Elizabeth Warren, a question: how much a bank wash before people go to jail?
Warren, Massachusetts Democratic Senator and financial regulatory expert, raised this issue numerous financial regulatory agencies in the Senate Banking Committee hearing on Thursday in the banking and money laundering.
In December, the U.S. Department of Justice officials announced that Europe's largest bank, HSBC will pay a fine of $ 1.92 billion, Mexican and Colombian drug cartels laundering activities of $ 881 million. At that time, the the Justice Deparment controversial allegations that some banks are too big to prosecute.
Two regulatory agencies, terrorism and financial intelligence, David Cohen, and Fed Governor Jerome H. Powell, Deputy Secretary, deflection of Warren, he said, criminal prosecution, the decision of the Ministry of Justice.
"Enraged Warren said," If you are caught, an ounce of cocaine, there is a good chance that you go to jail if recurring, you might want to go to jail for the rest of your life, she wrapped her ask words. "But clearly, if you are cleaning nearly a billion dollars of drug cartels and violations of international sanctions, the Company to pay a fine, and you go home and sleep in my own bed at night - every single individual related - and I just think it is fundamentally wrong. "
 



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