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December 11th, 2012
07:41 PM ET

Big Banks Pay Big Fines

Brooke Baldwin talks to former TARP Inspector General Neil Barofsky about recent fines levied on banking giants for fraud and money laundering. HSBC has been hit with a $1.92 Billion fine for laundering money that allegedly included drug money from Mexico.

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Filed under: Brooke Baldwin
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  1. reasonedandy

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    I think It should be noted that President Obama's Department of Justice did not make any moves against the banks until the last few months of his campaign and now the lame duck portion of his first term. It will be interesting to see What happens in the second term, and at what pace. It's sure to send ripples through "the Street",

    December 11, 2012 at 8:09 pm |
  2. joseph pruzinsky

    Hsbc's greedy shows how many American soldiers did they assist in getting killed with there involvement in terrousm.they knew all along what was going on but hey profits and knowing they would never be heals accountable.and lets not forget about the money laundering for drug cartels.thank goodness there's laws for the little guysp

    December 12, 2012 at 1:56 pm |
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