//Eric Holder Looked The Other Way On Narco-Laundering HSBC Bank
Eric Holder Looked The Other Way On Narco-Laundering HSBC Bank 1

Eric Holder Looked The Other Way On Narco-Laundering HSBC Bank

Republicans recently released a report that was shockingly correct. What is this!?! Eric Holder looked the other way on criminal banks. Cenk Uygur, host of The Young Turks, breaks it down. Tell us what you think in the comment section below.

"U.S. Justice Department officials overruled their prosecutors’ recommendation to pursue criminal charges against HSBC Holdings PLC over money-laundering failings, according to a House committee report prepared by Republicans that sheds new light on the bank’s 2012 settlement.

The report, which was reviewed by The Wall Street Journal ahead of its release Monday morning and was prepared by the Republican staff of the Financial Services Committee, concluded that former Attorney General Eric Holder overruled the internal recommendation and subsequently misled Congress about the Justice Department’s decision not to prosecute the U.K. bank.

“Rather than lacking adequate evidence to prove HSBC’s criminal conduct, internal Treasury documents show that DOJ leadership declined to pursue [the] recommendation to prosecute HSBC because senior DOJ leaders were concerned that prosecuting the bank ‘could result in a global financial disaster,’ ” the 282-page report stated.”*

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Hosts: Cenk Uygur
Cast: Cenk Uygur

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