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 discusses this issue. 

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.M

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 this story, UBS, I mean, 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, you know, 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 is a good one, isn’t it? Because HSBC was caught, admitted that yes, we are 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. So it was somewhere between one and two billion, you know, 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, you know when we see Monday morning president tweeting out in all caps or about Iran, threatening Iran, and then we have everybody saying, well what about this Russian woman?

Mike Papantonio:                          What about Saudi Arabia?

Farron Cousins:                   Okay, listen to this though. CNN last week declared that Russia was committing acts of war.

Mike Papantonio:                          Okay.

Farron Cousins:                   Acts of war. So all these people trying to say we’ve got to protect American security, right? Okay. Go to the banks 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 and 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, we are, yes, we are washing money for terrorists.

B, yes, we know they are terrorists. C, we know the money’s being used to kill Americans and D, we have a process that basically we’re simply has been going on for for for 15 years and we do it because we can. That’s if you read that document, basically that’s what it says.

Farron Cousins:                   Right.

Mike Papantonio:                          And 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 of the thing up. One other thing up. We’re seeing the same thing on opioids.

I took a deposition last Thursday, I knew this, this is not confidential information. Every, all the depositions that I’m having to take in the opioid case against McKesson and these various people I have to hold confidential, till we go to trial, which is absurd. But at any rate, we now know this. Covington & Burling, who Eric Holder works for, today works for. Worked for Covington & Burling before today. Worked for Covington & Burling before he went to work with, as attorney general.

His specialty was white collar crime. Okay. He works for the lawyer that represents McKesson right now. Okay. That same lawyer is the lawyer who negotiated the deal with McKesson, this is in the newspaper, there’s nothing confidential about this. So 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. In this situation, the DEA said we caught McKesson breaking the law, very clearly. They say that there should be a, the fines should begin somewhere at a billion dollars and we need a perp walk. Okay? It goes from that. That’s the recommendation of the DEA.

It goes to, from that to where the Covington & Burling attorney general, the lawyers this inside job with the lawyers, they say to McKesson, well, we only want you to pay $150 million dollars 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 attack. They’re not easy cases to prove and, you know, 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 and 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 gonna win this case.

Farron Cousins:                   Yeah, exactly.

Mike Papantonio:                          We have, we have one of the biggest cases, you know, pending in the country against these banks. And that is where we’ve caught them. We’ve caught them. And actually it’s not just that they admitted to everything you just said, but we are catching, we got witnesses, we got whistleblowers, 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, you know, let them go again and then we find out, oh by the way, isn’t it a coincidence. Covington & Burling now represents these people and oh, by the way, Covington & Burling in Washington DC, Eric Holder’s law firm represented them before we let them 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 to terrorism in the United States.

Farron Cousins:                   And now we’ve got Jeff Sessions, attorney general, who’s been an obscenely quiet almost the last few months, but the few times he comes out and says something he’s telling us about. We got tamp down on marijuana. Marijuana is 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, thats 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.

Mike Papantonio is an American attorney and television and radio talk show host. He is past president of The National Trial Lawyers, the most prestigious trial lawyer association in America; and is one of the few living attorneys inducted into the Trial Lawyer Hall of Fame. He hosts the international television show "America's Lawyer"; and co-hosts Ring of Fire Radio, a nationally syndicated weekly radio program, with Robert F. Kennedy, Jr. and Sam Seder.