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No Holders Barred: DOJ Slams BNP With Multi-Billion Dollar Penalty
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.
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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Exporting US monetary law all around the world. It's what we do. Either accept it, or be invaded.
Love, USSA
O.M.G. !!!!
WE HAVE SOOOOooooo MANY HERE IN OUR OWN COUNTRY YOU COULD SLAM !!!!
AAAAAARRRRRRRRGGGGGHHHHHHH !!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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...
Still a fuckhead Holder. Fuck off.
Excuse me Mr. Holder - were there any US citizens that were killed because of what the bank did?
Tyler, you forgot the "Thursday Humor" label!
This may become the obligitory comment for all threads.
This is the "least dirty (bloody) shirt theory" in action.
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
i take that the recent size of these fines indicates just how broke these fuckers are.......
Is BNP one of the banks the FED bailed out?
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.
Isn't a multi-billion dollah fine just a bunch of zero's and one's.
This is just churn.
And back to Jupiter where you belong.
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.
No doubt a political move. Nothing to do with "Justice" going on here except the convenient cover story.
"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...
If the US Gov thinks Europe is not going to retaliate, it's pretty naive. They can already kiss goodbye to the TTIP.
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.
Check the floor there is a nose somewhere. ....despite the face
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.
How do you say "There's a turd in the punchbowl." in French?
Presentante Le "President of the United States de la America, Monsieur Obummawamma"
"The Department of Just Us"
Just have the Federal Reserve print some electrons and forward it.
There, solved.
How to win friends and influence people..... these guys are corrupt azzho's....
A French Bank...yawn
Just another revenue stream for Vichy DC, eh?
DaddyO
Admitting guilt in sinking that ship, that will cost ya.
Junqued by Fabulous Fab
An Oligarchy bank would suffice; french or other is immaterial, in the banksta web of Bildergberg concoction.
..
FUCK YOU ERIC HOLDER...WHATA PIECE OF SHIT!!
Who do these people think they are?
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!!!!
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"...
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.
You got it
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.
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
It already very difficult if not impossible in many places. Borders are closing fast. The hunt for money is ramping up.
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
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
Local banks are exceptional.
Exceptionally corrupt, just like this whole Administration in fact. A correlation.
Yeah I lost all my customers last year too.
He's such a creepy fucker with that '70s porn mustache.
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.
yeah that moustache is a trip.
Nudging the EU a little closer to the edge of the cliff. lol.
Actions like this makes you want to trade in dollars...
+1.
(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.
when Thieves fall out...after the Ukraine divorce with Putin, now the upcoming stand off within the EU and USA oligarchy...
Fuck You Holder! Kill Yourself now. The day you die, the people will demand a National Holiday of Joy to mark the occassion!
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).
Steal 100 billion dollars, get fined 10 billion. Seems like a fair deal to me. /sarc
Fuck you government!
+ 1
Bribery: Just the cost of doing business.
It used to be called "piece of the action" before the government changed it to "penalty".
noticed how this always happens to mega-fraud ? only 10% or less of the scammed amount is repaid in fines. Some deterent isnt it ?
Key word is "SEEKS". Swept under rug if I had to place a bet.
Our banking system is corrupt and will leave us in ruins....how can we make sure everyone else suffers too?..
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/
“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
<-- fucking hilarious.
<-- fuck the eu [/nuland]
fuck!!!!! I will come back periodically and click the green arrow then red arrow, repeating the process.
for 10B you'd think they'd just say...'hey, we'll do business elsewhere...Vladamir? ...hold on Eric, I have another call...
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?
dup
dup
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.
Has anyone seen this yet Re: BNP?
http://www.reddit.com/r/Bitcoin/comments/26ruw6/tens_of_thousands_of_bel...
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!
and silver, and (imo the most important) palladium.
+ $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...).
You can purchase Palladium from here with Bitcoin: http://agoracommodities.com/
http://www.bloomberg.com/news/2014-05-27/russian-palladium-flows-to-swit...
http://www.stillwaterpalladium.com/production.html
http://www.bloomberg.com/news/2013-01-25/russia-palladium-reserve-seen-b...
http://www.forbes.com/sites/kitconews/2014/03/05/palladium-hits-11-month...
http://www.ibtimes.com/secret-russian-palladium-stockpiles-dwindle-may-d...
And this is just what us sheep are "allowed" to know...
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.
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.
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"
Why don't you let it all out..., get it off your chest.
You'll feel better...
Beating the french up - sounds like fun.
"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.
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.
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.
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.
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?
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
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....
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.
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:)
Uncle Tom Holder Speakith the "Law"
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.
Didn't France just tell the US to go to hell and sell Russia some military ships??? Payback?
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.
Schtup Schtup Schtup....Sctup Sctup Schtup; French that Bootie,
Bootie Down Tonight....
raise dos taxes on da rich, oops they all moved to Florida.
Article could have been entitled as: "How Broke and Venal Are They"
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?
If the mafia and costanostra made up two football teams, would you trust the football game referee?
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.
Cartier FR is striking a trillion dollar coin to send and requesting change.
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."