HSBC’s involvement in drug money laundering also has implications for the Obama administration. In December 2011 the New York Times reported on the Department of Justice’s involvement in drug money laundering. Immediately, the House Oversight and Government Reform Committee, which is investigating Operation Fast and Furious, announced that it was going to expand its investigation of gunwalking to the Mexican Sinaloa drug cartel to now include drug money laundering, but the Department of Justice refused to cooperate.
The same Lanny Breuer who is implicated in gunwalking also was involved in letting Wachovia Bank off with a slap on the wrist after it had been established that it was laundering drug money for the same Sinaloa cartel. HSBC then moved in to take over the drug money laundering activity of the cartel under the watchful eye of the Obama administration.
The question posed by Lyndon LaRouche is, how much of the drug money was funneled into the 2008 Obama Presidential campaign?
A serious investigation would have to explore the relationship between gunwalking and drug money laundering, and whether there was a deal between the Obama campaign and the drug cartel to launder funds into the campaign...read more