• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

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 - 14:57 | 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 - 14:51 | 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 - 14:34 | 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 - 14:34 | 4806664 McMolotov
McMolotov's picture

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

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!

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