Search Results for: hsbc

How Dare DOJ Insult HSBC’s Crooks as Less “Professional” than Liberty Reserve’s Crooks?

By William K. Black Standard Chartered and HSBC’s leaders must be doubly humiliated by the description by Mythili Raman, the acting head of the U.S. Department of Justice’s (DOJ) Criminal Division, of Liberty Reserve’s money laundering operation.  UK laws are, … Continue reading

Did Obama and Cameron require HSBC to aid the prosecution of Tax Frauds?

By William K. Black (Cross posted at Benzinga.com) I have explained in prior columns that HSBC is not only a criminal enterprise, but also a recidivist of epic proportions.  The U.S. and the U.K. have refused to prosecute not only … Continue reading

Why did Obama and Cameron save a Criminal Enterprise like HSBC?

By William K. Black Why is HSBC still in operation?  On the same day (December 10, 2012) that the Obama administration leaked the story of the HSBC settlement a story ran in the New York Times that was full of … Continue reading

How NPR Was Conned by Geithner into Censoring My Criticisms

By William K. Black San Francisco, CA:  November 23, 2014 In December 2013 NPR interviewed me about one the great disgraces of the Obama administration – its refusal to prosecute either the officers or HSBC for laundering roughly $1 billion … Continue reading

Standard Chartered Is Outraged That It Is Treated Like A Criminal For Its Criminal Acts

By William K. Black After a decade of committing tens of thousands of felonies that the U.S. government believes helped fund terrorism and Iran’s development of nuclear weapons, having the great fortune of settling the cases without any senior officers … Continue reading

Roger Cohen’s Ode to Colonialism and Imperialism: Why is it “Insidious” to Want Justice for Banksters?

By William K. Black In another proof of our family rule that it is impossible to compete with unintentional self-parody, Roger Cohen has penned “The Great Unraveling.”  What makes the article perfect is that it brings together Cohen’s worst traits … Continue reading

TRUSTEE BANKS SUED FOR $250 BILLION

By L. Randall Wray Here’s another story in the continuing saga of Bankster fraud. As I’ve argued since 2008, it is likely that all—or nearly all–of the residential mortgage backed securities (RMBSs) are fraudulent. The Banksters engaged in fraud at … Continue reading

Kenneth Rogoff is an Even Worse Criminologist than Economist

By William K. Black Kenneth Rogoff, the creator of the fictional 90% budget deficit cliff, is back spreading new myths.  He has now ventured into white-collar criminology, without the benefit of any study of criminology.  The results are yet another … Continue reading

Why Does Refusing to Put Fraudulent Banks into Receivership Help the Economy?

By William K. Black Conservative economists love “creative destruction.” They can’t wait to “get their Schumpeter on” when a business fails and thousands of workers lose their jobs. There is no more “creative destruction” conceivable than when we put a … Continue reading

The Most Dishonest Number in the World: LIBOR

By William K. Black The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR).  BBA called … Continue reading