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No Holders Barred: DOJ Slams BNP With Multi-Billion Dollar Penalty

Tyler Durden's picture




 

Francois Hollande is not having a good week - disastrous elections over the weekend, followed by record high numbers of jobseekers (destroying his promise to deliver jobs), and now his banking system is under attack; as the WSJ reports:

  • *US JUSTICE DEPT SEEKS >$10B BNP PENALTY FOR SANCTIONS EVASION: WSJ

A final resolution (and a guilty plea) of the years long investigation of the French bank is likely weeks away, WSJ notes but it does remain ironic that in flexing his enforcement muscles, DoJ's Eric Holder is about to crucify yet another non-US bank.

 

As The WSJ reports,

The U.S. Justice Department is pushing BNP Paribas SA  to pay more than $10 billion to resolve a criminal probe into allegations it evaded U.S. sanctions against Iran and other countries for years, which would represent one of the largest penalties ever imposed on a bank, according to people familiar with the negotiations.

 

A final resolution of the yearslong investigation of the French bank is likely weeks away, and it's possible the ultimate settlement amount could total far less than $10 billion. BNP is looking to pay less than $8 billion, according to the people familiar with the settlement discussions, although a person close to the bank said its negotiators have never mentioned the $8 billion figure in talks with U.S. authorities.

 

BNP and the U.S. authorities also remain locked in negotiations over whether the bank will temporarily lose the ability to transfer money into and out of the U.S., the people said.

 

Prosecutors are continuing to try and extract a guilty plea from the bank and, in recent negotiations, have pointed to the muted market reaction in the wake of Credit Suisse AG's admission to conspiring to aid tax evasion as evidence that a guilty plea by BNP would not be disastrous, according to a person familiar with prosecutors' thinking.

So to get some context, DOJ's Eric Holder, frustrated at allegations he refuses to take legal action against banks, is doing his best to destroy one particular bank: a French one, not to be confused with an American bank of course. After all those still pull all the strings at the Department of "Justice." However, over in Europe, where first it was Credit Suisse and now French BNP is about to get crucified, US enforcement has never been stronger.

 

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Thu, 05/29/2014 - 14:31 | 4806635 nope-1004
nope-1004's picture

 

 

Exporting US monetary law all around the world.  It's what we do.  Either accept it, or be invaded.

Love, USSA

 

Thu, 05/29/2014 - 14:34 | 4806662 Jumbotron
Jumbotron's picture

O.M.G. !!!!

WE HAVE SOOOOooooo MANY HERE IN OUR OWN COUNTRY YOU COULD SLAM  !!!!

AAAAAARRRRRRRRGGGGGHHHHHHH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 05/29/2014 - 14:40 | 4806690 knukles
knukles's picture

Well, after all, the French refuse to take American natural gas in place or Russian natural gas, so quelle surprise, Bitchez!

 

I've actually just pissed myself thinking that the French will cut our caviar and pate rations....  in response... so much for the WartHouse's daily moochmeal schedules...

Thu, 05/29/2014 - 14:44 | 4806725 outamyeffinway
outamyeffinway's picture

Still a fuckhead Holder. Fuck off.

Thu, 05/29/2014 - 14:51 | 4806768 Pladizow
Pladizow's picture

Excuse me Mr. Holder - were there any US citizens that were killed because of what the bank did?

Thu, 05/29/2014 - 14:55 | 4806800 NotApplicable
NotApplicable's picture

Tyler, you forgot the "Thursday Humor" label!

This may become the obligitory comment for all threads.

Thu, 05/29/2014 - 14:58 | 4806819 SWRichmond
SWRichmond's picture

This is the "least dirty (bloody) shirt theory" in action.

Thu, 05/29/2014 - 15:23 | 4806953 Sophist Economicus
Sophist Economicus's picture

Oh look, BNP is a primary dealer.    Guess they'll just do a back door funding -- from Fed to ECB to BNP.    What a circus

Thu, 05/29/2014 - 15:48 | 4807044 smlbizman
smlbizman's picture

i take that the recent size of these fines indicates just how broke these fuckers are.......

Thu, 05/29/2014 - 16:56 | 4807352 macholatte
macholatte's picture

 

Is BNP one of the banks the FED bailed out?

 

 

Thu, 05/29/2014 - 18:07 | 4807584 COSMOS
COSMOS's picture

I get it the crooks are greener on the other side of the fence or something like that.

Anyways I guess we are making them pay for the Mistral deal several times over.  This may backfire and make the French say screw you and join up with the Russians especially since lePen has been gaining power.  After all the French don't care much for the USA and UK and Canada and Australia alliance.  They were always marginalized by the English speaking world.  At least with the Russians they are on an even foot.

Thu, 05/29/2014 - 21:31 | 4808229 espirit
espirit's picture

Isn't a multi-billion dollah fine just a bunch of zero's and one's.

This is just churn.

Thu, 05/29/2014 - 14:48 | 4806750 negative rates
negative rates's picture

And back to Jupiter where you belong.

Thu, 05/29/2014 - 14:57 | 4806807 ebworthen
ebworthen's picture

Nothing better than a little goose or duck liver pate with some Champagne, and some golf, eh knukles?

I'd bet the First Wookie doesn't like the caviar, too salty!

I can picture Jamie Dimon smoking a fat stogie swirling some scotch in a glass and having some hearty guffaws about BNP's fines and his untouchable status - as he rolls his Presidential cufflinks and grins.  Corzine is probably with him on the veranda.

Of course it's monetary fines and no jail time for anyone.

Thu, 05/29/2014 - 14:40 | 4806696 centerline
centerline's picture

No doubt a political move.  Nothing to do with "Justice" going on here except the convenient cover story.

Thu, 05/29/2014 - 17:06 | 4807385 perchprism
perchprism's picture

 

"It's very important that we extract a confession  guilty plea from you, for form's sake, you understand, if you would like to avoid the dunking stool, that is...

Thu, 05/29/2014 - 14:41 | 4806701 Hexagon
Hexagon's picture

If the US Gov thinks Europe is not going to retaliate, it's pretty naive. They can already kiss goodbye to the TTIP.

Thu, 05/29/2014 - 14:52 | 4806778 GVB
GVB's picture

RT newsarticle (http://rt.com/news/158468-france-russia-mistral-deal/)

"In the wake of the crisis in Ukraine, the United States had been pressing France as well as Britain and Germany to take a tougher line against Russia and cancel the Mistral contract." US Secretary of State Victoria Nuland expressed concern over the deal on May 8 after US lawmakers had demanded more pressure be put on France to stop the contract. “We have regularly and consistently expressed our concerns about this sale, even before we had the latest Russian actions, and we will continue to do so,” Nuland told the House Foreign Affairs Committee.

PCR article (http://www.paulcraigroberts.org/2014/05/25/war-inevitable-paul-craig-rob...)

Putin is hoping that the interests of European countries will prevail over subservience to Washington. This is Putin’s current bet. This is the reason Putin remains unprovoked by Washington’s provocations in Ukraine. If Europe fails Russia, Putin and China will prepare for the war that Washington’s drive for hegemony makes inevitable.

 

Thu, 05/29/2014 - 14:58 | 4806817 max2205
max2205's picture

Check the floor there is a nose somewhere. ....despite the face

Thu, 05/29/2014 - 18:04 | 4807593 COSMOS
COSMOS's picture

Guess the freedom fries are coming back into vogue.  Who cares about the French wine, we have the Moldovan Chardonnay and Champagne just waiting to release their bubblies on the American palate.

Thu, 05/29/2014 - 17:26 | 4807475 SDShack
SDShack's picture

How do you say "There's a turd in the punchbowl." in French?

Thu, 05/29/2014 - 18:08 | 4807607 COSMOS
COSMOS's picture

Presentante Le "President of the United States de la America, Monsieur Obummawamma"

Thu, 05/29/2014 - 14:43 | 4806716 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

"The Department of Just Us"

Thu, 05/29/2014 - 14:39 | 4806691 JLee2027
JLee2027's picture

Just have the Federal Reserve print some electrons and forward it. 

There, solved. 

Thu, 05/29/2014 - 16:53 | 4807337 drendebe10
drendebe10's picture

How to win friends and influence people.....  these guys are corrupt azzho's....

Thu, 05/29/2014 - 14:30 | 4806636 williambanzai7
williambanzai7's picture

A French Bank...yawn

Thu, 05/29/2014 - 14:35 | 4806665 DaddyO
DaddyO's picture

Just another revenue stream for Vichy DC, eh?

DaddyO

Thu, 05/29/2014 - 14:49 | 4806759 negative rates
negative rates's picture

Admitting guilt in sinking that ship, that will cost ya.

Thu, 05/29/2014 - 14:51 | 4806767 williambanzai7
williambanzai7's picture

Junqued by Fabulous Fab

Thu, 05/29/2014 - 15:26 | 4806906 falak pema
falak pema's picture

An Oligarchy bank would suffice; french or other is immaterial, in the banksta web of Bildergberg concoction. 

Thu, 05/29/2014 - 15:27 | 4806908 falak pema
falak pema's picture

..

Thu, 05/29/2014 - 14:33 | 4806646 toms
toms's picture

FUCK YOU ERIC HOLDER...WHATA PIECE OF SHIT!!

Thu, 05/29/2014 - 14:33 | 4806651 lordbyroniv
lordbyroniv's picture

Who do these people think they are?

Thu, 05/29/2014 - 14:34 | 4806653 hangemhigh77
hangemhigh77's picture

These fines are all bullshit. They just skim back and forth and the people think "Wow they really got nailed" when in actuality they stole 100 times what they're being fined AND I don't believe they pay the fines unless I SEE it with my own eyes. They probably just put 100 mil in Holder's Swiss bank account and call it even. AND, .............who goes to jail???? NO ONE!!! It's all BULLSHIT!!!!

Thu, 05/29/2014 - 14:44 | 4806724 Dr. Richard Head
Dr. Richard Head's picture

Couldn't have said it better myself. 

The frustrating thing is that most of the plebes don't give a shit from what I see.  They want to do thier own waste of life shit and feed in the breads and play in the circuses that surround us all.  So long as that continues, the masses will be placated to submit and obey.  Irritating doesn't even begin to describe it.

Just imagine if, like many of us here, could each convince one or two people in our neighborhoods to withdraw their funds from the TBTF banks, withdrew their "retirement" accounts from the stawk market, and bought an ounce of gold.  Imagine what would transpire. 

Now back to your regularly scheduled "programming"...

Thu, 05/29/2014 - 18:13 | 4807622 COSMOS
COSMOS's picture

Well doc its because a lot of people are squeezed for time.  Long hours of work they get home, the family etc, dinner, hit the sack, back in the rat race the next day.  They either work weekends or they sleep off the work hangover, screw a little, and there goes all that time for independent thinking and researching topics.  The people in power and in the know are aware that time is a luxury only they have, as long as they give the sheeple no to time to think and organize all is well.

Thu, 05/29/2014 - 14:45 | 4806735 JLee2027
JLee2027's picture

You got it

Thu, 05/29/2014 - 14:52 | 4806779 negative rates
negative rates's picture

Are you familiar with digging your own grave yet? Start wit a shovel and put your foot down on it and begin to dig a hole, part 2 is up to you. 

Thu, 05/29/2014 - 14:34 | 4806661 youngman
youngman's picture

If I was a foreign bank I would think I was being picked on...why not the local banks too.....soon no USA citizens will be able to use a foreign bank...they just do not want the hassle

Thu, 05/29/2014 - 14:36 | 4806678 centerline
centerline's picture

It already very difficult if not impossible in many places.  Borders are closing fast.  The hunt for money is ramping up.

Thu, 05/29/2014 - 14:49 | 4806747 DoChenRollingBearing
DoChenRollingBearing's picture

The borders are closing fast.  And no place is perfect.  But, some might do better with a Plan B country.

Ours Plan B is (will be) Peru.

One of my correspondents recommends Paraguay!  Yes, things are looking up there.  The below article is not comprehensive, but I wanted to show some people who have actually done something:

"Plan B Countries & Thoughts"

http://goo.gl/CLMVUe

Thu, 05/29/2014 - 18:17 | 4807643 COSMOS
COSMOS's picture

Georgio Bushwacko loves paraguay too, they bought like over a 100,000 acre ranch down there as their bugout place if civil unrest hits the fan here.  I hear he sits on top of the world's largest aquifer there.  He will need a lot of water to get the stench off of all those dead boys and civillians he killed in his mission accomplished.

Maybe Obummer can get a ranch next to him.  I hear a USA Marine base is close by and the Paraguay govt passed a resolution against extraditing residents of Paraguay in front of the international court for war crime just before Bushwacko bought the pad.

 

http://www.bibliotecapleyades.net/sociopolitica/esp_sociopol_bush53.htm

Thu, 05/29/2014 - 14:38 | 4806688 Winston Churchill
Winston Churchill's picture

Local banks are exceptional.

Exceptionally corrupt, just like this whole Administration in fact. A correlation.

Thu, 05/29/2014 - 14:54 | 4806794 negative rates
negative rates's picture

Yeah I lost all my customers last year too.

Thu, 05/29/2014 - 14:34 | 4806664 McMolotov
McMolotov's picture

He's such a creepy fucker with that '70s porn mustache.

Thu, 05/29/2014 - 14:59 | 4806821 negative rates
negative rates's picture

Double whammy, that thing hurts like hell in the morning, so he's got something else more pressing on his mind about to kill him as he passes the guillotine every morning before work too. 

Thu, 05/29/2014 - 16:45 | 4807295 mc225
mc225's picture

yeah that moustache is a trip.

Thu, 05/29/2014 - 14:35 | 4806666 centerline
centerline's picture

Nudging the EU a little closer to the edge of the cliff.  lol.

Thu, 05/29/2014 - 15:27 | 4806974 blabam
blabam's picture

Actions like this makes you want to trade in dollars... 

Thu, 05/29/2014 - 15:50 | 4807057 centerline
centerline's picture

+1.

Thu, 05/29/2014 - 14:35 | 4806667 Chupacabra-322
Chupacabra-322's picture

(WXIA) -- Atlanta Mayor Kasim Reed is among nearly 150 people invited to the 62nd annual Bilderberg conference, being held this year in Copenhagen, Denmark, from May 29 to June 1.

http://www.11alive.com/story/n......

Call his office & ask if tax payers are paying for his trip & that he's in violation of The Logan Act & committing a crime.

Mayor Kasim Reed
Office of The Mayor
404-330-6100.

Thu, 05/29/2014 - 14:35 | 4806669 falak pema
falak pema's picture

when Thieves fall out...after the Ukraine divorce with Putin, now the upcoming stand off within the EU and USA oligarchy...

Thu, 05/29/2014 - 14:35 | 4806673 f16hoser
f16hoser's picture

Fuck You Holder! Kill Yourself now. The day you die, the people will demand a National Holiday of Joy to mark the occassion!

Thu, 05/29/2014 - 17:47 | 4807535 JR
JR's picture

Holder is perhaps the weakest attorney general who’s ever held the office on finding perpetrators of lawlessness. Not so, if it involves the interests of the Israeli State; because it is Israel and the Neocons that have forced U.S. policy into aggressive sanctions on Iran.

If they could, these interests would have the Pentagon attack Iran immediately and constantly; failing that, they get the strongest sanctions in place possible. And, now, the ultimate, prejudicial black-power attorney general knows when he’s up against a client that demands prosecution of those that violate its wishes (never mind what the American public would like to have).

Thu, 05/29/2014 - 14:38 | 4806687 Colonel Klink
Colonel Klink's picture

Steal 100 billion dollars, get fined 10 billion.  Seems like a fair deal to me. /sarc

Fuck you government!

Thu, 05/29/2014 - 14:49 | 4806760 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1

Bribery: Just the cost of doing business.

Thu, 05/29/2014 - 14:53 | 4806770 gmrpeabody
gmrpeabody's picture

It used to be called "piece of the action" before the government changed it to "penalty".

Thu, 05/29/2014 - 20:09 | 4807990 radiobomb
radiobomb's picture

noticed how this always happens to mega-fraud ?  only 10% or less of the scammed amount is repaid in fines.  Some deterent isnt it ?

Thu, 05/29/2014 - 14:41 | 4806702 saints51
saints51's picture

Key word is "SEEKS". Swept under rug if I had to place a bet.

Thu, 05/29/2014 - 14:42 | 4806713 Rootin' for Putin
Rootin' for Putin's picture

Our banking system is corrupt and will leave us in ruins....how can we make sure everyone else suffers too?..

Thu, 05/29/2014 - 14:42 | 4806714 Son of Captain Nemo
Son of Captain Nemo's picture

 

Care to take a guess that this has more to do with the French taking their money and business East along with Germany?...

I'm also certain Mr. Holder didn't like the fact that France has military business with Russia in the shape of two Navy helicopter ships!

When the bankers are at each other throats you know the shit is "up"! 

Gonna have to pull one helluva "rabbit out of the hat" to get the boys and girls from the EU in line at this point!!!

I think Georgey Progie says it best here!

http://marketsanity.com/soros-putins-russian-genetic-superiority/

 

Thu, 05/29/2014 - 18:56 | 4807765 JR
JR's picture

“So Russia has emerged as an alternative to the European Union. Putin has sort of come out of the closet in – in Ukraine with an ideology that is Nationalist based on ethnic nationalism. You could call it Russism…That’s a new word to describe it, because I don’t want to call it Nazi, because it is very similar to what you had in the interwar period…fascism.” -- George Soros

Only a Jew could come up with a new word, "Russism," that labels Vladimir Putin a Nazi.

 Which brings us to the question: Who owns the Democrat Party? It would have to be someone with a great deal of money and someone with connections to unlimited banker support, someone extremely well acquainted with the advantages of social media and someone with Marxist ideals and Jewish roots.

The prime candidate for ownership of the Democrat Party, then, according to Washington Post columnist Harold Meyerson, is George Soros.

“The exact figure is not known, but it is reported that he spent at least $27 million to defeat President George W. Bush in 2004. At the time, Washington Post columnist Harold Meyerson, a member of the Democratic Socialists of America, praised Soros for engineering the 'privatization' of the Democratic Party through funding of the ‘527’ political groups and bypassing what he called an incompetent Democratic Party apparatus.”

So writes Cliff Kincaid who documents in Obama’s Master George Soros: Supporting America’s Enemies at Home and Abroad how Soros has been using his billions “to support the Democratic Party and organizations associated with it."

The site from which this article was taken, DISCOVERTHENETWORKS.ORG, A Guide to the Political Left, provides incredible information in its “Soros Files” of the man whose own books call him the “Stateless Statesman” and honor him as a “globalist.”

Writes Kincaid: “Soros made his first big money because of advice provided by Jim Rogers, his junior partner, who had recommended defense industry stocks and helped Soros profit from a defense boom. 3 Today, however, the Soros-funded Center for American Progress (CAP) argues for massive defense cuts 4 and was instrumental in the Obama policy change permitting open homosexuals in the Armed Forces of the United States. Our analysis shows that CAP is one of the top 15 organizations supported financially by the Soros-funded Open Society Institute (OSI)."

Leading the 150 recipients of Soros money from his Open Society Institute are the ACLU, Media Development Loan Fund Inc., Drug Policy Alliance, Tides Foundation, The Alliance for Climate Protection, and Trust for Civil Society in Central and Eastern Europe...

http://www.discoverthenetworks.org/individualProfile.asp?indid=977

Read more: Obama’s Master George Soros: Supporting America’s Enemies at Home and Abroad | The Soros Files http://sorosfiles.com/soros/2011/10/obamas-master-george-soros-supporting-americas-enemies-at-home-and-abroad.html#ixzz3392eEO5y

Open Society Institute Top 150 Grantees | The Soros Files http://sorosfiles.com/soros/2011/10/open-society-institute-top-150-grantees.html#ixzz33918J35d

Thu, 05/29/2014 - 14:43 | 4806720 buzzsaw99
buzzsaw99's picture

<-- fucking hilarious.

<-- fuck the eu [/nuland]

Thu, 05/29/2014 - 14:45 | 4806728 saints51
saints51's picture

fuck!!!!! I will come back periodically and click the green arrow then red arrow, repeating the process.

Thu, 05/29/2014 - 14:44 | 4806726 lasvegaspersona
lasvegaspersona's picture

for 10B you'd think they'd just say...'hey, we'll do business elsewhere...Vladamir? ...hold on Eric, I have another call...

Thu, 05/29/2014 - 14:45 | 4806732 pashley1411
pashley1411's picture

Obama may be the affirmative-action do-nothing golfer, but Holder is the Evil Energizer Bunny.    Seizing billions of dollars (?!?) of a French bank (!?!) by fiat without benefit of a judge or trial (?!?), under the guise of enforcing FSA foreign policy (!?!) thru the financial system (?!?).  

Anyone want to bet French officials aren't calling up Putin and asking him how the ruble-energy financial system is coming along?     How about Le Pen's next campaign, that unlike the Socialists, she won't be pushed around by the FSA?

Thu, 05/29/2014 - 14:47 | 4806733 pashley1411
pashley1411's picture

dup

Thu, 05/29/2014 - 14:46 | 4806734 pashley1411
pashley1411's picture

dup

Thu, 05/29/2014 - 14:46 | 4806737 JRobby
JRobby's picture

TBTF USA Based banks are untouchable.

This criminal syndicate operates "wide open" without the needs that other criminal organizations have for concealment. In full view / protection of the Government of THE USA.

Thu, 05/29/2014 - 14:48 | 4806749 shitco.in
Thu, 05/29/2014 - 14:53 | 4806784 DoChenRollingBearing
DoChenRollingBearing's picture

Very interesting.  Another reason to hold some money outside the banking system.   I just bought about 1.1 BTC.

Ah, don't forget to have gold as well!

Thu, 05/29/2014 - 14:59 | 4806822 shitco.in
shitco.in's picture

and silver, and (imo the most important) palladium. 

Thu, 05/29/2014 - 15:29 | 4806981 DoChenRollingBearing
DoChenRollingBearing's picture

+ $830 or so

Palladium is hard to get, but I have a tiny holding.

It is an interesting metal.  It is impermeable to all gases except hydrogen.  That property would come in handy if fuel-cell powered cars ever come along.  It is a cheaper catalyst than platinum in many functions (but NOT in diesel powered engines, that would be smash demand up for Pd...).

Thu, 05/29/2014 - 15:00 | 4806828 SharkBit
SharkBit's picture

Rather disturbing indeed.  Not disputing but does not really make sense.  I would want to get a better read on exact details before believing etc.

Thu, 05/29/2014 - 14:48 | 4806752 rosiescenario
rosiescenario's picture

Obviously BNP was not paying attention and failed to follow the lead of "political donations" being made by other banks....they will serve as an example for any other banks falling behind in their donations.

Thu, 05/29/2014 - 14:48 | 4806753 nosoeawe
nosoeawe's picture

oh fucking spare me this drivel. the fucking WSJ runs a piece of fiction and all the chicken headed mother fuckers think justice will prevail?

on one side you have the big eared, jive turkey, in chief and his albino, bowl cut, androgenous, white haired, garden gnome. on the other you have a castrated, porno mustached, stiff necked, satan shit eating, mother fucking coward, chicago gang membe,r and then you have bnp and their merry band of fucking greedy thieves. 

dont you all get it, they are one in the same, holding counterfeited USDs in one hand and a giant erasable red marker in the other

in the time it took for me to write this, the fucking yellow bellied cunt already counterfeited enough USDs to pay off bnps "fine" 

Thu, 05/29/2014 - 14:56 | 4806806 gmrpeabody
gmrpeabody's picture

Why don't you let it all out..., get it off your chest.

You'll feel better...

Thu, 05/29/2014 - 14:52 | 4806773 orangegeek
orangegeek's picture

Beating the french up - sounds like fun.

Thu, 05/29/2014 - 14:53 | 4806782 disabledvet
disabledvet's picture

"the hard decisions hit all at once."

we were going to go into Syria with you...now we're going to massively fine your banks instead.

Thu, 05/29/2014 - 14:55 | 4806799 SharkBit
SharkBit's picture

So from Euro perspective the Frenchman on the street thinks Fuck You USA and your DOJ.  The Germans think more US hipocracy.  Euro thinks give me some of that Russia/China Eurasian love.  Obozo Circus = How to loose Friends and alienate people.  Par for the course.  Obozo to Hollande to BNP says don't you worry mate, more back door riches from the Fed printing press.  Dangerous game indeed.

Thu, 05/29/2014 - 15:07 | 4806871 SharkBit
SharkBit's picture

When is the rest of the world going to start fining US institutions for similar corruption and malfeasance?  Oh but wait, US is just the perfect moral beacon.

Thu, 05/29/2014 - 15:11 | 4806891 Seize Mars
Seize Mars's picture

You realize of course BNP got the money from the FED ( and would have otherwise been insolvent at the time,), right?

Eric Fucking Holder: Artist. Shakedown Artist.

Thu, 05/29/2014 - 15:11 | 4806892 dexter_morgan
dexter_morgan's picture

I still don't know why Holder is not rotting jail for all of his high crimes and misdemeanors over the course of his long and fucked up career. Is there a DOJ scandal in the last 30 years he hasn't been the center of?

Thu, 05/29/2014 - 15:41 | 4807024 nosoeawe
nosoeawe's picture

because the mustachiod stiff necked son-of-a-cunt has video tape of the big eared, jack wagon fornicating with the likes of the crusty old, senior citizen harry reid and his viagra popping, shriveled tiny dick posse at mans country.

the jihadist in chief was employee of the year as i understand it. so good in fact you can track him by his trail of anal leakage 

Thu, 05/29/2014 - 15:45 | 4807039 Fix It Again Timmy
Fix It Again Timmy's picture

And the French say, "I fart in your general direction, take a whiff 'cuz that's all you'll get."  The EU says FU....What a joke, America has become....

Thu, 05/29/2014 - 16:01 | 4807086 Notsobadwlad
Notsobadwlad's picture

In the US governments ever increasing effort to piss off the entire world and get them to make war on us ... and so the US government can once again claim everyone else as the "bad guys" and we are the ONLY (except Isra-hell of course) good guy.

Thu, 05/29/2014 - 16:18 | 4807166 Duke Dog
Duke Dog's picture

This is simply one of many methods for our Overlords to transfer funds one one of their accounts to another.

 

Similar to you or I might do with and EFT from our savings to checking:)

Thu, 05/29/2014 - 16:18 | 4807168 goldhedge
goldhedge's picture

Uncle Tom Holder Speakith the "Law"

Thu, 05/29/2014 - 16:26 | 4807198 Mi Naem
Mi Naem's picture

Not a fan of Holder, but "Uncle Tom" is how the House Niggers of today rhetorically subjugate any Blacks who get out of line. 

Beside, the "real" Uncle Tom of Cabin fame was a virtuous hero. 

Thu, 05/29/2014 - 16:26 | 4807196 studfinder
studfinder's picture

Didn't France just tell the US to go to hell and sell Russia some military ships???  Payback?

Thu, 05/29/2014 - 16:42 | 4807279 falak pema
falak pema's picture

France will pull Putin out of the cold on D Day and tell Obammy to lump it then. 

The French and US are DEEP into joint military operations in Africa and Mid East; especially as the UK is on its heels thru fall out of Iraq and Afghan shit hitting the Tony Blair scams and making the Brits grovel in shame.

On that front Hollande is like a virgin; whence his desire to be both Euro consolidator around Merkel and regional military partner to USA in ME/AFrica.

USA now fragile and that gives its new partners room to maneuver. Hollande who has no cards at home (alike Obammy) tries to use militarist plays to become "somebody".

Its a game of fools in a house of cards. But thats another story.

Thu, 05/29/2014 - 16:41 | 4807270 Atlantis Consigliore
Atlantis Consigliore's picture

Schtup Schtup Schtup....Sctup Sctup Schtup;  French that Bootie, 

Bootie Down Tonight....

raise dos taxes on da rich,  oops they all moved to Florida. 

 

Thu, 05/29/2014 - 16:42 | 4807275 kchrisc
kchrisc's picture

Article could have been entitled as: "How Broke and Venal Are They"

Thu, 05/29/2014 - 19:03 | 4807780 Signs of the end
Signs of the end's picture

Who collects these 'fines' and where do they go? Into the Treasury? How are they accounted for? And how are they spent? I bet these so-called 'fines' come from bailouts, so in the end it is 'We the Taxpayers' that pay these fines. Or are we so naive to believe that the BNP or UBS or Credit Suisse Excecs are going to lose their villas on the French Riviera or be forced to auction off their yacths?

Thu, 05/29/2014 - 19:38 | 4807841 are we there yet
are we there yet's picture

If the mafia and costanostra made up two football teams, would you trust the football game referee?

Thu, 05/29/2014 - 20:11 | 4807997 alentia
alentia's picture

This is what France gets for not cancelling ship building contracts with Russians - well, just facade...

In reality this is what any European country is to expect when disobeying US orders.

The problem is, no EU country alone can disobey US orders, only together, but they are too politically broke to do that. But once that happen, it will be the end of USD and the new era for Euro.

Thu, 05/29/2014 - 23:05 | 4808502 Pie rre
Pie rre's picture

Cartier FR is striking a trillion dollar coin to send and requesting change.

Sat, 05/31/2014 - 13:49 | 4812688 Whatchamacallit
Whatchamacallit's picture

Oh well, with a billion here, a billion there, "fining" more banks, maybe it will get to be a nice little side-stream of income? Desperately seeking for some pennies under the couch's cushions ...

And the noose tightening for Americans wanting to bank outside the US, as foreign banks will just say "no americans, too much hassle, too much risk."

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