The United States today displays its hypocrisy in its fight against terror and how capitalism truly interferes when it comes to big decision making. It will be shortly revealed that state authorities plan to announce a record $1.9 billion settlement with HSBC on Tuesday. The settlement with HSBC stems from accusations that the British banking giant transferred billions of dollars on behalf of sanctioned nations like Iran and enabled Mexican drug cartels to launder money through the American financial system, according to officials briefed on the matter.
BP on the other hand paid $4.5bn fine for the spill offshore Gulf of Mexico. What happened with BP was an engineering accident; a design used numerous times before failed. It was unintentional act that happened due to human error. To make things right, BP has spent over $80bn for spill clean-up, compensating fisherman and local businesses for their assumed loss of revenues, modernizing the gulf coast and now marketing the gulf to rest of the world. They have more then made right for all the repercussions of the incident, but still they will pay the $4.5bn in fine!
HSBC on the other hand willfully violated international money transfer rules, helped terror promoting countries launder money and created situations that potentially risked the security of the entire country.
So which crime is more heinous? According the Federal government of course it is BP. BP are an oil company, traditionally oil companies are with the Republicans and so the Democrats will go to all means to make life miserable for BP. The banks are with the Democrats so they can go away with things like letting Iran launder money in and out of the system. That’s how things are in Capitalist America!
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