Obama Admin. confirms that banksters are above the law

The banksters run the world. Even when they break the law, their TBTF banks are too "systemically important" to the financial system to prosecute them, even if it's for something as blatant as laundering drug money:

Nor have any individuals been charged at the five other big European banks that have also managed to dodge formal money-laundering charges in recent years, including British bank Standard Chartered, which entered its own deferred prosecution agreement on Monday. Apparently, all of this constant money laundering was done by robots.

"The message this is sending is if you want to engage in money laundering, make sure you're doing it within the context of your employment at a bank," [Notre Dame law professor Jimmy] Gurulé said in a phone interview. "And don't go small. Do it on a very large scale, and you won't get prosecuted."

By contrast, in 2010, the U.S. Congress took it upon itself to impose a mandatory sentence of 5 years in prison for possessing 28 grams of crack cocaine (that's down from 5 years for 5 grams in the 1980s).  So why isn't laundering billions of dollars of drug money or Iranian embargo money worth a mandatory sentence in prison?  Maybe I sound like an angry black man, but when you make these simple comparisons then you see who writes the laws, and for whom. The game is fixed.

UPDATE (12.14.2012): My man Matt Taibbi also made the obvious banksters-drug users comparison on prosecutions and mandatory sentencing on his Rolling Stone blog a day after I did.

Obama Administration Essentially Admits That Some Banks Are Too Big To Jail, Which Is Troubling

By Mark Gongloff

December 11, 2012

URL: http://huff.to/YXKOpr