Hmmm, now why would such an honorable man like @comey take a 97% pay cut to work for a bank that just pled guilty to money laundering for a Mexican drug cartel?

https://www.chicksonright.com/youngconservatives/2019/02/13/james-comey-worked-for-el-chapos-bank/

Left out of El Chapo’s trial was the cartel’s financial connections to key law enforcement players inside the Obama administration.

In 2012, the Justice Department accused the El Chapo-led Sinaloa Cartel of moving over $7 billion through HSBC bank locations inside Mexico. The bank’s Mexican locations allowed huge cash deposits (sometimes hundreds of thousands of dollars in a single transaction), which were then accessible to the cartel at HSBC bank locations inside the United States.

Despite playing a key role in establishing the cartels inside the US, the DOJ gave HSBC a slap on the wrist–a deferred prosecution agreement–under which the bank would not be prosecuted for laundering billions of dollars in cash for the Sinaloa Cartel, as long as the bank rehabilitated its practices and stayed out of trouble for five years.

Overruling career prosecutors– who wanted to prosecute the bank–US Attorney Loretta Lynch and Attorney General Eric Holder let the bank off the hook with a $1.9 billion “record fine,” which made up a small fraction of one year’s profits.

A month after the deferred prosecution agreement was finalized, future FBI Director James Comey took a 97% pay cut from his job as general counsel at Bridgewater Associates hedge fund to join Britain-based HSBC as director of the money laundering vulnerabilities sector. The move reduced his jaw-dropping income from $6,632,616 per year to under $200,000, per financial disclosures.

With former Deputy Attorney General Comey at the helm of the troubled bank’s money laundering compliance efforts, HSBC could reassure its investors that the troubles in 2012 were over. However, Comey apparently missed the Russian money laundering that was taking place while he oversaw the vulnerabilities sector.

Less than six months after Comey took the HSBC job, President Obama nominated him to replace Robert Mueller as FBI Director. In 2014, Obama nominated Loretta Lynch to replace Eric Holder as Attorney General.