John Cruz, a former HSBC (global Swiss Bank) Senior Vice President for Relationship Management has charged Obama’s Department of Justice under Eric Holder as handing them a virtual “slap on the wrist” for being a criminal enterprise. HSBC agreed to pay a fine of $1.92 billion dollars for money laundering profits from Mexican and Columbian drug cartels, which is the least offensive crime they commit on an ongoing basis, to end the matter and DOJ involvement.
A Senate hearing on this matter was held last week in what has become standard operating procedure (SOP) for the Obama administration on the corruption of the “Rule of Law.”
In effect, Mr. Holder believes that some “banks” are too big to prosecute for illegal and criminal activity, as it will cause irreparable harm to the national and world economy. It makes no difference that this action gives tacit approval to the financing of global terrorism or drug cartel efforts to spread their poison onto our streets (and allows the American people to pay a heavy price for this lawlessness in increased criminal activity.) Chicago’s horrendous murder rate comes to mind as just one consequence…culminating in over 510 homicides in Chicago last year alone, with a majority fueled by the illegal drug trade.
The following excerpts are from Eric Holder’s revealing testimony before the Judiciary Committee as relayed in an article from WND (video of John Cruz, parts 1 and 2, at the end of the article is worth watching):
“Banks the size of HSBC are “too big to jail,” as a member of the Senate panel put it.
“I am concerned that the size of some of these institutions becomes so large,” the attorney general confessed, “that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy.
“And I think that is a function of the fact that some of these institutions have become too large,” said Holder.”
Holder’s later testimony showed the callous indifference to the workings of a criminal enterprise that has engaged in money laundering, financing of terrorism, and outright fraud. A criminal enterprise that is masquerading as a legitimate bank that can affect the entire world’s economy is in desperate need of investigation and prosecution as relayed by Sen. Grassley:
Sen. Charles Grassley, R-Iowa, asked Holder to explain why federal and state authorities decided not to indict HSBC after it admitted funneling cash to Mexican drug cartels, helping rogue regimes avoid sanctions and assisting Saudi banks tied to terrorism.
The senator said, “I’m concerned that we have a mentality of too-big-to-jail in the financial sector of spreading from fraud cases to terrorist financing and money laundering cases – and I cite HSBC.”
Holder replied: “The concern that you have raised is one that I, frankly, share.”
However, Holder said he was not specifically referring to HSBC, because it would not be “appropriate.”
“Again, I’m not talking about HSBC,” he said. “This is just a – a more general comment. I think it has an inhibiting influence – impact on our ability to bring resolutions that I think would be more appropriate. And I think that is something that we – you all need to – need to consider. So the concern that you raised is actually one that I share.”
Obama and Mr. Holder have a specific duty in Article II, Sec. III of the Constitution to simply “take care that the laws be faithfully executed.” The prosecutorial discretion of the Obama administration makes it more of a regime than a legitimate government. These men shame their offices by the selective enforcement of laws and entities that share their collective political goals. The decision to allow a civil penalty to stand in light of the multiple criminal actions of HSBC reveals the true intent of Obama’s DOJ to allow these activities to continue unabated.
Talk about leaving the American people with plenty of law, but no justice.
Since their actions diminish the “Rule of Law” our nation was founded on, we deserve better.
Photo Credit: European Parliament (Creative Commons)








Blueprint To Restore The Republic
Citizens need to work towards placing into office a majority of conservative libertarian committed citizens that will implement repeal of the 16th Amendment to the Constitution from an out of control federal government to end their tyranny. This amendment created the Income Tax. This would place the entire question of our runaway federal government into the hands of the several States where this issue belongs in the first place. This is possibly the only way we can rein in the ruinous spending and onerous taxes of an out of control federal government spending the nation into bankruptcy from recalcitrant policies of continual tax, borrow and spend.
We can take solace in the unity the States have shown to the Firearms Freedom Act, which has pointed the way to the start of a full-blown federal tax revolt to bring the matter forward in a civilized and dignified Constitutional manner. This would become the catalyst for sincere debate about the future of our nation based on our founding principles grounded upon the foundation of our Constitution, a win-win proposition. With the added bonus that the President has no say whatsoever in the matter, it is beyond his Constitutional purview with the right of amendment being granted solely to the States which originally ceded a portion of their sovereignty to create the federal government. They are the parties that define what the Constitution is, and more importantly what it is not…will they exercise their power to define the federal government once again in our hour of need?
After all we are a confederation and compact of sovereign States that have formed a union having the federal governments taxing power brought into focus and placed as a constitutional amendment once again before the “People’ would short-circuit the power of the federal government and immediately bring them to heel.
As much as it frightens me to say this, in the alternative a Constitutional Convention could be convened that would implement this repeal. We are only two states away from this solution as 32 States had called for a convention along similar grounds in 2008, so this plan has merit and the time may be ripe for implementation.
Congress cannot spend what Congress does not have, they must also implement a balanced budget requirement as well, another requirement must be to eliminate borrowing and destruction of the Federal Reserve as a central bank to return this nation to a Gold based currency to restore solvency. These steps must be taken if we are to return to fiscal responsibility and break the hold of identity politics that have gripped this nation since the 1930′s, first with Roosevelt and radically expanded during the Johnson administration with the creation of the Welfare State and the entitlement mentality.
The latest monumental legislative overreach Obama Care was foisted upon the nation from a Democrat controlled Congress without one Republican vote. It was affirmed by the Supreme Court, which literally did back flips to approve this legislative nightmare, forcing all citizens to engage in commerce of the Democrats choosing. This legislation screams from the rooftops that our system is unduly broken and in need of repair if we are to keep our Constitutional Republic.
On the other hand, if we continue to go down the rabbit hole of Socialism we will never be seen as a “Free and Able People” again, and what is literally at stake if we do not turn away from this course.
With the repeal of the 16th amendment, our entire federal bureaucracy is hobbled and Washington’s overreach is immediately eliminated and governmental power would revert to the States and the People. It would also have the added benefit of breaking the disgraceful hold of the Left and the Democrats propensity to create divisive electorate groups based on anger, envy, sex, income, race, creed, religion, national origin, sexual orientation and eliminate the class warfare that they set against the nation and its unsuspecting people.
Ultimately, it would destroy their ability to re-distribute the nations treasure and our citizen’s personal incomes, wages and labors as they see fit regardless of the destructive consequences they create and has become evident by the moribund economy and loss of economic opportunity.
After all our current troubles are because of the Democrats efforts to create the current entitlement culture and economy, much less expand it, even after its toxic effects have become evident. The elimination of the 16th Amendment would simply obliterate the Left and there destructive politics based on other people’s incomes and there abhorrent identity politics on which the Democrats continually pander.
The Democrats and their leftist supporters would be forced to show the ugly face behind the mask and reveal how subversive they really are to the American people. As they would object to the proposed Amendment and their power base of unions, so-called poor, minorities, government workers, teachers etc., would come out in full-force in massive protests. It would literally pull the rug out from under them and lead to the current destruction of their dynasty for all eternity.
I say good riddance…
Another amendment that must be repealed along with the 16th is the 17th Amendment to replace the balance of power between the Federal Government and States interests as the Constitution originally intended!
If you want Peace you must prepare for War…Obama’s government is preparing for war against its own people.
Can we ignore the warnings…or will we just fail to act?