Obama Declares Big Banks Too Big to Jail

Decision not to prosecute bank's money laundering sparks outrage

By Kevin Spak,  Newser Staff

Posted Dec 12, 2012 1:14 PM CST

(Newser) – The Obama administration officially bought into the idea that big banks are "too big to jail" yesterday, by deciding to fine HSBC instead of criminally prosecuting its vast money laundering operation—which funneled cash to Mexican drug cartels and Saudi banks with ties to...   Read full story »


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