Confused Why So Many Foreign Banks Are Suddenly Being Charged By The US? Here's Why

It's very simple really. Please point out where on the below list of Top 20 contributors to a randomly selected US politician, in this case New York's Chuck Schumer, can one find Standard Chartered, Barclays, or HSBC?

And there's your answer, which should also explain why banks such as Goldman Sachs, Citigroup, Morgan Stanley, JPMorgan, etc, will never be subject to the same kangaroo court in which suddenly everyone is shocked, shocked, that banks were manipulating Libor and laundering money or doing any other thing which bankers do day after day, every day.

Oh yes, there is an election coming up too...

Comments

[knukles]

A US branch of a foreign bank is a domestically chartered corporation which holds a banking license from either a state or federal banking regulatory body.

Can stretch anything anyway anymore.
Including the truth  :)

Particularly when it come to "campaign contributions."

[MsCreant]

Thanks sweetness!

[Uncle Remus]

Especially the truth.

[Moe Howard]

They have US branches. That is what Bernake told Paul justified giving them free money.

[Tyler Durden]

UBS, Credit Suisse, etc...

[reader2010]

In terms of the market cap,  all major Chinese state banks are at the top of the list and they don't contribute to Schumer's budget of doing God's work. Just wondering why they don't pay the piper yet?

[knukles]

The tenant don't charge the landlord rent.

[sbenard]

Schumer is EVIL! Nothing else need be said!

[Catflappo]

Lehman and Beer Stains?    Looks like the foreign banks need to get their game down to 'out of business' level before they enjoy the same benefits

[I am a Man I am...]

Maybe I don't understand the "sichiation", but why the hell would a foreign bank run a bunch of Iranian cash through their NY office?  This seems really fucking stupid to me.

[JLee2027]

I don't advocate violence. But I've read that when the Allies liberated France, there were 9,000 immediate "executions" of people who had collaborated with the Nazis. Without trial. Another 40,000 were thrown into prison for nearly a decade (I assume the survivors got a trial). 

That's the path these assholes are on. I would try to stop the hanging and the revenge, but I suspect it's coming whether I like it or not.

[Esculent 69]

Why do you think Rush Limbaugh refers to him as Chuck "You" Schummer.  Who wouldn't love to see Chuck you along with Chris Dodd, Barney Ffwwank, Timmay, the Bernanke, Jamie Dimon, and last but not least, Jon "I don't know where the $ is, I swear" Corzine  be properly recycled via" laser cannon deth sentence". 

http://www.youtube.com/watch?v=04y0LYSnxMA

Wouldn't mind if Jerry Sandusky was among them.

[UGrev]

As a public servant of the people, representing the people in the Congress of the United States of America. You are mandated to abide by the following before you may represent the people. 

1. You must not have any vested interest in a public or private entity
2. You must not own any stocks, bonds or treasuries domestically or non-domestically
3. You may not have a private bank account(s) with more than 100k in funds. 
4. You may not have any assets with ties or interest in any public or private entity. 
5. You must have NOT worked for any financial instution as an executive and have a pension or severence pending or have taken any severence or receive or are receiving any pension.

Provided you meet those requirements

1. You must never exceed the 100k funds limit on your private bank account(s) in total. 
2. You may not serve for more than 6 years after which you may resume your life as it were prior to service. 
3. You may not seek financial support from any source. 
4. You will be paid 50K/year

When the money is cut off from these fuckers.. then and only then will they serve the people instead of themselves. This is just a short list.. I'm sure you clever people could add more. 

[Catullus]

Why? Poor people are more corruptible than rich people. Poor people have nothing to lose.

[UGrev]

It's not to make them poor. It's to make them humble. Big difference.

[Catullus]

Whatever.

[UGrev]

you dropped your ball on the way out...

[Clint Liquor]

Because there was a profit to be made. Remember how Crony Capitalists calculate their profit?

The amount they steal, minus the paltry fine paid when they get caught, equals their profit.

[Catullus]

It's people like Chick Schumer that are preventing a globalist banking takeover. Keep up the provincial, nationalistic petty tithings, Chuck. It's just another cost of doing business with an unabashed counterfeiter. It's not like this is real money anymore.

But will these people agree to a global central bank? Yeah right. Not with this two but politician running around looking for a hand in the pie.

[Boxed Merlot]

Not with this two but politician...

Perhaps a mistake or 4 cheek individual.  "2 bits" were 1 fourth of a whole spanish dubloon if memory serves correctly.  Not quite the same as clipping coins, but necessary in third world economies to effectively execute trades. 

We may see it yet again, as the newest banana republic, the former relevent US, puts its' politically expedient "leaders" back on the auction block to sell whats left of its' middle class to the highest bidder. 

[innertrader]

CONCERNING THE PACs, I have a personal experience to share.  PACs do NOT come to the table on a voluntary basis!!!  Once a business gets big enough ($$$), the Congressmen move in and EXTORT the business to either form a PAC or give funds to a PAC!  They do this by everything from passing "retro active laws" (which are Unconstitutional) to threatened tax laws targeting just their industry!  I learned this the hard way, up front and personal, back in the early 1980s and what I tell you is exactly what they do!  Most, if not ALL of the PACs, would go away tomorrow, IF they could.  It's way past time to leave this country!  If you have any money left, I suggest you take it and leave ASAP.... cause the FEDs are closing that door too!

[Walt D.]

Cheese-e-Chuck Schumer should become a Nascar driver. Then he could put all these logs over his overalls and car.

[Getting Old Sucks]

I email this scumbag all the time.  He's actually has taken me off his list.  Nothing will ever change the Welfare/Powers to Be State of NY.

[q99x2]

My relatives go way back to an old town in Germany. Some say the illuminati originated there. Germany wants to tax the British financial sector to save the EURO. Something tells me this is what it is really about.

[Atomizer]

It goes back to the Lisbon Treaty accord.

[Atomizer]

1. In January 1958, Mao launched the second Five Year Plan known as the Great Leap Forward, a plan intended as an alternative model for economic growth to the Soviet model focusing on heavy industry that was advocated by others in the party. Under this economic program, the relatively small agricultural collectives which had been formed to date were rapidly merged into far larger people's communes, and many of the peasants ordered to work on massive infrastructure projects and the small-scale production of iron and steel. All private food production was banned; livestock and farm implements were brought under collective ownership.
2. Combined with the diversion of labour to steel production and infrastructure projects and the reduced personal incentives under a commune system this led to an approximately 15% drop in grain production in 1959 followed by further 10% reduction in 1960 and no recovery in 1961. In an effort to win favour with their superiors and avoid being purged, each layer in the party hierarchy exaggerated the amount of grain produced under them and based on the fabricated success, party cadres were ordered to requisition a disproportionately high amount of the true harvest for state use primarily in the cities and urban areas but also for export. The net result, which was compounded in some areas by drought and in others by floods, was that the rural peasants were not left enough to eat and many millions starved to death in what is thought to be the largest famine in human history.
3. Moreover, most of the dams, canals and other infrastructure projects, which millions of peasants and prisoners had been forced to toil on and in many cases die for, proved useless as they had been built without the input of trained engineers, whom Mao had rejected on ideological grounds.
4. They also argue that the Maoist era improved women's rights by abolishing prostitution, a phenomenon that was to return after Deng Xiaoping and post-Maoist CPC leaders increased liberalization of the economy. Indeed, Mao once famously remarked that "Women hold up half the heavens". A popular slogan during the Cultural Revolution was, "Break the chains, unleash the fury of women as a mighty force for revolution!" Skeptics observe that similar gains in literacy and life expectancy occurred after 1949 in the small neighboring island country of Taiwan, which was ruled by Mao's opponents, namely Chiang Kai-Shek and the Kuomintang, even though they themselves perpetrated substantial repression in their own right. The regime that took over in Taiwan was composed of the same people ruling the Mainland for over 20 years when life expectancy was so low, yet life expectancy there also increased. However, the United States helped Taiwan with aid and infrastructure, along with Japan and other countries.

http://www.goodorient.com/pages.php?pageid=17 

Then is..

Obama complains that Michelle doesn't make money as first lady 

ObaMao Translation: Every mouth breathing leach should be given a gold digging host and have their fair share of welfare benefits paid for.

[blindman]

at least it is not like the corrupt
money fraud system has contaminated
every aspect and level of human inter-
course including education, governance,
production, distribution, art and the
sciences, not to mention the family and
personal cultural identity concerns,
or as they say, consciousness.
jeez, that was a close call. but...
.
Willy DeVille-Spanish Harlem
http://www.youtube.com/watch?v=OOcY2S-zoII
.
THE TOM WAITS CHANNEL
http://www.youtube.com/user/TomWaitsNYC

[boeing747]

How much do you charge for keeping quiet?

[Atomizer]

Keeping quiet? Receiving money from a counterfeiting money printing cartel, is no different than accepting a USD$3 Federal Reserve printed debt currency bill to secure a commercial business transaction.

[zippy_uk]

Bloody British banks - how dare they wash drug money and manipulate markets without due authority. They don't even pay off both political parties to gaurantee policy outcomes.

They need to shape up llike the US banks and offer two finance candidates for president when the US people need protecting from the finance industry.

That way fraudclosure / robosigning can be made legal and Mexican drug money can become party of the government bank bailout. Even JPMs silver manipulation can be shown to be about propping up the value of the dollar.

It takes a lot of CDO leveraged derivatives packaged up in to CDO cubed tranches to allow Bernie Madoff to work his magic - and he had no help from John Corzine or Jamie Dimon to do it.

No - blame the Brits because every one else is innocent.

[lolmaster]

Pretty sure SAC would have more than all these combined

[Coldfire]

I see Morgan Stanley is a major Schumer contributor, so I imagine the final report of the 900 forensic accountants currently crawling over both sets of their CDO books will be of little consequence.

[FieldingMellish]

shocking...

[dunce]

Schumer is no cheap whore, his clients pay top dollar.

[Lord Koos]

Foreign contributions to US policital campaigns are illegal, so the premise your article is a major fail...

The targeting of UK banks is just another front in the currency wars.

[shovelhead]

Exactly so.

How dare the Brits try to horn in on the US's rightfully owned Iranian money-laundrying scheme.

The additional insult of not channeling tribute to The Godfathers insure a public dressing down. Some factions of the Family are disturbed by this slight to a brother in crime, but since the Brit is not a 'made man', little can be done.

Clever to use that new soldier to collect. They can blame this discourtesy on a overzealous ambitous underling to diffuse discontent. It may not work.

The Banksters will openly go to the mattresses as outright warfare seems to the next play.

Sign of the times. Everyone was fine when the money gushed from the peasants, but now that the easy pickings are gone, it's time to go cannibal.

I'm just going to smile at your 'that's illegal' comment and leave it at that.

[coltek]

When thieves fall out...............

[NuYawkFrankie]

THanks for giving me indigestion....

by mentioning that droning, lumbering fraud Charles "Chuckie" Schumer.

Although Ol' Chuckie is so brazenly duplicitous on so many levels (with a Donors List that reads like a veritable  Rogues Gallery of Financial Fraud)- one thing you CAN'T say is that the "Right Honorable" Senator for Wall St & Tel Aviv doesn't know which side his bagel (Hebrew National) is buttered on - and who's supplying the lox..

[Mr_Wonderful]

So they neglected to pay for Mob protection. Tough shit, obviously the consequences will be Mob Justice.

[Fizzywig]

The list should be renamed accordingly......."Top Bribes".......fixt!