It seems to me that there should be a difference between the way we treat Banks and the way we treat Bank Executives (HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering. New York Times, December 10, 2012).
It may be that there were good reasons to not charge the Bank for
criminal activity because it might cause the Bank to fail -- withdrawals
by depositors, sell-off by shareholders. I can not see a similar
argument for not bringing criminal charges against the top executives of
They were in charge. They were receiving top dollar for the
oversight of the banks myriad activities. It is no defense that they
were ignorant of what was going on. They should have known. The Buck
Stops at the Top.
We cannot be indifferent to the drug related murders in Mexico and
even on our own streets. Their money laundering facilitated the
operation of the drug cartels. They should be charged.
Sent to New York Times