SURPRISED? HOLDER BLOCKED PROSECUTION OF HSBC IN DRUG CARTEL MONEY LAUNDERING: Former Attorney General Eric Holder blocked filing of charges against financial industry giant HSBC that were recommended by career Department of Justice attorneys. That’s just one of the findings of a majority staff report by the House Financial Services Committee.

Holder “and his senior staff allowed HSBC to settle over the bank’s money laundering oversight failures rather than face criminal charges. They then ‘misled’ Congress as to why the DOJ failed to prosecute HSBC” in 2012, reports the Daily Caller News Foundation Investigative Group’s Katie Watson.

The report was titled “Too Big To Jail: Inside the Obama Justice Department’s Decision Not to Hold Wall Street Accountable.” As Glenn Reynolds would say, they told us “too big to fail” banks would be above the law if Barack Obama wasn’t elected President in 2008 and re-elected in 2012.