HSBC's Money Laundering Scandal (2022)
Why aren't bankers who launder billions for drug cartels given the kind of multi-decade federal prison sentences that 25-yr-old kids smuggling a few kilos of cocaine from Mexico to the  United State are?<p>It certainly makes it look like outfits like the FBI and DEA are little more than the enforcement arms of an organized white-collar crime cartel operating out of Wall Street offices, doesn't it?  Amusingly James Comey (future FBI chief) got an 'advisory legal job' with HSBC after this scandal, which certainly looks like payola.  Maybe bank robbers could also get out of prison time by hiring ex-FBI agents to advise them on how to not rob banks anymore?<p>And yes, you can still find all the cocaine or fentanyl or methamphetamine you want with ease in any city in the USA, and it's still being shipped by the cartels, and they're still laundering the profits through the banking system and the real estate property markets, same as they've been doing since the 1980s at least.