AG Eric Holder prosecuted few if any bankgangsters.
Now AG nominee Loretta Lynch turns out to have shielded yet another set of bankgangsters from prosecution:
Barack Obama’s nominee for attorney general, Loretta Lynch, has warned that HSBC could be prosecuted over tax evasion connected to its Swiss subsidiary, despite the controversial agreement she negotiated with the bank two years ago.
In her first remarks since the Guardian and other media obtained a huge cache of leaked data from HSBC Switzerland, Lynch said the Department of Justice would not be constrained from bringing tax evasion charges against the bank if there were sufficient evidence.
The leaked files from HSBC’s Swiss subsidiary show how the bank colluded with some clients to conceal billions of assets from domestic tax authorities across the world. Lynch, who has yet to be confirmed by the Senate, is under pressure to explain what action the DoJ has taken since obtaining the data leak five years ago.
Lynch said in a letter to the Republican chairman of the Senate judiciary committee, Chuck Grassley, that the deal she reached with HSBC in 2012 “does not provide [the bank] any protection against prosecution for conduct” outside of the terms of that settlement, which was specifically about money-laundering and sanctions breaches.
http://www.theguardian.com/news/2015/feb/10/hsbc-tax-files-loretta-lynch-prosecution
So, she's saying they COULD be prosecuted but she somehow decided not to.
If confirmed, she would be Eric Holder in a dress.
By the way, did the fact that a number of people the bank helped evade taxes were big contributors to Hillary Rodham (a.k.a. Clinton to some of you) have anything to do with the failure to prosecute?
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