Innner City Press posted this. ( See their full article)
Update of September 19, 2005: Guess who’s been a correspondent for Macau’s Banco Delta Asia, named last week as a money launderer for North Korea, and a primary money-laundering concern? HSBC, of course — the world’s standardless bank. According to The Standard, Banco Delta Asia “has a correspondent account with HSBC Bank USA in New York.” Meanwhile in Katrina’s wake we’re compelled to note the Congressional testimony on September 14 of David Gibbons of HSBC / Household, speaking for the trade association American Financial Services Association, which has sued to block local anti-predatory lending laws all over the country. This is HSBC’s action in the U.S. — to be the power behind lobbying against democracy, all the while claiming to be a leader. A leader in what?
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