Attorney General Eric Holder blasted for HSBC settlement
December 13th, 2012
07:29 PM ET
10 years ago

Attorney General Eric Holder blasted for HSBC settlement

(CNN) - The top Republican on the Senate committee that oversees the Justice Department issued a blistering criticism of Attorney General Eric Holder and his department for failing to pursue criminal charges against a giant global bank that admits violating federal laws by laundering money on behalf of Iran, Libya, Sudan and Myanmar.

Sen. Charles Grassley, R-Iowa, sent his stinging letter to Holder Thursday, calling it "inexcusable" for the department not to prosecute criminal behavior by the British banking giant HSBC. In a settlement reached Tuesday, HSBC agreed to pay the U.S. government $1.92 billion in a wide-ranging agreement. Any prosecution in the case was "deferred," meaning it is unlikely anyone from the bank will ever go to jail for wrongdoing.


Filed under: 2012 • Eric Holder
soundoff (3 Responses)
  1. S.B. Stein E.B. NJ

    I would have liked to hear that there was more of a penalty. Why was there no case or investigation against individuals in the bank? That would have taken longer but likely have stopped that from happening in the future.

    December 13, 2012 09:39 pm at 9:39 pm |
  2. Ed1

    Payback for more of Obama friends.

    December 13, 2012 10:25 pm at 10:25 pm |
  3. Anthony in California

    Remember.. its only OK when a Republican does it.... don't these Democrats get it.

    oh yeah, another thing.. don't minority democrats also realize they are all targets for Republican attacks? Since the Rs couldn't take down Obama.. they have to settle on taking it out on all those that look like him...

    So petty.

    December 13, 2012 10:58 pm at 10:58 pm |