This article first appeared online at TheNewAmerican.com on Tuesday, March 17, 2015:
Friday’s news that French state financial prosecutors were joining with the Swiss government in pursuing charges that HSBC’s Swiss banking division was engaging in illegal tax dodges for their wealthy clients may have spelled the end of the nomination of Loretta Lynch (shown) to replace Eric Holder as U.S. Attorney General.
Three years ago, Lynch caved in and let HSBC off the hook with a modest fine and a slap on the wrist following its investigation into the bank’s money-laundering activities that helped fund Middle East terrorists and Mexican drug cartels. Lynch’s agreement insulated guilty parties from criminal prosecution while allowing the bank’s money laundering activities to continue despite its agreeing to a “cease and desist” order.
The current head count in the Senate gives