If we want to get tough on terrorism as a country, then we have to start by going after the big banks. The big banks are laundering money for terrorist organizations and they’ve been doing it for a very long time. Congress knows it’s going on. The media knows it’s going on. The Department of Justice knows it’s going on. Ring of Fire’s Mike Papantonio and Farron Cousins discuss this.
Mike Papantonio: If we want to get tough on terrorism as a country, then we have to start by going after the big banks. The big banks are laundering money for terrorist organizations and they’ve been doing it for a very long time. Congress knows it’s going on. The media knows it’s going on. The Department of Justice knows it’s going on.
You know the story. UBS … Well, actually, there are about four banks that were caught red-handed doing that. HSBC. HSBC. Now, I love this story because this is where all these hanger-ons about there’s only one party that can save America, all these hangers-on that really have never taken the time to really look behind the story. HSBC’s a good one, isn’t it? Because HSBC was caught. Admitted that, yes, we’re laundering money for terrorism. They even signed a two-page document, item by item, we washed the money, we knew we were washing the money, we knew they were terrorists, we knew that human life was at risk and people were killed, we did all these things. Oh yeah. We’ll pay a billion dollars and everybody goes home. Nobody worries about it. Take it from there.
Farron Cousins: It was a great moment for Eric Holder to be able to stand up there as our Attorney General at the time and say, “Look, we’re stamping down on terrorism. We just busted this bank. They’re going to pay us a billion … Somewhere between 1 and 2 billion for laundering much more than that for these terrorists,” and the bank goes about their business. We don’t know that they’ve stopped it. By all accounts, they likely haven’t. We got Credit Suisse, Bank of America, HSBC, UBS are the four big ones.
Mike Papantonio: Yeah.
Farron Cousins: They have all been popped for this and all, at least in some way, have kind of paid a fine for it. But right now when we see Monday morning, President tweeting out in all caps or … about a rant threatening Iran. Then we have everybody saying, “Well, what about this Russian war?”
Mike Papantonio: What about-
Farron Cousins: Hey. Okay.
Mike Papantonio: … Saudi Arabia.
Farron Cousins: Listen. Listen to this. There’s CNN last week, declared that Russia was committing acts of wars.
Mike Papantonio: Okay.
Farron Cousins: Acts of war. All these people trying to say, “We’ve got to protect American security, right?” Okay. Go to the banks.
Mike Papantonio: Yeah.
Farron Cousins: Because they are the ones who are helping fund the actual terrorism, killing people in the US, they’re killing people in Europe, and in Africa, in the Middle East, all over the place.
Mike Papantonio: Farron, you saw … You and I’ve done this story with HSBC. One of the programs we did, you actually had the release that they signed. It seemed like we were talking about every item on the release. Here’s what’s incredible about it. They admit: A, as I said, yes, we are washing money for terrorists; B, yes, we know they are terrorists; C, we know the money is being used to kill Americans; and D, we have a process that basically where simply has been going on for 15 years and we do it because we can. If you read that document, basically that’s what it says.
Farron Cousins: Right.
Mike Papantonio: We do it because we can. What that means is the Department of Justice, Eric Holder, Loretta Lynch, the people that caught them doing it said, “Oh, we’re going to let you get away with paying a fine.” Any one of those things would have put those people in prison the rest of their lives.
Let me tie one other thing up. One other thing up. We’re seeing the same thing on opioids. I took a deposition last Thursday. This is not confidential information. All the depositions that I’m having to take in the opioid case against McKesson and these various people, I have to hold confidential until we go to trial, which is absurd. But at any rate, we now know this. Covington and Burling, who Eric Holder works for, today works for, worked for Covington and Burling before today, worked for Covington and Burling before he went to work as Attorney General, his specialty was white collar crime. He works for the lawyer that represents McKesson right now. That same lawyer is the lawyer who negotiated the deal with McKesson. This is in the newspaper. There’s nothing confidential about this. This same lawyer negotiates with the Attorney General. They’re from the same law firm. They worked together before Eric Holder went to work as the AG. They work together now after Eric Holder moves from the AG.
In this situation, the DEA said, “We caught McKesson breaking the law very clearly.” They say that the fine should be begin somewhere at a billion dollars and we need a perp walk. It goes from that, that’s the recommendation of the DEA, it goes from that to where the Covington Burling Attorney General, that the lawyers, this inside job with the lawyers, they say to McKesson, “Well, we only want you to pay $150 million and nobody goes to jail.”
That’s this story. That’s just another iteration of this story right here with HSBC and the banks that are killing Americans daily.
Farron Cousins: Well, and now what’s happening is that we’ve got these lawsuits that are popping up of people actually holding these banks accountable for their role in these terrorist attacks. They’re not easy cases to prove. I know you’ve worked on these and we’ve met with attorneys. I’ve been there just to be able to listen and understand this better. But these are tough. Listen, you got to know 100% that the money came from a terrorist organization. Two, that the bank then gave this money to other terrorists to carry out a specific attack. Three, that the money that was given to them was what was spent on that attack. Four, that any injuries from any party trying to sue came from that attack from the things that were purchased with that money. We’re looking at incredibly difficult cases, but they’re winning.
Mike Papantonio: We’re going to win this case.
Farron Cousins: Yeah. Exactly.
Mike Papantonio: We have one of the biggest cases pending in the country against these banks. That is where we’ve caught them. We’ve caught them. Actually, it’s not just that they admitted to everything you just said, but we’re catching … We got witnesses, we got whistle blowers, we got documents that are coming in every day showing us that the banks to this day, as you and I are talking, are still doing this. Why are they still doing it? They’re still doing it because nobody went to prison. They’re still doing it because Eric Holder with Covington Burling let them go again. Then we find out, oh by the way, isn’t it a coincidence, Covington and Burling now represents these people and, oh by the way, Covington and Burling in Washington, D.C., Eric Holder’s law firm, represented him before we let him go for a billion dollars when any one of the things that they admitted to should have landed them in prison. That’s the state of our Justice Department where it comes terrorism in the United States.
Farron Cousins: Now we’ve got Jeff Sessions, Attorney General, who’s been obscenely quiet almost in the last few months, but the few times he comes out and says something, he’s telling us about we got to tamp down on marijuana. Marijuana’s the greatest threat to the world as a whole, and if Jeff Sessions doesn’t come in as our savior, we’re all dead from marijuana overdoses, ignoring all of the evidence on opioids, on terrorism, on bank fraud that’s piling up on his desk every day.
Mike Papantonio: They got so much to talk about. We could have a perp walk on Wall Street.