Elizabeth Warren asks what it would take to shut down a big bank for money laundering.

[Manifestor_of_Light]

http://www.nationalmemo.com/watch-elizabeth-warren-asks-what-it-would-take-to-shut-down-a-big-bank/#.UTkL3z3PJXU.reddit


glub, glub....stammer, stammer............

HSBC laundered $881 million for drug cartels and violating sanctions. They paid a $1.2 billion fine. But there has not been a single criminal charge brought against any individuals.

[frylock]

1. what would it take? an AG with some backbone would be a start.

[markpkessinger]

2. +1! n/t

[Scuba]

3. "And this is why the big banks never wanted Elizabeth Warren in the United States Senate."

[quakerboy]

17. I wonder

if they are now sorry they blocked her appointment to the consumer protection agency position.

[benld74]

4. Sure wouldn't be an act of Congress, thats for damn sure,,,,,,,,,,,,,,

[MannyGoldstein]

5. This is FANTASTIC

Thanks!

If you embed the YouTube link, people can just click on the video and watch it, like this:

[MotherPetrie]

10. Thanks! It was like she was beating her head against a wall.

[Blanks]

11. The dudes at treasury look pretty dim-witted. eom

[NBachers]

13. String words together until your time is up; give no solid information

They've got better info coming out of their asses.

[Blanks]

14. They looked like they had 'talking points' and refused to step outside of that.

The only information they were willing to pass on was that it was the fault of the justice department.

Their performance does not warm the cockles (whatever they are).

[R. Daneel Olivaw]

23. That is classic CYA mode. Warren knows they screwed up, Cohen knows they screwed up

and was doing everything to get away.

Perhaps The Senior Senator from Massachusetts Question should have been two part.

1. What does it take to shut one of these banks down when the commit these crimes, and

2. What would it take to remove the incompetent people at Treasury who aren't capable of enforcing the law or making sure that others enforce the law in the future?


On edit 1: Nobody at HSBC has gone to trial for money laundering drug cartel money. A low-level punk that sells herb to a narc will see more jail time then any of these guys combined.

On edit 2: Perhaps if the bankers were smoking herb while they were money laundering then AG Holder would have take notice?

[limpyhobbler]

6. She's great. Why can't she be President?

[Manifestor_of_Light]

7. Give her time. She's busy giving bankers fits and shaking up the Senate.

[MannyGoldstein]

8. Because Hillary would be a much, much better President

for the bankers.

[JDPriestly]

15. . . . . for the bankers.

You got it.

[abelenkpe]

20. + 1000 nt

[theaocp]

16. b/c everybody who would run against her

is on the payroll of big business. Get the fucking money out of politics. wolf-pac.com

[stillcool]

26. who says she can't?

We did just elect her as our senator. Perhaps she can serve one term, or one year anyway.

[pacalo]

9. "We will vigorously *enforce* our regulations" but they could only stammer

when giving Sen. Warren a (non) answer!

"You know", said Sen. Warren, "if you're caught with an ounce of cocaine, the chances are good that you're going to go to jail. If it happens repeatedly, you may have to go to jail for the rest of your life. But, evidently, if you launder nearly a billion dollars for drug cartels & violate our international sanctions, your company pays a fine & you go home & sleep in your own bed at night -- every single individual associated with this. I think that's fundamentally wrong."

She's impressive.

[BrotherIvan]

12. KABOOM

Her statement at the end was a thing of beauty. I love how she keeps going back to the question, not allowing them to squirm and doublespeak out of the truth. More please! I wish everyone could watch this as this is the lancing of a terrible wound in our corrupt system and I wish she had more of her peers supporting her.

[Jack Rabbit]

18. Does anyone besides me wonder if they were told by somebody upstairs to zip their lips?

I understand they did what they could within their authority, but all the lady wanted was a dollar figure for when somebody needs to face the music as opposed to just fining the institution.

Perhaps the banking committee should invite Mr. Holder for an afternoon with Senator Warren.

[GiveMeFreedom]

19. I feel that she needs real tight security

around her. If she died today (hope not), the repubs would not shed a tear and most likely be the cause of it. JMHO

[shcrane71]

21. Remember those PSAs that said smoking a joint supported terrorists and drug cartels?

Um, seems like HSBC did more to support terrorists and drug cartels than any self-medicating American.

[freshwest]

22. Start small, work your way to the top and get all the crooks. Thanks, Senator Warren!

[Politicub]

24. Senator Warren doesn't play games

The only thing better than six years of Senator Warren is four years of service in the senate and four more as POTUS or VP!

[Initech]

25. We can't because they're too big to f/j/t/r/der/ail!!!

[Iwillnevergiveup]

27. The lady's making waves.

she's smarter than any of these guys, and she's only just begun. She needs to hear from people from all over the country, not just Massachusetts (which had the intelligence to elect her in the first place,) that we support her with our words and our money.

[harun]

28. Big banks have more power than the gov't. Keep shining that light on them Warren!

[Neoma]

29. Can we give her campaign money yet?