“William K. Black
Assoc. Professor, Univ. of Missouri, Kansas City; Sr. regulator during S&L debacle
“Why Did Obama [Chicago Candyman] and Cameron Save a Criminal Enterprise Like HSBC?
Posted: 12/13/2012 8:03 am
Why is HSBC still in operation? On the same day (December 10, 2012) that the Barack Obama administration leaked the story of the HSBC settlement, a story ran in the New York Times that was full of self-praise by the Obama and David Cameron (U.K.) governments for their "cooperative approach" to cracking down on systemically dangerous institutions (SDIs). SDIs are treated as "too big to fail" because they pose a global systemic risk when they fail. The HSBC settlement puts the lie to the Obama/Cameron crack-down on the SDIs for it revealed a disgrace -- Obama and Cameron treat the SDIs as too big to prosecute. Indeed, HSBC demonstrates that the SDIs' senior officers are treated by Obama and Cameron as too elite to prosecute. The propaganda meme of the NYT story -- that the SDIs would never again be given special favors due to reforms being adopted by Obama and Cameron -- lasted four hours before it was destroyed by the disgraceful reality of the Obama and Cameron governments' refusal to prosecute HSBC and its officers for their tens of thousands of felonies.
The NYT article begins by accepting the Obama/Cameron framing of the SDI issue, without any critical analysis. "It is one of the thorniest problems hanging over the financial system: how should authorities deal with the collapse of a sprawling global bank to protect the financial system at large?" The reporter's implicit assumption is that we must have banks that are systemically dangerous when they fail.”
“HSBC Officially Opens Chicago Office [allegedly as cover for hiring Gangster Disciples to extort rivals for Candyman nomination as Democrat presidential candidate]
Two Earthwatch Educator Fellowships Presented to Local Chicago Teachers
2 May 2007
New York -- HSBC USA Inc. today announced the official grand opening of its new downtown Chicago office which will offer commercial banking, cash management and trade services, private banking, wealth and tax advisory services and commercial real estate banking. The office is located at The Hyatt Center, 71 S. Wacker.
To celebrate the opening, HSBC will host a welcome reception for guests including customers, community leaders, employees and other VIPs. Paul Lawrence, President and Chief Executive Officer, of HSBC Bank USA, N.A. will present HSBC Educator Fellowships to two local Chicago area teachers in celebration of the new office. The two teachers are Amy Andrews, a third grade teacher at Abraham Lincoln Elementary School, a Chicago public school and Jennifer Griffith, a second grade teacher at The Latin School of Chicago, a private school located on the Near North Side of Chicago. According to Lawrence, “We consider ourselves a guest in every market in which we do business and overall, we believe we are a guest of the planet. Our commitment is to support the local community and to act as environmental stewards in those markets. We believe these fellowships will serve to do both well.” In 2006, HSBC made a $3.7 million social investment in Chicagoland activities.
The addition of the downtown Chicago office continues to build on HSBC’s significant presence in the state of Illinois. “We are committed to offering our banking customers a suite of services to meet all their banking needs,” Lawrence added.
HSBC employs more than 6,000 people in the state, including those at its North America headquarters in Prospect Heights, Illinois. In addition, HSBC has employees in Deerfield, Elmhurst, Franklin Park, Mount Prospect, Schaumburg, Vernon Hills and Wood Dale.
Media Contacts
Francine Minadeo francine.v.minadeo@us.hsbc.com
HSBC - North America
212.525.8737”
“The Black Gangster Disciple Nation is a gang which was formed on the South-side of Chicago in the late 1960s, by David Barksdale, leader of the Black Disciples, and Larry Hoover, leader of the Supreme Gangsters. The two groups united to form the Black Gangster Disciple Nation (BGDN). The gang has made several attempts to legitimize their image. Some members dropped the "B" and began to call themselves GDs or Gangster Disciples. In the 1990s [allegedly funded by the drug trafficking bank HSBC] the Gangster Disciples entered into politics in the Chicago tradition of Black Panthers, Black Stone Rangers, Latin Kings, Vice Lords, Black Disciples and Young Lords through the formation of the "Growth and Development" movement [to put the Chicago Candyman in the White House]. Outside of Chicago some gangs will still go by the old name of BGD. Gangster Disciples have been documented in the U.S. military, found in both U.S. and overseas bases. Graffiti characteristic of the Gangster Disciples has been reportedly seen in U.S. military bases in Iraq and Afghanistan. … Memebrship 40-50,000+ with 30,000+ in Chicago”
More to follow.
PresidentialField
Abel Danger
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