Skip to main content


February 4, 2014

How Feds' Double Standard Enables Bad Bankers

“The next time someone tells you that bankers got off scot-free from the financial crisis, tell them they’re wrong. Really. The truth is that lots of bankers are sitting in jail for bubble- and post-bubble era crimes.

“Just not bankers who worked at giant banks. HSBC admitted laundering hundreds of millions of dollars for drug cartels, but no bankers in its employ were prosecuted. Instead, its executives agreed to cough up $1.9 billion to make the problem go away.

“The Obama Justice Department showed no such mercy at Georgia’s Tifton Banking Co., where Gary Patton Hall Jr. was convicted in a book-cooking scheme that cost taxpayers and the bank $2.8 million. Or at Ocean Bank in Miami, Fla., where Danilo Perez was sentenced to 37 months for taking bribes and evading $91,000 in taxes.”


Read full American Banker article here

In the News


For media inquiries, please contact us at or 202-618-6433.

Contact Us

For media inquiries, please contact or 202-618-6433.

To sign up for our email newsletter, please visit this page.

This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

"* (Required)" indicates required fields

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact or 202-618-6433.


Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today