Friday, May 28, 2021

JOE BIDEN HANDS $100 MILLION TO MUSLIM TERRORIST HAMAS TO PROTECT THEIR BORDERS FOR MORE TERRORISM - BUT REFUSES TO PROTECT AMERICA'S BORDERS WITH NARCOMEX

 

'A Shocking Act of Depraved Persons Far Removed from Humanity'

The persecution of Christians at the hands of Islam in just one month.

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Raymond Ibrahim is a Shillman Fellow at the David Horowitz Freedom Center.  This report was first published by the Gatestone Institute.

The following are among the abuses Muslims inflicted on Christians throughout the month of April, 2021:

The Slaughter of Christians

Egypt: In a video released on April 17, Muslims connected to the Islamic State in Sinai executed 62-year-old Nabil Habashi Salama, a Christian.  Salama appears on his knees in the video, with three men holding rifles standing behind him.  The one in the middle launches into a typical jihadi diatribe:  “All praise to Allah, who ordered his slaves [Muslims] to fight and who assigned humiliation onto the infidels” — this latter part was said as the terrorist contemptuously pointed at the kneeling Christian before him — “until they pay the jizya while feeling utterly subdued.”  This is a paraphrasing of Koran 9:29, which commands Muslims to “fight the people of the book,” understood as meaning Christians and Jews, “until they pay the jizya  (monetary tribute) with willing submissiveness and feel themselves utterly subdued.” The middle speaker continued by threatening “all the crusaders of the world” — a reference to Christians in the West — while singling out the countrymen of the one about to be slain: “as for you Christians of Egypt, this is the price of your support for the Egyptian army.” The speaker then points his rifle at the back of the Christian’s head —as chants of “jihad! jihad! jihad!” blare out — and fires at point-blank range, killing him.  It is unclear when the video was made — Salama was abducted at gunpoint over five months earlier for helping to build the only church in the area.  “He kept the faith till the moment he was killed,” the group Sinai Province said of the slain Copt in a statement.  During the months of his captivity, several Egyptian activists accused the authorities of indifference in not being able to locate and secure the release of Salama, which they say could easily have been done.  Ironically, the Egyptian government released a statement the day after the video was released saying that they had located and killed the same three terrorists that had executed the Copt—without offering any specifics—a claim that was met with skepticism.

In a separate incident, that occurred on April 3 in the streets of Minya, a Muslim man butchered a Christian woman and her toddler son with a machete—“as if he were slaughtering chickens,” said eyewitnesses.  The name of the murderer, a tuk-tuk driver, is Abu Muhammad al-Harami; his victims were Mary Sa‘d and her six-year-old son Karas.  When their paths crossed in the streets, he made threatening and derogatory comments to the mother; she responded by saying that she would report him to police—at which point Abu Muhammad leapt on Mary with his machete, butchering her and her son.  Although Egyptian media and authorities claimed, as they always do, that the man’s motives appear not to have been religious, the fact is every once in a while such “random” attacks on Egypt’s Christians occur.  In late December 2020, for example, two Muslim brothers went on a stabbing spree against Christians, killing one and critically injuring two others.  Authorities said the brothers were in mourning and upset, because their mother had died earlier that day.  But as a local Christian clergyman said, “what does the death [of the murderous Muslims’ mother] and the Copts have to do with each other?”  That same year, on January 12, 2020, a Muslim man crept up behind a Coptic woman walking home with groceries, pulled her head back with a hand full of hair, and slit her throat with a knife in his other hand.  Catherine Ramzi was rushed to a nearby medical center, where her throat was sewn with 63 stitches; doctors told her she came within an inch of dying.  It is believed that he may have identified her as a Christian for not wearing a hijab around her hair or for having a cross tattoo on her wrist.

Nigeria:  On Sunday, April 25, Islamic herdsmen launched a lethal terror attack on a Baptist church: “The Fulani herdsmen came to our village as the church service was going on,” Jacob Bala, a church member explained. “They surrounded the church and started shooting. They came at about 9 a.m., and they rode on motorcycles. They shot at us randomly and at anyone they sighted.”  Jacob’s uncle, Zakaria, a medical doctor, was shot dead, and five worshippers—including Jacob’s sister-in-law, stepmother, and niece—were kidnapped.  Samuel Aruwan, state commissioner for internal security denounced the attack “as a shocking act of depraved persons far-removed from humanity…. [A]ttacking innocent worshipers who were exercising their natural and lawful right to assemble in worship represented the worst kind of evil.”

In a separate but similar incident, Muslim herdsmen attacked the congregation of an Anglican church; eight people were killed and four women abducted.  “The abduction of the Anglican Church members,” the April 7 report adds, “came 12 days after their counterparts from the Redeemed Christian Church of God were abducted on the same road.

According to a separate April 28 report, over the course of several attacks in Benue State alone, Fulani slaughtered 33 other Christians in just one week, many of whom had earlier been displaced by the same terrorists and were living in a refugee camp.

Germany: A Muslim mother is being tried for killing her toddler son, allegedly over fears that he would eventually grow up in Germany to be a Christian.  According to the April 13 report, the 40-year-old mother “killed her four-year-old son: she deliberately threw him from a bridge in Rotenburg into the Wümme, said [the] public prosecutor... The child drowned in the river. The charge is manslaughter.”  Earlier, in November 2020, the boy was sent to a medical facility “with severe burns. He had to be operated three times. The mother, who is Turkish, said that she accidentally scalded him with hot water while washing, the prosecutor said.”  The report continues:

“The employees in the hospital found the injuries suspicious, [and] they wanted to call in the youth welfare office. The mother then took her child out of the clinic. ‘The defendant feared that her custody would be withdrawn,’ said Geisler [the prosecutor]. In the imagination of women, this also meant that the boy would grow up not as a Muslim but as a Christian. That's why she threw her son over the railing of the bridge into the water to kill him.  She then wanted to commit suicide, but did not succeed. Hours later, the police in Rotenburg picked up the distraught woman. The body of the drowned child was found in a nightly search. The mother was first placed in a psychiatric hospital and later in custody.”

Attacks on Churches

Germany: Three young Muslim migrants disrupted a church during Easter Sunday service, including by hollering Islamic slogans, in the town of Nidda.  They initially entered the church and stood in a corner videotaping the worshippers, which naturally made the latter uncomfortable.  When the pastor confronted them, they loudly declared the shahada—the Muslim profession of faith, “there is no god but Allah and Muhammad is his messenger”—followed by takbirs (chants of “Allahu Akbar”) and other Islamic slogans. Although the pastor and others managed to drive the invaders off, the remainder of the Easter service was ruined, the April 12 report notes, as the “horror” of the men’s “threatening behavior” persisted for some time among the church. This, the report adds, is the second year in a row that the Nidda church has been interrupted under similar circumstances during Easter worship service.

Separately, a church in a Gelsenkirchen, which holds a large Muslim migrant population, was torched on April 5, the day after Easter celebrations.   Although police would not confirm if arson caused the fire, witnesses saw a group of migrant youths running away from the church just before it caught ablaze.  Police have been, moreover, twice before deployed to the church over similar disruptions.

In another incident, unknown persons entered a church, defecated near its Bibles and urinated on its walls, before setting a fire in the premises.  This was just the most recent of many attacks on the church in Oberschopfheim. According to the April 21 report,

“Almost exactly two years ago on April 8th, the toilet facility in the parish hall was destroyed. Above all, the extent of the brutality with which the strangers acted caused horror. At that time, damage of several thousand euros was incurred. Windows were smashed, toilets torn from their anchoring or sinks torn from the wall. Gutters were smashed and shutters on the parish hall were smashed. The toilet facility was out of order for several months.”

Greece: Muslim migrants entered into and completely ransacked a small church; they also videotaped portions of the incident and uploaded it on TikTok (available here).  It shows a topless migrant dancing to rap music as he walks towards and inside the church.  The next clip shows the aftermath: devastation inside the church, with smashed icons and altar overthrown.  Discussing this incident, an April 12 Greek City Times report says,

“We should remember that Greece spent 400 years under Turkish Islamic rule and that the fight for freedom was bloody.  With that in mind it is even more dramatic seeing these images of fighting age migrants desecrating Greek holy places and having no respect for the country they are allegedly seeking refuge in.  It reminds us that the only solution to this sort of escalation is closing the border and imposing a strict deportation campaign.”

Cyprus:  A group of young Turks held a techno party inside the historical Sourp Magar Monastery (named after the Coptic Saint Makarious), the only Armenian monastery left in Cyprus; unfortunately for it, it is also located in the illegally occupied Turkish zone, hence the disregard and desecration.  Responding to this incident, the U.S. ambassador to Cyprus, Judith Garber, said in an April 7 tweet:

“The U.S. Embassy strongly condemns the misuse of Saint Magar Armenian Monastery. Freedom of worship is a fundamental value, and we echo the call from religious leaders that all places of worship, in use or not, be protected against misuse, vandalism, and desecration.”

France: On April 8, prosecutors said they would file charges against a Muslim woman “accused of plotting a jihadist attack on a church over the Easter weekend.”  The 18-year-old woman “was arrested over the weekend [of April 2-4] at her home in Beziers. She was arrested as part of an anti-terrorist investigation into a suspected attack plot targeting the city of Montpellier.” In a statement, the anti-terror prosecution team said that an investigation was “opened following intelligence concerning the threat of an attack on a church over the Easter weekend.”  During the raid on her home, police found a map of the church and “even found an image of Samuel Paty, the schoolteacher who was killed in October 2020 after showing his class cartoons of the Prophet Mohammed.”

Attacks on Apostates and Blasphemers

Uganda:  A sword-waving Muslim man attacked and seriously injured his wife and mother of seven children on the premises of a church on Eastern Sunday.  Three days earlier, Salimati Naibira, 37, had converted to Christianity, and this was her first time inside a church; but then, from a church window “I saw my husband,” she later explained, “and some family members enter the church gate shouting ‘Allah Akbar.’  The church members took off from church worship to save their lives.”  The Muslims stormed into the church with sticks and other weapons; her husband came wielding what is known as a “Somali sword.”   Although the pastor and others tried to protect her, her Muslim relatives overpowered them, seized the apostate woman, forced her into a van and drove to a wooded area.  “They started beating me with sticks, then my husband cut me with the Somali sword at the thigh and the back” At that point she fainted. “I regained consciousness only after several hours,” when a passerby found her lying in a pool of her own blood and took her to a clinic.  As of this writing, a female Christian friend has taken Naibira into her custody in an undisclosed location, where she is recovering from wounds to her face, thigh, and back.  She fears that she will be unable to gain custody of her seven children, who range in age from 4 to 17:   “I hope my children are safe,” she said.

Pakistan: On April 9, medical professionals attacked two Christian nurses—one with a knife—after a Muslim nurse accused them of scratching a sticker of a Koran verse from off a cupboard.  Although the two young nurses, named Maryam Lal and Navish Arooj, were acting on their supervisors orders to remove all stickers, they were subsequently arrested and charged under Section 295-B of the Pakistan Penal Code, which outlaws and punishes any desecration of the Koran, or “extract therefrom,” with life in prison.  Before police could arrive, a furious mob had gathered outside the hospital crying “death to blasphemers” (video here).  Due to ongoing threats, both women’s families have gone into hiding.  According to one report,

“A video circulated over social media shows an employee of the hospital [later identified as Muhammad Waqas] calling Mariam vulgar names and telling a room full of other employees that she tore down a sticker, which contained a Muslim prayer, from the medicine cabinet. He further said in the video that ‘our’ Muslim nurse called Rukhsana saw it and snatched the torn sticker from Mariam’s hand so that it’s not further defiled or thrown on the ground. Then he said that when he found out about it, he confronted the Christian nurse Mariam. He said, ‘I am a Muslim; how can a Muslim sit quietly over blasphemy of his Prophet.’ Then he proudly told the employees gathered in the room that he attacked Mariam with a knife, but failed when the blade broke, only injuring her arm.”

“This is not the first incident of this kind,” said Nasir Saeed, a Pakistani human rights activist in the UK:

“[I]n the past, we have seen how people use this law to settle their personal grudges or punish their rivals. I still remember 2009 when a Lahore Muslim factory owner was accused of committing blasphemy for removing an old calendar inscribed with holy Quranic verses from a wall. A factory worker killed him and two other men, and the enraged mob also assaulted management employees and set the factory on fire.”

Three months before this incident, another Christian nurse and gospel singer in Pakistan, Tabitha Gill, was slapped, spit on, locked in a hospital room and “tied up and tortured” by her Muslim colleagues, after one of them with a grudge against Gill falsely accused her of blaspheming against the Muslim prophet Muhammad, which is punishable by death.  Although police initially cleared her of the charge, when an angry Muslim mob descended on their station, they reinstituted it.

In a separate incident, police illegally kept a Christian man in custody for more than two months, during which time they tortured him into confessing to a false blasphemy charge against Islam.  Two months earlier, on Feb. 13, after Muslims heard Salamat Masih reading from the Bible in a park with his friend, they accused them of blaspheming against Muhamad.  Although police arrested him that same day—the friend had hid in time—Salamat was not presented before a judge until April.  According to Aneeqa Maria, Salamat Masih’s attorney,

“During this period, he was kept in at least three different police stations and illegal torture cells, where he was mentally and physically tortured to confess to the baseless accusation….  [P]olice repeatedly threatened to kill him... Family members were not allowed to meet him, and his mother and siblings saw him for the first time in two months when the police brought him to jail after his appearance before a judge. Even then police did not let them talk to Masih...  The police investigators forced him to admit to blasphemy. They also tortured him into naming other members of the Bible study circle…  This is a serious human rights violation, yet no one seems to be bothered about it.”

General Abuse of Christians

India: An angry Muslim mob beat and forced a Christian farmer to eat the raw meat he was selling at a market in Kerala, because it was not halal—meaning not prepared according to Muslim ritual; they also torched the delivery trucks carrying the impure meat.   (A separate report says several Christian farmers suffered the same treatment.)

“I can’t figure out what is their problem?” the abused Christian, Shaji M Varghese, later said. “Those who want to smoke, let them smoke. Those who want to eat buffalo meat, let them eat. Those who like pork, let them eat. Those who do not like it, why are they indulging in physical attacks on us.”  The April 6 report offers some answers:

“[A] farmer’s collective called Kisan Mitra, which has about 6,000 members in Kerala, had initiated the sale of fresh non-Halal meat on the occasion of Easter Sunday. This initiative is what irked the Islamic fundamentalists, as the low quality of Halal meat in Kerala is an open secret…. The Non-Halal meat has received quite a positive response from the general public in Kerala... Fearing the end of Halal meat dominance as people prefer non-Halal is allegedly the primary reason behind the attack….The main coordinator behind Kisan Mitra, Manoj Cherian, has received death threats from Islamists. Islamists have threatened to hack him to pieces if Cherian sells pork, which according to the Islamists is ‘haram.’”

Pakistan:  Members of an Islamic extremist political party forcibly converted a mentally challenged Christian man, and, last reported, were pressuring his entire family to renounce their faith and embrace Islam.  On April 14, Adnan Bashir, who had been undergoing medical treatment since being diagnosed with a mental illness in 2018, wandered out of his home.  Before long he saw his former boss, who was at what seemed to be a social gathering, beckoning for him to come and drink some sherbet.   Adnan went, not realizing that the gathering was a protest by the radical Muslim group, Tehreek-e-Labbaik (TLP).  Once there, according to Adnan’s brother, Fayyaz, “Ahmed [his former boss] and some others forced him to publicly recite the Kalima (proclamation of Muhammad’s prophethood, signaling conversion to Islam) and converted him to Islam.”  Once surrounded by the radicals, the brother clarified, Ahmed “used the opportunity to force my brother to say the Kalima in the presence of the charged mobs.”  They also renamed him “Khadim Hussain”—further suggestive of their malicious motives, as khadim means “servant.”  To his way of thinking, Adnan still rejects the idea that he has renounced Christianity and embraced Islam.  Last reported, he and his family were under threat: “Our lives have become miserable due to the threats and surveillance by TLP activists,” Fayyaz said. “Our children keep asking what will happen to them, as their Muslim friends keep raising this issue. We can neither seek help from the police or any other government or religious leader…”

Germany: Critics accused the Muslim mayor of Hanover of intentionally manipulating COVID-19 restrictions in a way that punishes Easter-observant Christians and rewards Ramadan-observant Muslims.  An April 4 report explains:

“In the Hanover region, curfew restrictions are in place from 10 pm to 5 am due to high Corona infection rates. From April 1 to April 12, citizens are only allowed to leave their flats and houses for a valid reason. There is also an extension of the compulsory wearing of masks in public spaces. Thus, the Christian Easter falls under these restrictions, but not the Muslim Ramadan. Ramadan begins on April 12 [the same day the restrictions are lifted]. What makes the timing so suspicious is that the Lord Mayor of Hanover is a Muslim of Turkish origin named Belit Onay from the Green Party. He is responsible for the scheduling.”

Biden Admin Can’t Guarantee Taxpayer Aid Won’t Enrich Hamas

State Department's allocation of $100 million in Palestinian aid prompts concerns

Hamas militants / Getty Images
 • May 27, 2021 5:10 pm

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As the Biden administration allocates more than $100 million in U.S. taxpayer aid to the Palestinian government and aid groups, critics are raising concerns that the State Department cannot ensure this aid won't reach the Iranian-backed terror group Hamas.

State Department officials have thus far declined to outline what mechanisms, if any, it has put in place to stop a tranche of aid money from reaching Hamas, which controls the Gaza Strip and is responsible for initiating a deadly conflict with Israel this month. The State Department admitted this week that it could not guarantee the tranche of money will be kept from Hamas.

"As we've seen in life, as we all know in life, there are no guarantees," a senior department official said.

U.S. aid money has reached Hamas and Palestinian terrorists in the past, prompting the Trump administration to stop sending aid in 2018. One of Secretary of State Antony Blinken's first moves after taking office was to resume the aid without preconditions. That appears to be the case again as the administration commits millions more to the Gaza Strip and United Nations Relief and Works Agency (UNRWA), which allows Hamas to use its facilities. Multiple Republican foreign policy leaders and a top former Trump administration official described the moves as reckless. They said the State Department's first priority should be putting stringent barriers in place to ensure no aid money gets to Hamas and its affiliated militant groups.

"The Biden Administration has a fundamental obligation to do whatever it can to prevent American taxpayer dollars from winding up in the bank accounts of terrorists. It is in no way acceptable for the State Department to flippantly offer that this is all a matter of fate well beyond their control," Rep. Darrell Issa (R. Calif.), a member of the House Foreign Affairs Committee, told the Washington Free Beacon.

Issa also called out the administration for declining to provide further explanation about its "no guarantees" remark.

"This reinforces the imperative of Congress' core oversight function, and I hope that the White House provides quick clarification and commits to redoubling all its efforts to ensure that American aid is never handed over to those who would use it to take other people's lives," Issa said.

Jonathan Schanzer, a former terrorism finance analyst at the Treasury Department and the vice president for research at the Foundation for Defense of Democracies, said that most established aid channels are rife with corruption and in need of serious reform. The Biden administration can ensure money does not reach terrorists only if it sets out to wholly reform organizations, such as UNRWA, that work alongside the notoriously corrupt Palestinian authority.

"There needs to be approved aid organizations that are trusted by all sides. This probably means that new organizations should be created, with strong oversight mechanisms to prevent what has happened for more than a decade. The current channels have clearly failed," Schanzer said. "But the real problem is not the aid channels: The real problem here is Hamas's control of Gaza. As long as this Iran-backed terrorist group retains its iron grip, it will be extremely difficult to help the population without inadvertently funding Hamas."

Former U.N. ambassador Nikki Haley, who led efforts to stop American aid dollars from reaching Palestinian terrorists, told the Free Beacon that "America should not be funding problems we’d like to solve." Hamas and UNRWA, she said, "are big problems that make Middle East peace harder. Biden will end up funding both and get less peace."

Rep. Jim Banks (R., Ind.), a member of the House Armed Services Committee, described the Biden administration's admission as "very disturbing" and said officials should immediately and "unequivocally tell us that American aid won't go to terrorists."

"The State Department needs to safeguard taxpayer dollars and make sure we're not funding a war against Israel," Banks said.

Blinken just wrapped up a multi-stop tour through the Middle East to promote a ceasefire between Israel and Hamas and announce $110 million in U.S. aid to the Palestinians. This aid includes $5.5 million in immediate disaster relief funding for the Gaza Strip and another $75 million throughout the year. More than $32 million will be awarded to UNRWA.

Blinken, in remarks earlier this week, said the administration is pursuing a "coordinated international effort to ensure immediate assistance reaches Gaza in a way that benefits the people there and not Hamas." He did not describe how the administration would uphold this pledge.

The White House National Security Council declined to comment.


On closer examination, the origins of these drug cartels themselves lie in the relations between the US and Mexican governments. Before becoming Los Zetas, the original members of the violent drug cartel were a special forces unit of the Mexican Army trained in the United States at the School of the Americas at Fort Benning, Georgia. If HSBC is found guilty of providing material “means and resources” to these terrorist organizations then it seems there should be ample evidence and grounds to also indict the US government as well.


Texas Attorney General: Biden Giving Economic Stimulus to Cartels Through Immigration Policy

By Melanie Arter | May 27, 2021 | 10:55am EDT

 
 

US Border Patrol agents check and search migrants from Guatemala after they turned themselves over to authorities at the US-Mexico border May 12, 2021 in Yuma, Arizona. (Photo by RINGO CHIU/AFP via Getty Images)
US Border Patrol agents check and search migrants from Guatemala after they turned themselves over to authorities at the US-Mexico border May 12, 2021 in Yuma, Arizona. (Photo by RINGO CHIU/AFP via Getty Images)

(CNSNews.com) – Despite what DHS Secretary Alejandro Mayorkas told Congress on Wednesday, the border is not closed, and there are almost triple the number of illegals coming across the border than there were a year ago, Texas Attorney General Ken Paxton said Thursday.

“You and I were down there a month ago, and I just was in Laredo two days ago. It’s nowhere near closed. The numbers are almost triple those coming across that they were just a year ago. So we know the border is not closed. It is a massive influx of immigrants that have been invited here and really to the benefit of the cartels,” Paxton told Fox Business’s “Mornings with Maria Bartiromo.”


“As you saw, the cartels are the really the only ones absolutely benefiting. They are charging in Laredo actually more than they’re charging where you and I were - about double, about $8,000 per person. The numbers are amazing, and the incentives that Biden is giving the cartels to bring more people, it's just hard to believe,” he said.

The attorney general said that Customs and Border Patrol officers told him it costs $729 per child per day to house unaccompanied minors at the CBP facility in Donna, Texas.

“You may be the only one that’s actually gotten into the Donna facility, the only reporter, and you saw it,” Paxton told host Maria Bartiromo. “We asked the question while I was there, what’s this costing us, and they told us $729 per day per kid. There’s 1500 kids. That’s $400 million just for that one facility. 

“I can’t imagine the Ritz-Carlton costing that much, and as you noticed, it wasn't quite the Ritz-Carlton. It was a tent with bunk beds and a few TVs. It’s hard to imagine it cost that much, so I can see why the Biden administration is asking for more money. That’s just one facility,” he said.

“We have them in Texas in Midland. We have them in San Antonio. We have them in Dallas. They’re all over the country, so they need more money. They should be spending money on the border, and yet that's not where the money is going,” the attorney general said.

Paxton said he asked CBP officers where the unaccompanied children are sent to, and they said that 80 percent of them are sent to relatives who live in the United States, but the attorney general doesn’t believe that. He thinks the Biden administration is purposely sending migrant kids to states led by Republican governors so that they will have to cover the costs of taking care of them.

“When we were there together, Maria, I was trying to ask them where do the kids go. They said 80% of them have family members to go with. I don't believe that. That's hard to believe these Central American kids that we saw, 80% of them have relatives here that are close enough to take,” the attorney general said.

“My guess is they’re just being dropped off in red states, and the goal is to destabilize our states by making those costs ours, because as you've said, there's law enforcement costs, and I think a lot of the kids are tied to the cartels. They’re identified with the cartels. They’re brought here by the cartels and they’re moved around by the cartels,” he said.

“So they are tied to them, which means more crime, but then we also have cost of education, health care, just all kinds of costs to the state that we will not be helped on, and I think that's part of what Biden is trying to do, Paxton added.

The attorney general said if you polled the cartels, “they would be 100% in favor” of Biden’s immigration policy, “because this is economic stimulus – which I know Joe Biden likes, but he’s giving it to the cartels.”

He said he’s “not surprised” that Biden and Vice President Kamala Harris don’t want to go to the border, “because they do not want to highlight what's going on.”

“They do not want to talk to Border Patrol. They do not want to talk to the sheriffs. They do not want to talk to state police. They do not want to talk to local city officials from Laredo, because they will all say the same things,” Paxton said.

“The policies that Trump implemented - whether it was stay in Mexico, whether it was stop the catch and release, whether it was building the wall - they worked. None of these policies work. They match what Obama did four years ago, and they are unsuccessful, not in terms of actually stopping illegal immigration,” he added.


THESE PARAISTE BANKSTERS DID MIGHTY WELL UNDER THE BANKSTER REGIME OF LAWYER BARACK OBAMA, LAWYER JOE BIDEN AND THE BANKSTERS' RENT BOY, LAWYER ERIC HOLDER. 

THEY LOOTED A TRILLION DOLLARS FROM HOME VALUES AND NOT ONE WENT TO PRISON!

Moody’s Analytics and Goldman Sachs reports to investors have sought to boost Biden’s chances against Trump by cheering a potential “blue wave” on election day. Biden has reportedly promised Wall Street donors, behind closed doors, a return to a globalized, economic status quo that has forced working and middle-class American communities into a managed decline for decades.

“According to figures released this week by the Center for Responsive Politics, Wall Street in particular is favoring Biden’s campaign over Trump’s. The group found that Biden has raised $52.4 million from the finance, insurance and real estate industries, of which $32.2 million came from “securities and investment.”

Overall, the Biden amnesty would likely bring more than 37.3 million foreign nationals to the U.S. — a boon for Wall Street and other corporate interests looking to inflate the U.S. labor market, reduce the cost of labor, invest in more necessary housing while adding as many consumers to the market as possible.


HILLARY CLINTON: The woman


who fought Barack Obama to be


America's first dictator.

 

In the days of the Cold War, the narrative of the arch-reactionaries and anticommunists revolved around a conspiracy theory according to which the United States had been infiltrated at the highest levels by agents of the Soviet Union.

In the early 1950s, Wisconsin Senator Joseph McCarthy led the anti-Soviet campaign, alleging that Russian spies occupied top positions in the government, in universities, in Hollywood and even in the military. According to McCarthy, “a conspiracy so immense and an infamy so black as to dwarf any previous venture in the history of man” implicated not only the Soviet Union but was also responsible for the “loss of China” in the 1949 Chinese Revolution.

The “Red Menace” was the pretext for attacking and delegitimizing all manifestations of social and political opposition, including the Civil Rights movement, as the work of “outside agitators” who received their orders from Moscow. It was Martin Dies, the Democratic congressman from Texas and initiator of the witch-hunting House Un-American Activities Committee, who declared in his 1940 book The Trojan Horse in America that Moscow had “envisioned an unusual opportunity to create racial hatred between the white and Negro citizens of the United States.”

In the late 1950s, after the heyday of McCarthy, the political thread was taken up by the John Birch Society, founded in 1958 by Massachusetts businessman Robert Welch, who notoriously declared that President Dwight D. Eisenhower was a “dedicated, conscious agent of the Communist conspiracy.”

In 1964, Welch backed the ultra-right Republican candidate Barry Goldwater, whose failed presidential campaign was heavily influenced by John Stormer’s book None Dare Call It Treason. “Will America continue to aid the communist enemy,” Stormer asked, “to disarm in the face of danger, to bow before communist dictators in every corner of the earth? The decision is yours.”

Nothing is dead in politics. The legacy of McCarthyism is now being revived by the campaign led by the Democratic Party and summed up in a hysterical screed published Wednesday in the Washington Post by Hillary Clinton, the self-professed former “Goldwater girl,” under the headline, “Mueller documented a serious crime against all Americans. Here’s how to respond.”

According to Clinton, “Our election was corrupted, our democracy assaulted, our sovereignty and security violated. This is the definitive conclusion of special counsel Robert S. Mueller III’s report.” The perpetrator again is Russia, which Clinton, citing the Mueller report, claims has carried out a “sweeping and systematic” attack on the United States.

The Clinton narrative, which is the official line of the Democratic Party, is a monumental lie. Responsibility for Clinton’s defeat in the 2016 elections is attributed entirely to the operations of Russian bots and “Guccifer 2.0,” the persona of the individual who supposedly hacked Democratic Party emails. Her campaign, Clinton writes, was the “target of a Russian plot,” directed by President Vladimir Putin, who “seeks to weaken our country.”

And what did this new “conspiracy so immense” actually involve? According to the Mueller report itself, organizations associated with Russia allegedly spent $100,000 on Facebook ads. This is 0.12 percent of the $81 million spent by the Democratic and Republican election campaigns themselves on Facebook ads, in a campaign dominated by the $5 billion spent by the billionaire backers of the two parties to buy the election.

As for the release of Democratic Party emails, even if one accepts the unsubstantiated claim that it was Russian operatives who turned them over to WikiLeaks, what the emails revealed were true facts about the operations of Clinton and the Democratic National Committee (DNC)—facts that the electorate had every right to know. Among the documents released were Clinton’s speeches to Goldman Sachs and other banks, for which she was paid hundreds of thousands of dollars. Other leaked emails exposed the corrupt efforts of the DNC to rig the primaries against Bernie Sanders.

Clinton lost in the 2016 elections because the Democratic Party, in line with the class interests it represents, made a calculated decision not to raise any social issues or make any appeal to the working class in its campaign against Trump. Do Clinton and company really expect the public to believe that Facebook ads put out by Russian agents were behind the collapse in voter turnout in working-class areas of Michigan, Wisconsin and other states?

The victory of the billionaire demagogue Trump was the result of widespread disillusionment with the Democratic Party after eight years of the Obama administration, which broke every campaign promise and exposed as lies the empty prattle about “hope” and “change.” Obama focused his

energies on bailing out Wall Street and shoring

up the wealth of the corporate and financial

elite.

In her column, Clinton goes on to call for an alliance between the Democratic Party and the Republicans. The situation calls for “clear-eyed patriotism, not reflexive partisanship,” she writes. She urges Republicans to work with Democrats in an intensified campaign against Russia—with or without the Trump administration. She writes: “It’s up to members of both parties to see where that road map [provided by the Mueller report] leads—to the eventual filing of articles of impeachment, or not. Either way, the nation’s interests will be best served by putting party and political considerations aside and being deliberate, fair and fearless.”

Clinton wants a bipartisan foreign policy that is “fearless” in its aggression against not only Russia, but also China. “Unless checked, the Russians will interfere again in 2020, and possibly other adversaries, such as China or North Korea, will as well,” she warns. Unless Trump is “held accountable, the president will likely redouble his efforts to advance Putin’s agenda, including rolling back sanctions, weakening NATO and undermining the European Union.”

Changing what needs to be changed, such words could have been penned by Robert Welch himself. Confronting a fascistic president, the Democrats have managed to frame their entire opposition around a right-wing narrative. If the Democrats had their way and Trump were removed—to be replaced, don’t forget, by the ultra-right Vice President Mike Pence—it is almost certain that the immediate consequence would be war with nuclear-armed Russia.

Inextricably connected to the conflicts over foreign policy is the escalation of the attack on democratic rights within the United States. Reprising the ravings of Dies, social discontent is attributed to the nefarious efforts of Russia to “sow discord” within the United States.

Significantly, Clinton cites as a model the actions of the ruling class after the September 11, 2001 attacks, when “Congress established an independent, bipartisan commission to recommend steps that would help guard against future attacks.” She concludes, “We need a similar commission to help protect our elections.”

The September 11 attacks—a terrorist atrocity that killed nearly 3,000 people—were followed by the Patriot Act, the Homeland Security Department, the Northern Command, domestic spying, Guantanamo Bay, the institution of torture and drone assassinations as government policy, and other crimes. The campaign of the Democrats over the Russian “attack”—a lie fashioned from whole cloth—has been accompanied by far-reaching moves to censor the internet under the guise of combating “fake news.”

The Democrats’ warmongering and attack on democratic rights come together in the persecution of WikiLeaks and its founder Julian Assange, whose enduring contribution to the population of the world was the exposure of the crimes of American imperialism. For this, Assange is currently imprisoned in Britain, facing imminent rendition to the United States. The courageous whistleblower Chelsea Manning is in jail for refusing to testify against him.

Such is Clinton’s defense of “our democracy.”

All of this further demonstrates that in the conflict between Trump and the Democratic Party there is no progressive or democratic faction. The anti-Russia narrative has not been challenged by any section of the Democratic Party, including Bernie Sanders, who is again seeking to cover up this warmongering party with a thin veneer of social reforms that it has no intention of implementing.

The conflict between the Democrats and the Trump administration is a conflict between two reactionary factions of the ruling class. All those political organizations and groups that are seeking to direct social opposition behind the Democratic Party are playing the most criminal role. They are no less terrified than Trump and the Democrats of the development of a genuine socialist movement of the working class, which will oppose American capitalism and its wars.


GRIFTER AND PHONY CHARITY FOUNDATION FRAUDSTER HILLARY CLINTON’S LONG SERVICE TO AMERICA’S MOST EVIL BANKSTERS

 

https://mexicanoccupation.blogspot.com/2019/08/the-democrat-party-grifter-and-pay-to.html

 

The judge found these releases, together with the publication of Clinton’s secret speeches to Wall Street banks, in which she pledged to be their representative, were “matters of the highest public concern.” They “allowed the American electorate to look behind the curtain of one of the two major political parties in the United States during a presidential election.”

 

“Clinton also failed to mention how he and Hillary cashed in after his presidential tenure to make themselves multimillionaires, in part by taking tens of millions in speaking fees from Wall Street bankers.”


CLINTON MAFIA AND THEIR BANKSTERS AT GOLDMAN SACHS

WHO IS TIGHTER WITH THE PLUNDERING BANKSTERS? CLINTON, OBAMA or TRUMP?

https://hillaryclinton-whitecollarcriminal.blogspot.com/2018/10/hillary-clinton-and-her-banksters-at.html

 

The Clinton White House famously abolished the Glass–Steagall legislation, which separated commercial and investment banking. The move was a boon for Wall Street firms and led to major bank mergers that some analysts say helped contribute to the 2008 financial crisis.

 

Bill and Hillary Clinton raked in massive speaking fees from Goldman Sachs, with CNN documenting a total of at least $7.7 million in paid speeches to big financial firms, including Goldman Sachs and UBS. Hillary Clinton made $675,000 from speeches to Goldman Sachs specifically, and her husband secured more than $1,550,000 from Goldman speeches. In 2005 alone, Bill Clinton collected over $500,000 from three Goldman Sachs events.

 


Hillary Clinton is simply the epitome of the rabid self – a whirlpool of selfishness, greed, and malignance.

 

https://hillaryclinton-whitecollarcriminal.blogspot.com/2016/11/it-may-well-be-true-that-donald-trump.html

 

It may well be true that Donald Trump has made his greatest contribution to the nation before even taking office:  the political destruction of Hillary Clinton and her infinitely corrupt machine. J.R. Dunn

 

"Hillary will do anything to distract you from her reckless record and the damage to the Democratic Party and the America she and The Obama's have created."


There is evidence that HSBC and other major banks stepped up their money laundering for drug cartels and other criminal outfits in response to the financial crisis that began to emerge in earnest in 2007 and exploded in September of 2008 with the collapse of Lehman Brothers.

HSBC laundered hundreds of millions and perhaps billions of dollars for drug cartels responsible for the deaths of tens of thousands of people over the past two decades. The bank transferred at least $881 million of known drug trafficking proceeds, including money from the Sinaloa Cartel in Mexico, which is known for dismembering its victims and publicly displaying their body parts.

BEFORE HIS FIRST DAY IN OFFICE AS PRESIDENT, BARACK OBAMA HAD ALREADY SUCKED OFF MORE BANKSTER BRIBES THAN ANY PRESIDENT IN HISTORY. WHAT DID THE BANKSTERS KNOW THAT THE REST OF US DID NOT?

The Republican staff of the US House Committee on Financial Services released a report Monday presenting its findings on why the Obama Justice Department and then-Attorney General Eric Holder chose not to prosecute the British-based HSBC bank for laundering billions of dollars for Mexican and Colombian drug cartels.

Last June, when JPMorgan Chase CEO Jamie

Dimon testified before the Senate on unreported

losses of at least $5 billion, sitting behind him was

the bank’s chief counsel, Stephen Cutler, who had

graduated to that post after serving as SEC

enforcement chief.


A key factor in Obama’s newfound and growing

wealth are those who profited from his

presidency. A number of his public speeches

have been given to big Wall Street firms and

investors. Obama has given at least nine

speeches to Cantor Fitzgerald, a large

investment and commercial real estate firm, and

other high-end corporations. According to

records, each speech has been at least $400,000 a

clip.

“Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations—and the banks play a key role. ‘Some of these people in crisp white shirts in their sharp suits are feeding off the tragedy of people dying all over the world,’ said Martin Woods, a former suspicious transactions investigator for Wachovia.’”


“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG

 

Judicial Watch’s records request is designed to expose how California state legislators are wasting tax dollars to take care of another corrupt politician – Eric Holder – under the guise of resisting the rule of law on immigration and other matters,” stated Judicial Watch president Tom Fitton.  “His record at the Clinton and Obama Justice Departments demonstrates a willingness to bend the law in order to protect his political patrons.

 

And it all got much, much worse after 2008, when

the schemes collapsed and, as Lemann points out,

Barack Obama did not aggressively rein in Wall

Street as Roosevelt had done, instead restoring the

status quo ante even when it meant ignoring a

staggering white-collar crime spree.

                                          RYAN COOPER

 

“The Obama/Biden was the most corrupt, criminal

administration any of us has ever seen, yet the media cheered

or covered up all the abuse of  power, obstruction of

 Justice and other crimes. “ JACK HELLNER

 

During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.”


In fact, Obama handed the robber barons and

outright criminals responsible for the 2008–09

financial crisis a multi-trillion-dollar bailout. His

administration oversaw the largest redistribution of

wealth in history from the bottom to the top one

percent, spearheading the attack on the living

standards of teachers and autoworkers.

 

“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”

 


Big Banks Throw Support Behind Joe Biden’s Big Amnesty for Illegal Aliens

NEW YORK, NEW YORK - JANUARY 28: The New York Stock Exchange (NYSE) stands in the Financial District in Manhattan on January 28, 2021 in New York City. Markets continue a volatile streak with the Dow Jones Industrial Average rising over 500 points in morning trading following yesterdays losses. Shares …
Spencer Platt/Getty Images
2:28

Six of the United States’ biggest banks signaled support for President Joe Biden’s massive amnesty plan that would put roughly 11 to 22 million illegal aliens on a path to securing American citizenship while doubling legal immigration levels.

During a Senate Banking Committee hearing, the chief executives of Wells Fargo, Goldman Sachs, Citigroup, JPMorgan Chase, Bank of America, and Morgan Stanley suggested that Biden’s amnesty plan “would ultimately help us build a more robust, stronger economy” in a line of questioning from Sen. Bob Menendez (D-NJ).

Menendez, in a post online, touted Wall Street’s support for the Biden amnesty plan:

Biden’s amnesty plan, introduced in the Senate by Menendez, would import a foreign-born population nearly the size of California by 2031 as nearly 12 million illegal aliens would have taken advantage of the amnesty provisions by then, previous analysis has found.

Overall, the Biden amnesty would likely bring more than 37.3 million foreign nationals to the U.S. — a boon for Wall Street and other corporate interests looking to inflate the U.S. labor market, reduce the cost of labor, invest in more necessary housing while adding as many consumers to the market as possible.

Wall Street is only the latest special interest to join an amnesty coalition that is currently being spearheaded by Biden and former President George W. Bush.

Others lobbying Republican lawmakers to back the massive amnesty include the Koch-funded Americans for Prosperity, the U.S. Chamber of Commerce, the Business Roundtable, the Bloomberg-funded New American Economy, the Texas Association of Business, and taxpayer-funded refugee contractors.

Every year more than 1.2 million legal immigrants are awarded green cards, another 1.4 million foreign nationals are given visas, and hundreds of thousands of illegal aliens are added to the U.S. population. Aside from Wall Street, the big business lobby and Big Tech have lobbied for years for an amnesty and an increase in legal immigration levels to boost their profit margins by cutting labor costs through U.S. job outsourcing.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here



 

Sold Out: How High-Tech Billionaires & Bipartisan Beltway Crapweasels Are ScrewingAmerica's Best & Brightest

By Michelle Malkin and John Miano

Analysis conducted in 2018 discovered that 71 percent of tech workers in Silicon Valley, California, are foreign-born, while the tech industry in the San Francisco, Oakland, and Hayward area is made up of 50 percent foreign-born tech workers. Up to 99 percent of H-1B visa workers imported by the top eight outsourcing firms are from India.

Joe Biden’s Donor List Includes More than 30 Executives Tied to Wall Street

JOHN BINDER

Democrat presidential candidate Joe Biden has more than 30 business executives on his donor list that have connections to Wall Street.

Analysis of Biden’s more than 800 big donors, those who have bundled contributions for his presidential bid against President Trump, found that more than 30 of the executives listed have ties to Wall Street.

CNBC reports:

CNBC reviewed a new list of more than 800 Biden bundlers who raised at least $100,000 for the campaign, and found that several of them had links to financial firms. A few had been mentioned on the initial list of Biden fundraisers that was released in 2019 during the Democratic primary contests. [Emphasis added]

Beyond those from Wall Street, Biden’s campaign saw fundraising help from leaders in Silicon Valley, including LinkedIn co-founder Reid Hoffman and venture capitalist Ron Conway. [Emphasis added]

Those executives with ties to Wall Street funding Biden’s campaign include:

Frank Baker, Brett Barth, Jim Chanos, Mark Chorazak, David Clunie, William Derrough, Roger Altman, Blair Effron, Jon Feigelson, Mark Gallogly, John Rogers, Jon Gray, Tony James, Jon Henes, Sonny Kalsi, Orin Kramer, Brad Krap, Brian Kreiter, Marc Lasry, Nate Loewenthall, Eric Mindich, Kara Moore, Charles Myers, Alan Patricof, Deven Parekh, Robert Rubin, Evan Roth, Faiza Saeed, Rajen Shah, Jay Snyder, Rob Stavis, and Jeff Zients.

As Breitbart News reported, Biden’s campaign


is being backed by nearly “all the big banks” on


Wall Street, according to CNN analysis, and


Wall Street executives and employees have


donated more than $74 million to elect the


former vice president.

Trump, on the other hand, has accepted far less money from Wall Street — taking just a little over $18 million dollars from financial firms. This is a whopping $56 million less than what Biden has accepted from Wall Street.

Despite his Wall Street, big business, Big Tech, and billionaire donations, Biden has attempted to portray himself as a small-town fighter from Scranton, Pennsylvania.

In a post on Sunday, Biden wrote that “Donald Trump sees the world from Park Avenue,” whereas he sees the world “from where I came from: Scranton, Pennsylvania.” In fact, Biden has raised over $1 million from wealthy Park Avenue donors, more than eight times the less than $130,000 that Trump has taken from Park Avenue residents.

John Binder is a reporter for Breitbart News. Follow him on Twitter 



Big Tech and Big Law dominate Biden

transition teams, tempering progressive hopes

Alexander Nazaryan administration takes office in January.

WASHINGTON — For six years, Brandon Belford worked as an economic policy adviser to President Barack Obama in the White House and federal agencies. He moved to the Bay Area when Donald Trump became president, part of a massive flight of Obama officials from Washington to Silicon Valley, Wall Street and Hollywood. He took high-ranking positions with Apple and then Lyft, where he is currently the ride-sharing company’s chief of staff.

Now Belford is back, as part of one of the “transition teams” named by President-elect Joe Biden to restock a federal government that has been battered after four years of Trump by hiring new officials and advising the incoming administration on what its first governing steps should be. 

Those steps could be timid, judging by the composition of those teams, where Obama-era centrism prevails. That has some progressives worried that Biden represents nothing more than a return to normal, at a time when many of them believe the nation is ready to embrace policy ideas well to the left of center. 

“The status quo is killing us,” says former Bernie Sanders press secretary Briahna Joy Gray, who now hosts a podcast called “Bad Faith.” 

Belford is joined by dozens of other Democratic operatives who have spent the past four years working at prestigious law firms and think tanks. On these “agency review teams” are high-ranking executives from Amazon, partners at white-shoe law firms like Covington & Burling and enough experts from D.C. center-left think tanks — including six from the Brookings Institution alone — to fill a center-left think tank.

Progressives knew this was coming. “I am very concerned about the role Uber executives would play in this administration,” Rep. Alexandria Ocasio-Cortez D-N.Y., told Yahoo News. Even though she also effusively praised the appointment of Ron Klain as the incoming White House chief of staff, Ocasio-Cortez vowed that corporate America would not “pull the wool over our eyes” when it came to crafting the Biden presidency.

Some have put it less bluntly. “Biden’s transition team is full of wealthy corporate executives who are completely disconnected from the struggles of the working class,” complains left-leaning activist Ryan Knight, whose Twitter handle is @ProudSocialist. 

App-based drivers from Uber and Lyft protest in a caravan in front of City Hall in Los Angeles on October 22, 2020 where elected leaders hold a conference urging voters to reject on the November 3 election, Proposition 22, that would classify app-based drivers as independent contractors and not employees or agents. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)More

He was presumably referring to the two dozen agency review team officials who come from law firms like Arnold & Porter. Or to the 40 or so members of the Biden transition who are current or recent lobbyists.

The agency review teams are not exactly settling into their cubicles just yet. For one, President Trump has not yet conceded the election, and the transition has been hindered in part by Republican operatives at the General Services Administration. And agency review is an enormously complex process, one that actually began months ago. The transition teams are supposed to ensure a “smooth transfer of power,” in large part by making sure that capable officials are ready to get to work in their respective agencies the moment Biden lifts his hand from the Lincoln Bible.

Speaking on the condition of anonymity, one member of the Biden campaign working on agency-related matters says teams were primarily tasked with surveying the landscape of the federal bureaucracy. She says that the transition teams would make some hiring recommendations, but only as a secondary function.

With a single exception, the agency review team members mentioned in this article did not respond to requests for comment.

One with a typically impressive biography is that of Aneesh Chopra, who served as the U.S. chief technology officer for Obama before starting his own medical data logistics company, CareJourney. Now he is on the transition team for the U.S. Postal Service, where he will presumably work to undo the alleged damage by another logistics maven: Trump appointee Louis DeJoy.  

Of course, most progressives are glad that there’s a Biden transition to speak of, instead of a second Trump term. But they also recognize their own role in the Democratic candidate’s victory.

“Everyone fell into line and did everything they could to get Joe Biden elected,” says Max Berger, a progressive activist who worked for Elizabeth Warren’s presidential campaign and Justice Democrats, the group that helped elect Ocasio-Cortez to the House in 2018. 

Berger recognizes that progressives will be a “junior partner” to the establishment Democrats with whom Biden has been ideologically and temperamentally aligned for a good half-century. They want to be partners all the same, not just the loyal opposition.

Many are cheered by some of the agency review teams. For one, they are notably more diverse, a stark contrast to Trump’s reliance on white males for so much of his advice. On the transition team for the National Aeronautics and Space Administration is Jedidah Isler, the Dartmouth professor who in 2014 became the first Black woman to earn a doctorate in astrophysics from Yale. The transition team for the Small Business Administration includes Jorge Silva Puras, a political leader in Puerto Rico who also teaches entrepreneurship at a community college in the Bronx. 

“The presence of labor officials throughout many of the groups is notable,” says David Dayen, executive editor of the American Prospect. In the Department of Education team, for example, are several executives from the American Federation of Teachers.

He called the Federal Reserve and Treasury teams “all-stars,” a sentiment shared by other progressives interviewed for this article. On the Treasury team is Mehrsa Baradaran, a progressive economist who has written on the racial wealth gap. She is also on the Federal Reserve team, along with Reena Aggarwal, a corporate governance expert.

Progressive strategist Elizabeth Spiers says the finance-related teams are not “not quite Elizabeth Warren levels of aggressiveness but also not stuffed with finance people.” Biden’s advisers appear to have learned the lessons of his former boss. During Obama’s first year, he relied on banking executives to help quell the financial crisis. They did so in ways that steered the new president away from progressive proposals, such as nationalizing those very same banks

There is not a single current executive from Citibank or Goldman Sachs on any of the transition teams. Bank of America has also been shut out. JPMorgan can boast a single toehold in the agency review process: Lisa Sawyer of the Pentagon team. A spokesman for JPMorgan told Yahoo News that the bank was “following the appropriate election laws” and that Sawyer was “not on an agency review team that will touch any banking issues.”

“I think the Biden administration is going to be

 surprising to progressives in some ways and

 disappointing in others, and the agency review

 teams reflect that,” Dayen says. During the

 summer, the American Prospect published a

 lengthy exposé about Biden’s foreign policy

 advisers’ lucrative foray into corporate

 America. Many are set to return to the highest

 echelons of official Washington. 

“I have to be cautiously optimistic,” says Waleed Shahid, communications director for the Justice Democrats. 

Relatively young progressives like Shahid are less likely to wax romantic about the way things were in Washington. They are less interested in experience than conviction. But for many in Biden’s camp, a lack of experience was among the several fatal flaws of the Trump years.

“Everyone — right or left — has made the mistaken assumption for years that governing is easy,” says “The Death of Expertise” author Tom Nichols, who teaches at the Naval War College and is an ardently anti-Trump Republican.

“After having a bunch of nitwits and cronies loose in the government,” Nichols wrote in an email, “I think a lot of people on the left are really giving in to the assumption that as long as you’re not Trump, or not a complete idiot, anyone can do it.”

Given the title and theme of his book, Nicholas cautioned against that approach. “It’s a childish and silly approach to government, but it’s a bipartisan problem,” he told Yahoo News.

While progressive may not see their stars like Sens. Bernie Sanders or Elizabeth Warren occupying the Treasury Department, they do very much hope that a Biden presidency amounts to more than a third Obama term. It was unaddressed economic inequality, they believe, that bred the populist resentment that gave Trump an opening in 2016. The coronavirus has only made that inequality worse. That will only increase populist resentment, they worry, to be exploited by a Trump acolyte — or perhaps Trump himself, again — in 2024.

Addressing that inequality, for now, falls to transition team officials like Mark Schwartz of Amazon and Ted Dean of Dropbox, as well as Arun Venkataraman of Visa and David Holmes of defense contractor Rebellion Defense, in which Eric Schmidt of Google is an investor. Many of these officials are veterans of the Obama administration or Democratic offices on the Hill. 

“There is a lot of corporate influence there,” says Maurice Weeks, co-founder of the Action Center on Race and the Economy. “And that is troubling.” But he is encouraged by the presence of “hard-core progressives” like Sarah Miller, a former Treasury deputy who is both an anti-Facebook activist and the executive of the American Economic Liberties Project, which seeks to curb corporate power. She is now on the Treasury transition team.

In some ways, the difference is between former Obama officials who, like Miller, went on to become activists and those who moved on to become rich. The latter did only what many government officials had done before them. But at a time of mass unemployment, a stint at the corporate law firm Latham & Watkins (three transition team members) may not seem as impressive as it may have when Obama was president.

“We don’t just want to rewind the clock by four years,” Weeks says.

For many progressives, Trump was a singular threat to important institutions of the federal government, but rebuilding those institutions is simply not as important as rebuilding entire communities shattered by economic, social and racial inequalities. 

Wall Street, Big Banks Spend $74 Million Trying to Get Joe Biden Elected

Drew Angerer/Getty Images

JOHN BINDER

29 Oct 2020330

3:03

Wall Street donors from the nation’s biggest banks will end up spending about $74 million trying to get Democrat presidential candidate Joe Biden elected.

The latest financial report from the Center for Responsive Politics reveals that Biden is set to rake in more than $74 million from Wall Street, which is more than the financial industry gave President Obama in his 2008 and 2012 campaigns combined.

CNBC reports:

The sum includes contributions that began in 2019 and continued through the first two weeks of October to Biden’s joint fundraising committees and outside super PACs backing his run. Former Goldman Sachs President Harvey Schwartz gave $100,000 this month to the Biden Action Fund, a joint fundraising committee for the campaign, the Democratic National Committee and state parties. [Emphasis added]

Biden also received a ton of financial support from leaders on Wall Street in the third quarter. Going into the final two weeks of the election, Biden, the DNC and their joint fundraising committees had over $330 million on hand. That’s $110 million more than for Trump, the Republican National Committee and their joint committees. Biden’s campaign is on track to raise $1 billion in the six days until Election Day. [Emphasis added]

Biden’s campaign chairman, Steve Ricchetti, met with finance executives in January to encourage them to back his candidate, CNBC reported at the time. Attendees included Evercore founder Roger Altman, longtime investor Blair Effron, Blackstone Chief Operating Officer Jonathan Gray, former Citigroup executive Ray McGuire, Centerbridge Partners co-founder Mark Gallogly, and former U.S. Ambassador to France Jane Hartley. [Emphasis added]

Biden, by November 3, will have raised just about $13 million less from Wall Street than Hillary Clinton in her failed 2016 presidential run.

President Trump has received just a fraction of what Biden has taken from Wall Street. By November 3, Trump will finish the race with more than $18 million from Wall Street executives and employees — a whopping $56 million less than Biden’s total.

CNN analysis from September noted that “all the big banks” are backing Biden against Trump this election, as they backed Clinton against Trump in 2016.

Moody’s Analytics and Goldman Sachs reports to investors have sought to boost Biden’s chances against Trump by cheering a potential “blue wave” on election day. Biden has reportedly promised Wall Street donors, behind closed doors, a return to a globalized, economic status quo that has forced working and middle-class American communities into a managed decline for decades.

John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder. 

 

HSBC laundered hundreds of millions and perhaps billions of dollars for drug cartels responsible for the deaths of tens of thousands of people over the past two decades. The bank transferred at least $881 million of known drug trafficking proceeds, including money from the Sinaloa Cartel in Mexico, which is known for dismembering its victims and publicly displaying their body parts.

BEFORE HIS FIRST DAY IN OFFICE AS PRESIDENT, BARACK OBAMA HAD ALREADY SUCKED OFF MORE BANKSTER BRIBES THAN ANY PRESIDENT IN HISTORY. WHAT DID THE BANKSTERS KNOW THAT THE REST OF US DID NOT?

The Republican staff of the US House Committee on Financial Services released a report Monday presenting its findings on why the Obama Justice Department and then-Attorney General Eric Holder chose not to prosecute the British-based HSBC bank for laundering billions of dollars for Mexican and Colombian drug cartels.

Last June, when JPMorgan Chase CEO Jamie Dimon testified before the Senate on unreported losses of at least $5 billion, sitting behind him was the bank’s chief counsel, Stephen Cutler, who had graduated to that post after serving as SEC enforcement chief.

A key factor in Obama’s newfound and growing wealth are those who profited from his presidency. A number of his public speeches have been given to big Wall Street firms and investors. Obama has given at least nine speeches to Cantor Fitzgerald, a large investment and commercial real estate firm, and other high-end corporations. According to records, each speech has been at least $400,000 a clip.

“Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations—and the banks play a key role. ‘Some of these people in crisp white shirts in their sharp suits are feeding off the tragedy of people dying all over the world,’ said Martin Woods, a former suspicious transactions investigator for Wachovia.’”

BLOG EDITOR: JP MORGAN IS BARACK OBAMA’S FAVE CRIMINAL BANKSTER. THEY HAVE BEEN VERY GENEROU$ TO OBOMB AND HIS BIDENBOY.

“The other banks on the top 10 list are JPMorgan Chase (whose CEO Jamie Dimon was once known as Obama's "favorite banker"), New York Mellon, Standard Chartered, Barclays, HSBC, Bank of China, Bank of America, Wells Fargo and Citibank.”

HSBC HAS LONG HAD A HISTORY AS THE CHOICE BANKSTER FOR THE MEXICAN DRUG CARTELS. OBAMA’S BANKSTER REGIME MADE SURE THAT NO ONE WENT TO PRISON AT HSBC. DURING HIS 8 YEARS BANKSTER-OWNED ERIC HOLDER, A SOCIOPATH LAWYER, MADE SURE THAT NO BANKSTER PERIOD SAW PRISON TIME. NOT THEY’RE BACK AT IT. WHO WOULD HAVE THOUGHT?!?

The report goes on to explain that “even after they were prosecuted or fined for financial misconduct, banks such as JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon continued to move money for suspected criminals.”

In 2012, the Obama administration refused to criminally prosecute Britain’s biggest bank, HSBC, after it acknowledged laundering billions of dollars for Mexican and Colombian drug cartels. Among the bank’s major clients was the Sinaloa Cartel in Mexico, which is known for dismembering its victims and publicly displaying their body parts.

 

“Attorney General Eric Holder's tenure was a low point even within the disgraceful scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG

 

Judicial Watch’s records request is designed to expose how California state legislators are wasting tax dollars to take care of another corrupt politician – Eric Holder – under the guise of resisting the rule of law on immigration and other matters,” stated Judicial Watch president Tom Fitton.  “His record at the Clinton and Obama Justice Departments demonstrates a willingness to bend the law in order to protect his political patrons.

 

And it all got much, much worse after 2008, when the schemes collapsed and, as Lemann points out, Barack Obama did not aggressively rein in Wall Street as Roosevelt had done, instead restoring the status quo ante even when it meant ignoring a staggering white-collar crime spree. RYAN COOPER

 

“The Obama/Biden was the most corrupt, criminal

administration any of us has ever seen, yet the 

media cheered or covered up all the abuse of 

power, obstruction of Justice and other crimes. “ JACK HELLNER

 

During his presidency, Obama bragged that his administration was “the only thing between [Wall Street] and the pitchforks.”

In fact, Obama handed the robber barons and outright criminals responsible for the 2008–09 financial crisis a multi-trillion-dollar bailout. His administration oversaw the largest redistribution of wealth in history from the bottom to the top one percent, spearheading the attack on the living standards of teachers and autoworkers.

 

“This was not because of difficulties in securing indictments or convictions. On the contrary, Attorney General Eric Holder told a Senate committee in March of 2013 that the Obama administration chose not to prosecute the big banks or their CEOs because to do so might “have a negative impact on the national economy.”

 

Report documents criminality and corruption at heart of global banking system


An explosive report published Sunday by BuzzFeed News documents the role that major US and international banks knowingly play in laundering and circulating trillions of dollars in dirty money from terrorist organizations, drug cartels and assorted international financial criminals.

The report is an unanswerable indictment not only of the banks, but also of Western governments and regulatory agencies, which are fully aware of the banks’ illegal but highly lucrative activities and tacitly sanction them.

BuzzFeed writes that its investigation demonstrates “an underlying truth of the modern era: The networks through which dirty money traverses the world have become vital arteries of the global economy. They enable a shadow financial system so wide-ranging and so unchecked that it has become inextricable from the so-called legitimate economy. Banks with household names have helped to make it so.”

The report continues: “Profits from deadly drug wars, fortunes embezzled from developing countries, and hard-earned savings stolen in a Ponzi scheme were all allowed to flow into and out of these financial institutions, despite warnings from the banks’ own employees.

“Money laundering is a crime that makes other crimes possible. It can accelerate economic inequality, drain public funds, undermine democracy, and destabilize nations—and the banks play a key role. ‘Some of these people in crisp white shirts in their sharp suits are feeding off the tragedy of people dying all over the world,’ said Martin Woods, a former suspicious transactions investigator for Wachovia.’”

The report goes on to explain that “even after they were prosecuted or fined for financial misconduct, banks such as JPMorgan Chase, HSBC, Standard Chartered, Deutsche Bank and Bank of New York Mellon continued to move money for suspected criminals.”

The extensive report is based on more than 21,000 “suspicious activity reports” (SARs) filed by some of the world’s biggest banks with the US Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, between 1999 and 2017. FinCEN makes its database of SARs available to more than 450 law enforcement and regulatory agencies across the United States.

What BuzzFeed calls the “FinCEN Files” were leaked to the news outlet more than a year ago. It has since been combing through them, in collaboration with the International Consortium of Investigative Journalists, which coauthored the report.

BuzzFeed News notes that it also shared the SARs with more than 100 other news organizations in 88 countries. The report, titled “Dirty Money Pours into the World’s Most Powerful Banks,” includes only a small and redacted sample of the news outlet’s hoard of suspicious activity reports.

The US government maintains a policy of total secrecy in relation to the SARs, refusing to release them even in response to Freedom of Information requests. Earlier this year, the Treasury Department issued a statement declaring that the unauthorized disclosure of SARs is a crime. In an obvious attempt at intimidation and threat of prosecution, the statement added that the matter was being referred to the Department of Justice and the Treasury Department’s Office of Inspector General.

The initial response of the American corporate media has been to bury or entirely ignore the BuzzFeed revelations. Monday’s print edition of the New York Times carried a report on page eight of its business section. The print editions of the Washington Post and the Wall Street Journal made no mention of the exposé.

The report is based on more than 22,000 pages of documents concerning over 10,000 subjects and involving more than 170 countries and territories. Nearly 90 banks and other financial institutions are included in the institutions that submitted the SARs.

Deutsche Bank recorded the highest total value of transactions listed in the FinCEN Files: $1.3 trillion, based on 982 suspicious activity reports.

BLOG EDITOR: THE CRIMINAL ORGANIZATION OF WELLS FARGO HAS LONG OWNED THE OLD WHORE FEINSTEIN AND NOW KAMALA HARRIS. AS ATTORNEY GENERAL OF CA, HARRIS MADE SURE NO WELLS FARGO EXECS WENT TO PRISON DESPITE THE MASSIVE ECONOMIC DEVASTATION THIS BANK CAUSED. WELLS FARGO HAS CONTINUE TO BE A CRIME TIDAL WAVE EVER SINCE. AFTER ALL, IT’S EASY AND CHEAP TO BUY A POLITICIAN.

The other banks on the top 10 list are JPMorgan Chase (whose CEO Jamie Dimon was once known as Obama's "favorite banker"), New York Mellon, Standard Chartered, Barclays, HSBC, Bank of China, Bank of America, Wells Fargo and Citibank.

One report, filed by JPMorgan in August, 2014, lists over $355 billion in suspicious activity relating to more than 100,000 wire transfers “sent, received or transferred” over the course of a decade by MKS, a Swiss-based company that trades in precious metals.

At least 25 of the people named as subjects in the SARs have appeared on Forbes ’ list of billionaires in 2018, 2019 or 2020.

The findings featured in the BuzzFeed report include:

● Standard Chartered moved money on behalf of Al Zarooni Exchange, a Dubai-based business that was later accused of laundering cash on behalf of the Taliban.

● HSBC’s Hong Kong branch allowed WCM777, a Ponzi scheme, to move more than $15 million even as the business was being barred from operating in three states. Authorities say the scheme stole some $80 million from investors, mainly Latino and Asian immigrants. The firm’s owner used the funds to buy two golf courses, a mansion, a 39.8-carat diamond and mining rights in Sierra Leone.

● Bank of America, Citibank, JPMorgan Chase, American Express and other financial firms processed millions of dollars in transactions for Viktor Khrapunov, the former mayor of Kazakhstan’s most populous city, even after Interpol issued an order for his arrest. Khrapunov fled to Switzerland and was later convicted in absentia on charges including bribe-taking and defrauding the city.

A separate piece by NBC News presents evidence that JPMorgan, Bank of New York Mellon and other banks helped move more than $150 million for companies tied to the North Korean regime.

In other words, the biggest US and international banks have made countless millions in profits serving as money-launderers for organizations labeled "terrorist" such as the Taliban and governments of so-called “rogue states” such as North Korea—with the knowledge and tacit approval of the governments of the US and other major powers—even as these same governments were waging or threatening war against the targeted organizations and overseas regimes.

The BuzzFeed report describes the cynical rationale behind the formality of banks filing SARs, which, for the most part, are never even read by the staff of FinCEN. Over the past decade, the number of SARs filed by major banks has sharply increased, indicating a growth of money laundering and other illegal activities on behalf of criminal clients. Over the same period, the staff of FinCEN has shrunk by 10 percent.

Banks are legally required to file a SAR with FinCEN if they suspect a transaction might be linked to illegal activity. Large banks file tens of thousands of such reports every year. In 2017, 19 large banks filed a total of 640,000 suspicious activity reports, according to a study by the Bank Policy Institute, a lobbying group.

But as the BuzzFeed report explains: “So long as a bank files a notice that it may be facilitating criminal activity, it all but immunizes itself and its executives from criminal prosecution. The suspicious activity alert effectively gives them a free pass to keep moving the money and collecting the fees.”

In its article on the FinCEN Files report, the New York Times noted that JPMorgan wired money to banks in Switzerland, Lebanon and Nigeria on behalf of a convicted money launderer, reported the transactions to British and American authorities, and continued doing business with the client. The Nigerian government is now suing the bank in British court.

This collusion between gangster bankers and capitalist government regulators is a continuation of longstanding policy. In 2012, the Obama administration refused to criminally prosecute Britain’s biggest bank, HSBC, after it acknowledged laundering billions of dollars for Mexican and Colombian drug cartels. Among the bank’s major clients was the Sinaloa Cartel in Mexico, which is known for dismembering its victims and publicly displaying their body parts.

That was in keeping with the policy of the US government of shielding top bankers from any accountability for illegal activities, including those that led to the collapse of the financial system in 2008 and ushered in what at that time was the deepest slump since the Great Depression. To this day, not a single leading executive of a major bank has been prosecuted, let alone jailed, for fraudulent activities that led to the destruction of millions of jobs and the decimation of working class living standards in the US and around the world.

Here, in a nutshell, is the modern-day aristocratic principle that prevails behind the threadbare trappings of “democracy.” The financial robber barons of today are a law unto themselves. They can steal, plunder, even murder at will, without fear of being called to account. They devote a portion of their fabulous wealth to bribing politicians, regulators, judges and police—from the heights of power in Washington down to the local police precinct—to make sure their wealth is protected and they remain immune from criminal prosecution.

 

Above the law


BARACK OBAMA, THE MEXICAN DRUG CARTELS


AND HSBC BANKSTERS

 

In the latest scandal involving the criminal activities of major banks, the US Justice Department on Tuesday announced a $1.9 billion settlement with British-based HSBC on charges of money laundering on a massive scale for Mexican and Colombian drug cartels.

The deal was specifically designed to avert criminal prosecution of either the bank, the largest in Europe and third largest in the world, or any of its top executives. Even though the bank admitted to laundering billions of dollars for drug lords, as well as violating US financial sanctions against Iran, Libya, Burma and Cuba, the Obama administration avoided an indictment by means of a “deferred prosecution agreement.”

The agreement was in keeping with the policy of the US government of shielding top bankers from any accountability for illegal activities that led to the collapse of the financial system in 2008 and ushered in the global recession. Not a single leading executive of a major bank has been prosecuted, let alone jailed, for fraudulent activities that triggered the present crisis, leading to the destruction of millions of jobs and the decimation of working-class living standards in the US and around the world.

Under the protection of the state, the frenzied speculation and swindling continue unabated, underpinning record profits for the banks and bigger-than-ever multi-million-dollar compensation packages for top bankers.

In a front-page article on Tuesday, the New York Times outlined internal discussions within the Obama administration that led to the decision not to indict HSBC. The Times reported that prosecutors at the Justice Department and the New York District Attorney’s office pushed for a compromise in which the bank would be indicted not for money laundering, but for the lesser charge of violating the Bank Secrecy Act.

 

BLOG EDITOR: WHY DO THESE BANKSTER POLS THINK WE’RE ALL STUPID? JUST FOLLOW THE MONEY… RIGHT INTO OBOMB’S POCKETS!

Even this, however, was too much for the Obama administration. The Treasury Department, headed by former New York Federal Reserve President Timothy Geithner, and the Office of the Comptroller of the Currency, the federal regulatory agency charged with policing major banks including HSBC, vetoed any prosecution on the grounds that a serious legal blow to HSBC would jeopardize the financial system.

What does this mean? HSBC, in its pursuit of profit, facilitated the activities of drug cartels that have been the target of the so-called “drug war”—a war prosecuted by the Mexican military at the behest of and with the collaboration of Washington—in which over 60,000 people have died. This is in addition to the human suffering caused by the narcotics trade in the US and around the world.

It was allowed to pay a token fine—less than 10 percent of its profits for 2011 and a fraction of the money it made laundering the drug bosses’ blood money. Meanwhile, small-time drug dealers and users, often among the most impoverished and oppressed sections of the population, are routinely arrested and locked up for years in the American prison gulag.

The financial parasites who keep the global drug trade churning and make the lion’s share of money from the social devastation it wreaks are above the law. As the Times put it, “certain financial institutions, having grown so large and so interconnected, are too big to indict.”

Here, in a nutshell, is the modern-day aristocratic principle that prevails behind the threadbare trappings of “democracy.” The financial robber barons of today are a law unto themselves. They can steal, plunder, even murder at will, without fear of being called to account. They devote a portion of their fabulous wealth to bribing politicians, regulators, judges and police—from the heights of power in Washington down to the local police precinct—to make sure their wealth is protected and they remain immune from criminal prosecution.

The role of so-called “regulators” such as the Federal Reserve, the Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency is to run interference for the bankers. They are well aware that crimes are being committed on a daily basis, but turn a blind eye because criminality is intrinsic to the operations of Wall Street and the profits it takes in.

There is evidence that HSBC and other major banks stepped up their money laundering for drug cartels and other criminal outfits in response to the financial crisis that began to emerge in earnest in 2007 and exploded in September of 2008 with the collapse of Lehman Brothers.

Following a similar “deferred prosecution” deal with Wachovia Bank in 2010 for its drug money laundering operations, Antonio Maria Costa, who then headed the United Nations office on drugs and crime, said that the flow of crime syndicate money represented the only “liquid investment capital” available to the banks at the height of the crisis. “Inter-bank loans were funded by money that originated from the drugs trade,” he said.

There can be little doubt that US regulators and political leaders gave their tacit consent to these operations as part of their rush to rescue Wall Street from the consequences of its own money-mad speculative binge.

The incestuous relationship between bank regulators and the banks comes into full view in the case of another recent bank scandal. Last week, Deutsche Bank was named by three ex-employees in a complaint to the SEC alleging that it fraudulently concealed $12 billion in losses between 2007 and 2009.

The Financial Times noted in passing that Robert Khuzami, the head of enforcement at the SEC, has recused himself from the probe because, before taking his post at the federal agency, he was Deutsche Bank’s general counsel for the Americas from 2004 to 2009. In other words, he was in charge of legally defending the bank at the very time it was, according to whistle blowers, engaging in accounting fraud.

This was also the period when Deutsche Bank and other major banks were making billions by poisoning the world financial system with toxic mortgage-backed securities. Last year, the Senate Permanent Subcommittee on Investigations devoted 45 pages of a voluminous report on the financial crash to the fraudulent activities of Deutsche Bank.

The report noted that the bank’s top trader in collateralized debt obligations had referred to securities the bank was selling as “crap” and “pigs,” and called the banking industry’s CDO operations a “Ponzi scheme.”

That such a man should be put in charge of policing the banks is, in fact, par for the course. The man who recommended that the Obama administration give Khuzami the job, Richard Walker, the current chief counsel at Deutsche Bank, was himself a former head of enforcement at the SEC.

Last June, when JPMorgan Chase CEO Jamie Dimon testified before the Senate on unreported losses of at least $5 billion, sitting behind him was the bank’s chief counsel, Stephen Cutler, who had graduated to that post after serving as SEC enforcement chief.

This Augean stable of crime and corruption, which involves every official institution of American capitalism, cannot be reformed. The stranglehold of the financial aristocracy over economic life can be ended only through the mass mobilization of the working class to expropriate the bankers and place the major banks and financial institutions under public ownership and democratic control.

 

US Justice Department blocked


prosecution of HSBC bank for drug


cartel money laundering


The Republican staff of the US House

Committee on Financial Services released a

report Monday presenting its findings on why

the Obama Justice Department and then-

Attorney General Eric Holder chose not to

prosecute the British-based HSBC bank for

laundering billions of dollars for Mexican and

Colombian drug cartels.

The report, titled “Too Big to Jail,” reveals that in 2012 Holder and other senior Justice Department officials ignored an internal department recommendation to criminally prosecute key bankers at HSBC. The report also documents the fact that George Osborne, then Britain’s chancellor of the exchequer, warned the Obama administration that prosecution of the world’s fourth-largest bank could precipitate a new global financial crisis.

The report states: “Rather than lacking adequate evidence to prove HSBC’s criminal conduct, internal Treasury documents show that DOJ [Department of Justice] leadership declined to pursue AFMLS’s [Asset Forfeiture and Money Laundering] recommendation to prosecute HSBC because senior DOJ leaders were concerned that prosecuting the bank ‘could result in a global financial disaster’—as [Britain’s Financial Services Authority] repeatedly warned.”

HSBC laundered hundreds of millions and perhaps billions of dollars for drug cartels responsible for the deaths of tens of thousands of people over the past two decades. The bank transferred at least $881 million of known drug trafficking proceeds, including money from the Sinaloa Cartel in Mexico, which is known for dismembering its victims and publicly displaying their body parts.

In a lawsuit filed against HSBC by the families of Americans killed by Mexican cartels, prosecutors presented evidence that Mexican drug lords were such frequent customers at HSBC that the bank specifically designed deposit boxes for their use that would fit in HSBC bank teller windows.

The report documents the criminal role of the Obama administration in shielding the gangsters who run the major banks in the US and internationally from prosecution for their illegal and socially destructive deeds. It makes clear that the failure of the US government to hold criminally liable a single leading Wall Street figure in the aftermath of the 2008 financial crash, which was triggered by rampant fraud and swindling, is the result of a highly conscious and systematic policy.

Holder himself all but admitted as much in testimony before the Senate Judiciary Committee in March of 2013, when he declared: “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy.”

Instead of jailing the banksters, the administration and the Federal Reserve plowed trillions of dollars in public funds into the financial system to drive up stock prices and the already obscene wealth of the financial aristocracy, while making the working class pay the cost in the form of savage social cuts, the destruction of pension and health care benefits, layoffs and wage reductions.

A separate US Senate report released in 2012 already concluded that HSBC had a “pervasively polluted” culture that permitted its top officials to look the other way and allow $7 billion in drug money to flow from Mexico to the US. That year, Under Secretary for Terrorism and Financial Intelligence David S. Cohen stated, “HSBC absolutely knew the risks of the business it pursued, yet it ignored specific, obvious warnings.”

The House report issued Monday states that Holder “misled” Congress as to why the DOJ did not prosecute the bank. After being criticized for his “too big to jail” comments before the Senate in March 2013, Holder sought to walk them back in testimony before the House Judiciary Committee in May 2013. He denied at that time that he was unwilling to prosecute a major bank because of its size and claimed HSBC’s size was not a significant factor in the Justice Department’s decision not to prosecute. The reason, he said, was “lack of evidence.”

The House committee found, on the contrary, that the Asset Forfeiture and Money Laundering section of the DOJ wanted to criminally prosecute bankers at HSBC precisely because their violations of law were so blatant and so well documented.

The report cites a letter sent by Osborne to then-Fed Chairman Ben Bernanke and then-Treasury Secretary Timothy Geithner in which Osborne warned that prosecuting a “systemically important financial institution” such as HSBC “could lead to [financial] contagion” and pose “very serious implications for financial and economic stability, particularly in Europe and Asia.” Later, Osborne underscored this point in a face-to-face meeting with Bernanke in which they discussed the possible prosecution of HSBC bankers.

Instead of prosecuting, Holder oversaw a “deferred prosecution” sweetheart deal in which the bank was required to pay $1.9 billion in penalties.

 

Families of Americans killed by


Mexican drug cartels sue banking


giant HSBC



On February 9, four US families who lost loved ones to Mexican drug cartel violence in 2010 and 2011 filed an unprecedented lawsuit against HSBC Holdings, HSBC Bank USA, and HSBC México S.A. The suit charges that the banking giant knowingly supplied terrorist organizations, namely four major drug cartels, with “material support” by laundering billions of dollars in the years leading up to the murders.

Among the victims cited in the case is US Immigration and Customs Enforcement Special Agent Jaime J. Zapata who was ambushed and murdered by the infamous drug cartel, Los Zetas, while on temporary assignment in central Mexico in 2011. The case received national attention after confirmed reports that at least one of the weapons used to kill him was linked back to the US government. The AK-47 was one of the many weapons essentially funneled to the drug cartels as part of the federal operation known as “Fast and Furious,” in which the Bureau of Alcohol Tobacco and Firearms deliberately allowed firearms dealers to sell weapons to illegal straw buyers in hopes of tracing them back to the cartels.

Other victims included in the lawsuit are Rafael Morales Jr., who was abducted just outside a church on his wedding day, along with his brother and uncle, by members of the Sinaloa cartel with the collaboration of the local police force. All three were later found dead of asphyxiation, their heads wrapped in plastic and duct tape.

Also included in the lawsuit are Lesley and Arthur Redelfs, who were both shot to death in Ciudad Juarez on their way home from a children's birthday party hosted by the US Consulate where Lesley was employed. Lesley Redelfs was four months pregnant.

The basis of the case rests on the US Anti-Terrorism Act, which was modified in the aftermath of 9/11 to allow victims to seek compensation from any organization that supplies terrorist groups with material support or resources. While the US government has not officially labeled them as terrorist organizations, the suit cites the more than 100,000 murders and tens of thousands of disappearances since 2006 in arguing for the right to victims’ compensation.

HSBC’s guilt in laundering billions of dollars for drug cartels is irrefutable. The details of the many, well documented occurrences of the bank’s sidestepping, and in most instances outright disregard for banking laws exposed in the legal proceedings of this case and a related 2012 case are overwhelming. The complaint filed by the plaintiffs’ in Brownsville, Texas on February 9, reveals that HSBC’s Mexican branches routinely accepted and processed exorbitant amounts, hundreds of thousands and sometimes millions of US dollars from clients with no identifiable source of income.

The complaint reads, “HSBC intentionally implemented criminally deficient anti-money laundering programs, processes, and controls, which were designed to guarantee that billions of dollars of illicit proceeds would go through its banks undetected or unreported.” It goes on to explain that in many cases these funds were even delivered in custom designed boxes made to fit the dimensions of the teller windows.

In spite of the deliberately lax, and during certain periods nonexistent, regulatory system, the compliance function at HSBC Mexico was still able to catch suspicious activity. In December 2008, there were 675 accounts pending closure based on suspicion of money laundering activity. Closures were ordered on 16 of those accounts in 2005, 130 in 2006, 172 in 2007, and 309 in 2008, yet all 675 of these accounts remained open well into 2009, continuing to allow money launderers to make bulk cash deposits.

HSBC Mexico’s former director of money laundering deterrence, in an exit interview following his resignation, was quoted as saying that he believed senior management had “absolutely no respect for AML [Anti-money laundering] controls and the risks to which the Group was exposed and had no intention of applying sensible or appropriate approaches.” The report goes on to explain that the former director attributed the behavior to what he characterized as “a culture [of] pursuing profit and targets at all costs.”

HSBC executives received repeated and explicit warnings about the large scale money laundering schemes from outside sources such as the US State Department as early as 2006, the Financial Crimes Enforcement Network—a bureau of the US Treasury Department—as well as several internal warnings throughout 2007 and 2008. Despite this, HSBC Mexico still accepted over $4.1 billion in US dollar cash deposits in 2008, a record amount for the branch. It is widely believed that many banks, including HSBC, only managed to stay afloat through the 2008 financial crisis by catering to these international drug cartels.

The money laundering that is the basis of this new lawsuit was proven in a 2012 prosecution by the US Justice Department. The case ended in a “preferred prosecution agreement” in which the court gave the multinational bank what amounted to a free pass for the largest drug money laundering case in history. Under the conditions of this agreement the bank agreed not to contest the charges of failing to maintain an effective anti-money-laundering program, and violating the Trading With the Enemy Act and the International Emergency Economic Powers Act.

What made this case unique, aside from the huge amount of funds proven to have been laundered (at least $881 million), was the Justice Department's brazen acknowledgement of the motives behind its failure to pursue a more aggressive prosecution, namely, the protection of the global capitalist financial markets.

Assistant Attorney General Lanny Breuer at a press conference justifying why criminal charges were not brought against the bank explained, “HSBC would almost certainly have lost its banking license in the US, the future of the institution would have been under threat and the entire banking system would have been destabilized.” Meaning, the big banks and other multibillion-dollar corporations are exempt from the law so long as they continue lining the pockets of the ruling aristocracy. This decision exposed decisively, once again, the inextricable and corrupt relationship between the various branches of the government and the global financial oligarchs.

The 2012 decision brought down by a Brooklyn federal judge was admittedly not based on any principled fulfillment of the law. Rather, it served to establish a more tangible basis for the legal shielding that had been regularly taking place for this type of giant corporation deemed “too big to jail.”

In lieu of any criminal charge against the responsible parties, the bank was instead fined $1.9 billion, an amount equal to barely five weeks worth of profits for HSBC and far less than it accrued through its laundering of drug money. It constituted a fairly minor cost of doing business. Not a single day of jail time was demanded for the bank executives, who had essentially functioned as the financial arm of the drug cartels.

The relationship between massive international banks such as HSBC and the Mexican drug cartels like Los Zetas and Sinaloa has been one of mutual benefit. Both organizations are driven by an insatiable need for profit demanded by the capitalist system and both are indifferent to the criminal methods by which it is gained.

However, as this case so clearly shows, it is not simply the banks who are complicit in the massive growth and influence of these drug cartels. The banks play an important role in providing a financial system to manage their money, but it is the US Justice Department that has sanctioned such criminal behavior, and the US government as a whole that has created and perpetuated the conditions under which such corrupt and violent drug cartels could thrive.

The US government’s support for Mexico’s “drug war” begun in 2006 has done nothing to curb the growth of the drug cartels and instead has arguably served to intensify it. The Merida Initiative implemented by the US government in 2008, supplied Mexico with over $2 billion in arms aid, provided military training of security forces and sent “advisers” across the border. With large sections of Mexico’s officials and law enforcement officers working in collaboration with the drug cartels, much of these funds and resources have aided the very groups they were meant to combat. One report estimates that the cartels spend more than a billion dollars each year just bribing the Mexican municipal police.

In the case of Rafael Morales, it was in fact the local police force who accompanied the Sinaloa cartel and barricaded the road to the church and it was arms provided by the US government that were used against Zapata in 2011.

On closer examination, the origins of these drug cartels themselves lie in the relations between the US and Mexican governments. Before becoming Los Zetas, the original members of the violent drug cartel were a special forces unit of the Mexican Army trained in the United States at the School of the Americas at Fort Benning, Georgia. If HSBC is found guilty of providing material “means and resources” to these terrorist organizations then it seems there should be ample evidence and grounds to also indict the US government as well.

Whatever the outcome of the recent lawsuit, the

case has exposed once more the fraudulent

character of the “war on drugs,” as well as the

staggering levels of criminality of the highest

reaches of the financial aristocracy and of the

political institutions that represent it.

 


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