Filed under: Uncategorized | Tags: Barofsky, Colombian drug lords, DOJ, DOT, drug cartels, Geithner, HSBC, money laundering, rescued by compliant officials, TARP, terrorism, too big to fail, too big to jail, too big to nail
via Neil Barofsky (former Inspector General of TARP) and New Republic:
Some perspective: HSBC sent more than $800 million in bulk cash from Mexico to the United States, a good chunk of which apparently represented proceeds from some of the most notorious Colombian drug cartels. As someone who tried the first narcotics money laundering case involving extradition from Colombia, let me assure you that this is a lot of money, the discovery of which usually generates vigorous prosecutions and lengthy prison sentences. And it wasn’t HSBC’s only dirty business: There were also hundreds of millions of more dollars of illegally disguised transactions with rogue nations such as Iran and Sudan.
Why no criminal charges? Why instead only some remedial measures and a “historical” fine that can be measured in weeks — not years — of earnings? It certainly wasn’t for lack of evidence. No, instead the government determined that HSBC is not only too big to fail, but also too big to jail. As the New York Times first reported, even though there were strong voices within DOJ pushing for criminal charges, the big banks’ best friends within the government (the Treasury Department, of course, and other unnamed regulators) were too fearful that an indictment could destabilize the global financial system. Yes, it’s 2008 all over again. In the name of systemic stability, a megabank again escapes accountability for its actions, rescued by compliant officials.
Filed under: Uncategorized | Tags: DOT, energy, extrapolations, government estimates, peak oil, s, transportation, vehicle miles traveled
I have no idea. Just throwing that out there as a question.
I do know that quantifying the total amount of driving that has occurred on “all roads” by an entire population is necessarily a dark art, prone to wild extrapolations.
Currently not falling off a cliff, according to DOT.
Filed under: Uncategorized | Tags: April 2012, bicycling, cars, DOT, peak oil, transportation, urban cycling, USDOT, vehicle miles traveled, Vmt
The latest govt. numbers. April ’12 down a little over April ’11. 53 months and counting.
Filed under: Uncategorized | Tags: cars, DOT, dot gov, energy, FHWA, oil consumption, oil demand, Peak Demand, transportation, United States, vehicle miles traveled, Vmt
+ 1.8% Over Feb. 2011…
Moving 12-month total.
Filed under: Uncategorized | Tags: consumption, DOT, energy, vehicle miles traveled, Vmt
Holy mackerel, vehicle miles driven continues to drop. Now 47 months and counting below the previous peak.
Feds’ numbers: http://www.fhwa.dot.gov/ohim/tvtw/11octtvt/index.cfm
Filed under: Uncategorized | Tags: Complete Streets, DOT, energy policy, Ray LaHood, stimulus, TIGER, transportation policy
The “TIGER” program has nothing for Colorado, and very little in general for western states.
From the pdf …