Saturday, July 9, 2016

Why Donald Trump and Hillary Clinton incite hatred from the GOP: It’s the Hedge Funds Stupid

Ex-Hedge Fund Executive and Board of Directors Member of the convicted terrorist and drug cartel money launderer HSBC Bank turned FBI Director, James Comey appeared before Paul Ryan’s congressional committee to justify his failure to indict Hillary Clinton after career prosecutors at the FBI found no criminal wrong doing. 

After the take down of Hillary Clinton by FBI Director James Comey after announcing that career investigators at the FBI found no credible evidence of wrong doing on the part of Hillary Clinton, Matt Miller of the Washington Post wrote “When FBI Director James B. Comey stepped to the lectern to deliver his remarks about Hillary Clinton on Tuesday, he violated time-honored Justice Department practices for how such matters are to be handled, set a dangerous precedent for future investigations and committed a gross abuse of his own power.” 

“… In fact, his willingness to reprimand publicly a figure against whom he believes there is no basis for criminal charges should trouble anyone who believes in the rule of law and fundamental principles of fairness.”

Before Comey was tapped by Obama to become the FBI director he was an executive at the hedge fund Bridgewater Associates and a member of the Board of Directors of HSBC, the London-based bank that was convicted of money laundering for terrorists and drug cartels through their U.S. banks.   According to LaRouche Pub:

Feb. 15—A novel civil lawsuit, filed recently in the Federal District Court for the Southern District of Texas, holds HSBC responsible for scores of murders, including of U.S. Federal agents and U.S. consular officials, that were carried out by Mexico’s violent drug cartels. HSBC, formerly the Hong Kong and Shanghai Banking Corporation, was the original British Crown chartered bank for laundering opium proceeds during the time of the Nineteenth Century British Opium Wars against China.

A 2012 U.S. Senate Permanent Investigations Subcommittee report thoroughly documented the role of HSBC as the number one money-laundering bank for the Mexican and Colombian drug cartels. The civil lawsuit holds HSBC accountable as an integral part of that international drug and murder apparatus. Were it not for the Obama Administration’s policy of “too big to jail,” HSBC would have had its charter to do business in the United States cancelled immediately after the release of the Senate investigation, and top executives would have been thrown in jail as part of a narcotics racketeering prosecution.

How, you may ask did HSBC get away with murder?  From LaRouche Pac:

Not only is the Attorney General of the United States, Lorretta Lynch, the US Attorney who gave drug money laundering bank, HSBC, a free pass with a Deferred Prosecution Agreement, but the head of the FBI, James Comey, was plucked by Obama from a plum job at HSBC, which Comey took in January, 2013, just after HSBC got the deferred prosecution deal…

In addition, Stuart Levey, Obama's Assistant Secretary of the Treasury for administering sanctions against terrorist supporters and closing off terrorist and criminal money laundering left the Obama administration to become HSBC's Chief Legal Officer, a top position in the London headquarters along with the board of Directors.

So how is HSBC doing since Loretta Lynch gave them a free pass for money laundering and murder now that Obama’s handpicked watch dog is their Chief Legal Officer?  Not so well.  The Daily Mail is reporting that the independent “monitor” installed by the US government has significant concerns.  It seems Cherie Blair’s law firm Omnia Strategy accepted a £210,000 payment from conman and terrorist Abdulla Uameen, laundered through HSBC via a clothing import export business.  HSBC’s anti-money laundering systems should have detected and blocked the transaction, but failed to do so.

As for HSBC it announced it made a £13.2billion profit last year and dished out £2.4 billion in bonuses to staff, including HSBC’s chief executive Stuart Gulliver, who received a £7.3 million pay package.

My, my, my.  Seems the more things change the more they stay the same.  What you may say does that have to do with Hillary Clinton?  Well the Comey hearings served no purpose other than to give Paul Ryan and his vigilantes an excuse to initiate another multi-million dollar investigation against Hillary Clinton.  The banks are quaking in their boots at the thought of a President Hillary Clinton.  Why?

Clinton has laid out a plan to remove Wall Street Bankers from the Federal Reserve Banks’ Regional boards where the monetary policy and regulatory decisions are made. As Rolling Stone’s Matt Taibbi put it:

“Clinton clearly understands how the Fed functions…  Most people do not know that they are staffed with chief executives from Morgan Stanley, Comerica, KeyCorp and private-equity firms like Silver Lake.”  “In her quiet way, tinkering with the inner workings of a near-century old quasi-government institution that is arcane to most, Clinton has a chance to achieve radical, lasting financial reform.”

However Jeb Hensarling, one of the Republicans “grilling” Comey, has presented the GOP’s Wall Street crafted banking reform bill called the Financial Choice Act.  The Texas Republican’s bill would dismantle key parts of the 2010 Dodd-Frank Act, do away with the Volcker Rule, which restricts a bank’s ability to make risky speculative investments and repeal the Consumer Protection Bureau’s authority to ban financial services or products it considers “abusive” to consumers.  In addition Hensarling proposes more than two dozen financial regulation relief bills for community banks.

I have one thing to say to the Bernie Sanders’ supporters, take off your rose colored glasses, wake up and smell the coffee.  In 2000 you succumbed to Ralph Nader’s “if not now when” campaign.  In 2008 you fell for Obama’s “if you don’t give it to the black guy there will be a race war” campaign.  You gave us George W. Bush and his mirror image Barack Obama, please make an informed decision and vote for either Hillary Clinton or Donald Trump, for they are the only two people who really represent you and the interests of the American people.

By Patricia Baeten

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