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.
I don't think that any Corporation , big, or small, should be above the Law, and should do jail time, or have thier business License pulled.
Fri May 02 13:44:05 EDT 2014
It's unbelievable that the Justice Department has not pursued criminal charges against HSBC and the senior officers. Our banking industry would be much stronger if the banks who conducted criminal activity More....were prosecuted and the offenders jailed.
Wed Apr 30 17:10:46 EDT 2014
Traci A Bunn
Do the right thing!
Thu Apr 24 12:35:16 EDT 2014
Wed Apr 16 12:46:54 EDT 2014
Mon Apr 14 19:54:26 EDT 2014
Wed Apr 09 00:24:25 EDT 2014
Mon Apr 07 14:42:36 EDT 2014
Sat Apr 05 00:30:08 EDT 2014
Tue Mar 25 23:55:03 EDT 2014
NO ONE SHOULD BE ABOVE THE LAW
Sat Mar 22 18:02:01 EDT 2014
Sat Mar 15 22:53:25 EDT 2014
william gawne jr
Wed Feb 26 19:00:24 EST 2014
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
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 00:53:09 EST 2014
Sun Feb 16 12:12:21 EST 2014
Sat Feb 15 23:43:31 EST 2014
Wed Feb 12 13:54:55 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.