Why did UK Bankers donate to Romney?

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Why did UK Bankers donate to Romney?

Postby Lily » Tue Aug 07, 2012 8:29 pm

This is why some British Banks donated to Romney's 2012 election campaign. If he gets elected they want him to call off New York's Department of Financial Services investigation into their laundering bank funds for Iran for over a decade and kicking them out of New York.

http://www.nytimes.com/2012/08/07/busin ... ns.html?hp

I quote (sorry for the long link):
"Using its New York-based operations, a major British bank schemed with the Iranian government for nearly a decade to launder $250 billion, leaving the United States financial system vulnerable to terrorists and corrupt regimes, New York’s top banking regulator charged on Monday.

Benjamin M. Lawsky, head of New York State’s Department of Financial Services, investigated Standard Chartered Bank.

The New York State Department of Financial Services accused Standard Chartered, which the agency called a “rogue institution,” of masking more than 60,000 transactions for Iranian banks and corporations, motivated by the millions of dollars it reaped in fees.

Senior management at the 150-year-old bank used the New York branch “as a front for prohibited dealings with Iran — dealings that indisputably helped sustain a global threat to peace and stability,” according to a regulatory order sent to the bank. The order requires the bank to explain the apparent violations of law in a hearing later this month and justify why its license to operate in New York shouldn’t be revoked."

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Re: Why did UK Bankers donate to Romney?

Postby pjbogart » Tue Aug 07, 2012 8:40 pm

Foreign citizens are not allowed to donate to US political campaigns so the fundraisers that Mitt Romney had in England and Israel would have been US citizens donating to his campaign. I think the wisdom of those fundraisers is certainly questionable, but they weren't illegal.

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Re: Why did UK Bankers donate to Romney?

Postby Shorty » Thu Aug 23, 2012 8:43 pm

Interesting link thanks.

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