Somebody really needs to let Elizabeth Warren know how Washingon society works. Last week Warren and several other senators rebuked regulators for their refusal to act against felonious banks and bankers when they violate sanctions or criminally assist psychotic drug lords who cut off people's heads.
Their outrage was triggered by the lack of indictments against bankers at HSBC. The bank's executives earned big bonuses after their bank laundered money for Mexican drug cartels and criminally violated sanctions against Iran, Libya, Sudan, Burma and Cuba. As "punishment," the banks' shareholders will pay a $1.9 billion fine. The lawbreakers themselves will not be charged, and will be allowed to keep their own ill-gotten income.
As Sen. Warren noted:
"If you're caught with an ounce of cocaine, the chances are good you're going to jail. Evidently, if you launder nearly $1 billion for drug cartels and violate our international sanctions, your company pays a fine and you go home and sleep in your own bed at night."
Warren and several of her colleagues continued to lambast these public servants at length for their indifferent attitude toward Wall Street felonies. Apparently nobody told them: In Washington, that sort of thing just isn't done.
After all, the word has come down from Attorney General Eric Holder himself: We don't punish too-big-to-fail banks. "(I)f we do bring a criminal charge," said Holder, "it will have a negative impact on the national economy, perhaps even the world economy."
This is presumably why Wells Fargo, like HSBC, was never indicted for feloniously aiding and abetting Mexican drug lords. That group is made up of people like "El Loco" - "The Madman" - who run gangs like "Los Zetas." They've murdered more than sixty thousand people, often by cutting off their heads and tossing them into nightclubs and town squares. "El Loco" himself was indicted for beheading 49 people and dumping their heads in the town square.