TBTI

Heard a new phrase from the talking heads this morning.
It was used referencing the HSBC drug laundering story.

Too Big To Indict

“The message sent by the U.S. Department of Justice is that if you are going to engage in large-scale money laundering for Mexican drug cartels, make sure and do it within the scope of your employment working for a bank because you won't be prosecuted regardless of the egregious nature of your criminal conduct,”

Jimmy Gurule, a former assistant U.S. Attorney General

As quoted in AP story, LA times

Seems that criminal charges are way too inconvenient once you pass a certain threshold in the size of your criminal enterprise

We're operating in a new era.
I'm sure John Corzine  wasn't the first pioneer blazing this trail.
What was once a trail in the wilderness, has become graded, improved and paved.


Remember ...

In Times of War the Law Falls Silent