3 chapters across the catalog
HSBC Money Laundering Settlement, Drug Cartels, and Lanny Breuer
The $1.9 billion settlement with HSBC for laundering money for Mexican drug cartels and terrorist-linked banks is criticized as a "new low" for the "too big to fail" doctrine. Despite the severity of the crimes, no individual executives faced criminal charges or fines. The departure of DOJ official Lanny Breuer is noted in connection with these lenient settlements.
HSBC Money Laundering, Mexican Drug Cartels, Lanny Breuer
The U.S. Justice Department reaches a $1.9 billion settlement with HSBC for laundering $700 billion in Mexican drug cartel money. Assistant Attorney General Lanny Breuer is criticized for failing to pursue criminal charges against bank officials. The hosts highlight the "special boxes" designed to fit through teller windows and argue that the global economy is dependent on the flow of illegal drug capital.
Personal Emails, Clean Hands Doctrine, and Beagle Boys
Eric Holder refuses to commit to providing personal emails related to the Fast and Furious investigation, citing Department of Justice tradition. The hosts mock an aide whispering in Holder's ear, comparing him to the "Beagle Boys" from Scrooge McDuck comics. They also explore the "Clean Hands Doctrine," a legal principle regarding unfair conduct, in the context of Holder's refusal to be transparent.
