Tell Maryland Attorney General Doug Gansler There Should Be No Such Thing as “Too Big To Jail”
By refusing to prosecute global banking behemoth HSBC for laundering hundreds of millions of dollars on behalf of alleged terrorists in the Middle East and drug cartels in Mexico and Colombia, the Department of Justice is sending the message that Big Banks are above the law.
The evidence against London-based HSBC – the third largest bank in the world, with more than $2.5 trillion in assets – was overwhelming. But, instead of pursuing criminal charges, the Justice Department simply fined HSBC $1.9 billion – which sounds like a lot, until you realize that’s only about a month’s worth of profit for the bank.
HSBC’s slap on the wrist is a slap in the face to anyone who believes that there should be no such thing as “too big to jail.”
Join Public Citizen in calling for punishment that could actually deter corporate crime:
Demand justice. Add your name to the petition to revoke HSBC’s corporate charter.
PETITION TO MARYLAND ATTORNEY GENERAL DOUG GANSLER
We, the undersigned, call on you to use your authority to forfeit HSBC’s corporate charter. HSBC is a large corporation, but should enjoy no special privilege because of its size. A Maryland corporate charter should signal integrity, and we ask that you uphold this standard.
Why Petition Maryland's Attorney General?
The US division of HSBC is chartered in the state of Maryland. Under Maryland law, the attorney general has the power to forfeit a company’s corporate charter as punishment for engaging in organized crime. Charter forfeiture would represent a strong new tool states could use to enforce the integrity of corporate behavior.
Public Citizen’s FOIA requests (PDF) to the Department of Justice, Department of the Treasury and the Office of the Comptroller of the Currency seeking the government's detailed justification for not prosecuting HSBC criminally.
We need many more pro-economic and healthcare justice, nonelitest, strongly-adversarial-to-rightwingers, pro-farming and natural tourism,clean energy oriented NewDEAL democrat alliance, coaltion democrats More....on all levels of government in the SE TN, NW Ga areas state/local/Fed levels, in our Chamber of Commerce, TVA,SEC, etc, in all areas possible. We need more progressive liberal higher education, digital democracy for all, more democratic unionizing and student advocacy for all!
Tue Feb 25 23:12:39 EST 2014
Tue Feb 25 01:20:13 EST 2014
Mon Feb 24 09:33:13 EST 2014
Mon Feb 24 09:33:01 EST 2014
Sun Feb 23 16:34:49 EST 2014
Even more insulting is that this pittance of a fine will now be even less because it is tax deductable. At least give us the illusion of justice and close this tax loop hole.
Fri Feb 21 22:48:01 EST 2014
Fri Feb 21 12:14:02 EST 2014
201 -->200Never allow this type of business behavior again . The worst excuse for a financial institution with consumer concerns or best interest at heart . Will never recommend to any consumer for any service.
Fri Feb 21 00:53:09 EST 2014
Sun Feb 16 13:58:46 EST 2014
Sun Feb 16 12:12:21 EST 2014
Sat Feb 15 23:43:31 EST 2014
Sat Feb 15 00:14:32 EST 2014
Thu Feb 13 16:33:34 EST 2014
Wed Feb 12 13:54:55 EST 2014
Wed Feb 05 22:56:21 EST 2014
Tue Feb 04 13:26:27 EST 2014
I dont't think that HSBC (The Hongkong and Shanghai Banking Corporation) should be allowed to operate in the USA at all if they are exempt from many of the same regulations and rules that USA Banks More....must follow.
Public Citizen, Inc. and Public Citizen Foundation
Together, two separate corporate entities called Public Citizen, Inc. and Public Citizen Foundation, Inc., form Public Citizen. Both entities are part of the same overall organization, and this Web site refers to the two organizations collectively as Public Citizen.
Although the work of the two components overlaps, some activities are done by one component and not the other. The primary distinction is with respect to lobbying activity. Public Citizen, Inc., an IRS § 501(c)(4) entity, lobbies Congress to advance Public Citizen’s mission of protecting public health and safety, advancing government transparency, and urging corporate accountability. Public Citizen Foundation, however, is an IRS § 501(c)(3) organization. Accordingly, its ability to engage in lobbying is limited by federal law, but it may receive donations that are tax-deductible by the contributor. Public Citizen Inc. does most of the lobbying activity discussed on the Public Citizen Web site. Public Citizen Foundation performs most of the litigation and education activities discussed on the Web site.
You may make a contribution to Public Citizen, Inc., Public Citizen Foundation, or both. Contributions to both organizations are used to support our public interest work. However, each Public Citizen component will use only the funds contributed directly to it to carry out the activities it conducts as part of Public Citizen’s mission. Only gifts to the Foundation are tax-deductible. Individuals who want to join Public Citizen should make a contribution to Public Citizen, Inc., which will not be tax deductible.
To become a member of Public Citizen, click here. To become a member and make an additional tax-deductible donation to Public Citizen Foundation, click here.