NPR’s Tom Ashbrook did a great program on the HSBC banking scandal, including an interview with Sen. Carl Levin, yesterday as a part of Thursday’s edition of On Point. The discussion is in regards to Tuesday’s Senate Permanent Subcommittee On Investigations hearing about HSBC’s money laundering allegations. In the interview, Senator Levin speaks about the long list of issues that goes along with solving these types of systemic problems, the main one being a lack of accountability. Improper enforcement, oversight, and a disregard for the well being of the global financial system are aspects of this lack of accountability.
Get Levin’s full analysis during the interview below.
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