The bank paradise

National
The bank of the national laundry: HSBC
The bank paradise
By: Carlos Damián July 26, 2012
The accomplices of the laundry center: without laws to penalize them
México. - The transnational ones financial they have made of Mexico their fiscal paradise to exception of the islands Cayman, they are very calm since the managerial government guarantees them the one on the way to the good business. But we observe the biggest fiscal scandal registered up to now up to -now -without fiscal laws that they sanction them legally - and the balance will be sanctioned administratively, included the laundry of money that was carried out in open violation of the Mexican law. The Mexican laws discriminate against the economic inequality, but the bank barons with the directive of the HSBC they are icons of the impunity and the jeer to the Mexican state, since they can continue without risk some in their laundry of money of the Mexican and foreign cartels, when receiving the blessing on behalf of the president of the Bank National Commission and of stock-exchanges market (CNBV, in Spanish), Guillermo Babatz (GB), the following message: "calm, boys that in the worst in the cases, and to cover him the eye to the male, they will be sanctioned administrative and not penalty", it pointed out.

When approaching the topic of the bank HSBC in Mexico of 7 thousand million dollars coming from the Mexican Cartels and of the organized delinquency that they are “washed and exported” with the obliging bank authority. The matter seeks to be solved with simple administrative sanctions before the General Attorney's office of the Republic, because the CNBV, argues that the respective law doesn't grant it abilities to proceed and to punish them, but this circumstance doesn't prevent them to present a quarrel before the General Attorney's office of the Republic (PGR), so that it proceeds in consequence. That which this plug strings doesn't believe that they make it because the transnational banking can be affected sentimentally, and in the country of ‘it doesn't pass anything’ you can make any quantity of misdeeds and the answer will always be the same one: impunity and guaranteed corruption.

Changes and power
Ignacio Deschamps Gonzalez ascends to the corporate of the BBVA Group, when being named general director of Retail Bank, unit responsible for the business retailers to global scale. In their place they are as president of the advice of administration of BBVA-Bancomer, Luis Robles Miaja, and Vicente Rodero Rodero like general director and vice-president of the mentioned council. Although Ruchir Sharma, in a book best seller ‘in pursuit of the next economic miracles’, comments us that in any country of the world the almost absolute domain of the market is observed, and with little competition of the ten richer families of Mexico -according to the magazine Forbes are 13 families -, and these they are owners of the third of the value of its stock-exchange market, one of the highest concentrations among the emergent markets.

This circumstance of the system Mexican political-economic you cannot describe as left, and Mexico clearly cannot question that the Mexican parties are in fight for the well-being of the Mexicans, according to it previously mentioned, the Mexican politicians will continue looking for its personal well-being and to put on to the service of the group of the economic power. From this perspective, the family Slim controls 40 percent of the market. The multimillionaire elite controls the financial sector and so the political sector. This change is reflected in the approval from the financial sector when reaching historical values record the stock-exchange market, and with these two right parties that have been raised in the federal administration they feel that its hegemony is sure. Certainly any economic change that arises in Mexico will be in benefit of the elite.

The machine of the “laundry of money"
The transnational one in Mexico “washes” seven thousand million dollars to the organized crime, their leaves them with “pleasing aroma” and it exports them to the country of the bars and the stars, and “nobody accuses to the bank of being the criminals' accomplice", according to GB. As regards laundry of money “from 2002 evidence HSBC” the president of the CNBV he affirms, but nobody makes anything to avoid this dirty and criminal practice. In such a way that the CNBV has been limited “to express in a reiterated way“ its “concerns” to the mentioned transnational bank for “its flaws in the identification and shipment of reports on unusual and excellent operations; lack of knowledge about their of high risk’s clients; flaws in the file creation; high volume of operations with dollars cash; it lacks of personnel for the areas of execution of the bank and infractions made to the regulatory frame; control flaws in the opening of current accounts, as much in Mexico as in fiscal paradises in the exterior”.

The lawyers of the transnational company went to consult the Mexican laws that it doesn't charge taxes to the movements of the stock-exchange market and it is part of the “worries, and mortifications” of the transnational one. For what the washer continued to maximum speed before the eyes of the CNVB that it didn't inform -according to the version of them - to the PGR to lack abilities to proceed legally against the illicit practices of the mentioned company. It is supposed by the attitude of the company that the PGR if it has "teeth" to act legally against the company but from 2002, GB was Ministry of Treasury of Fox and it was informed of the practices of the company and it is necessary to remember that Francisco Gil Diaz (FGD), to the banking it allowed him everything that advanced the paying-off of the notes of the Fobaproa, and that it hid any excess of the barons owners of the money.
Neither leave in the air that to scarce 33 days of concluding Vicente Fox’s six years, FGD in a magic way became member of the council of administration of HSBC. The witchcraft of the financial family is completed in all the public officials, since when leaving they find good employments here or abroad, for its good services to the Mexican and transnational elite. (La Jornada, economia, p.p. 10-15, July 19, 2012).