HSBC Violates its Sweetheart Deal and Loretta Lynch Praises It


Naked Capitalism has the article Bill Black: HSBC Violates its Sweetheart Deal and Loretta Lynch Praises It.

There can be no more incriminating indictment of the Nation’s leading federal prosecutors than the fact that even the sycophantic DealBook admits that on Holder and Lynch’s watch a “pattern” of recurrent frauds by our most elite CEOs has emerged – and those frauds commonly involve profiting from the banks aiding the funding of mass murderers. The administration has managed to turn into reality all those bad novels they sell in airport book stores that describe networks of criminal elite bankers financing terrorists, drug gangs, and venal and brutal kleptocrats with impunity from the laws.

What is it going to take to make progressive Senators wake up to the fact that Loretta Lynch is an awful choice to replace Eric Holder as Attorney General?  The Republicans are dong us a favor by not allowing a vote on her nomination.  Of course, it would be a big favor if it weren’t for the fact that Holder stays in office as long as Lynch is not confirmed.

I would expect that at least Elizabeth Warren would be sounding the alarm bells.  She seems strangely silent about an issue that is in her area of expertise.

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