{"id":24082,"date":"2012-12-31T12:00:17","date_gmt":"2012-12-31T12:00:17","guid":{"rendered":"http:\/\/www.transcend.org\/tms\/?p=24082"},"modified":"2012-12-31T12:01:08","modified_gmt":"2012-12-31T12:01:08","slug":"matt-taibbi-how-did-hsbc-executives-avoid-jail","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2012\/12\/matt-taibbi-how-did-hsbc-executives-avoid-jail\/","title":{"rendered":"Matt Taibbi: How Did HSBC Executives Avoid Jail?"},"content":{"rendered":"<p><i>13 Dec 2012<b> &#8211;<\/b><\/i>The banking giant HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. Despite evidence of wrongdoing, the U.S. Department of Justice has allowed the bank to avoid prosecution and pay a $1.9 billion fine. No top HSBC officials will face charges, either. We&#8217;re joined by Rolling Stone Contributing Editor Matt Taibbi, author of &#8220;Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History.&#8221;<\/p>\n<p>Taibbi says. &#8220;Here we have a bank that laundered $800 million dollars of drug money and they can&#8217;t find a way to put anybody in jail for that? That sends an incredible message, not just to the financial sector, but to everybody. It&#8217;s an obvious, clear double standard where one set of people gets to break the rules as much as they want and another set of people can&#8217;t break any rules at all without going to jail.&#8221;<\/p>\n<p>httpv:\/\/www.youtube.com\/watch?v=K800WHFqy1g<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The banking giant HSBC has escaped indictment for laundering billions of dollars for Mexican drug cartels and groups linked to al-Qaeda. Taibbi says. &#8220;Here we have a bank that laundered $800 million dollars of drug money and they can&#8217;t find a way to put anybody in jail for that? That sends an incredible message, not just to the financial sector, but to everybody. It&#8217;s an obvious, clear double standard where one set of people gets to break the rules as much as they want and another set of people can&#8217;t break any rules at all without going to jail.&#8221;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"class_list":["post-24082","post","type-post","status-publish","format-standard","hentry","category-short-video-clips"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/24082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=24082"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/24082\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=24082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=24082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=24082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}