Long History of HSBC Money LaunderingJames Hall, Contributor Published in the Globe and Mail account, HSBC failed to control drug-money laundering, Senate finds, indicates the political nature of this investigation. Sending executives to prison has far more deterrent value that bringing a company down, since many will argue that employees who had nothing to do with the criminal activity would also be harmed. The muckraker Matt Taibbi gives a sober overview in a video that deserves watching, After Laundering $800 Million in Drug Money. His observations parallel that of Mr. Fraser. The risk of going to jail for managing the enormous sums from the illicit drug trade is small, when governments are beholden to the banking cabals, which control the apparatus of fiat money. Once a drug launderer, it is an easy step to institutionalized money laundering. Now watch the interview with Jeffrey Robinson on HSBC fine for money-laundering. Mr. Robinsons appraisal rings similar with that of Fraser and Taibbi. This picture becomes clearer as more information becomes available. Even the establishment journal The Economist must conclude that Too big to jail is the reality in the world of international banking. The HSBCs of this world are dirty participants in the real drug triangle; namely, drug traffickers, crooked government elements and complicit moneychangers. Original article archived here James Hall is a reformed, former political operative. This pundits formal instruction in History, Philosophy and Political Science served as training for activism, on the staff of several politicians and in many campaigns. A believer in authentic Public Service, independent business interests were pursued in the private sector. Speculation in markets, and international business investments, allowed for extensive travel and a world view for commerce. Hall is the publisher of BREAKING ALL THE RULES. Contact batr@batr.org 