HSBC not indicted - because it's too big to fail

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BRUTALITOPS

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It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system.
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According to several law enforcement officials with knowledge of the inquiry, prosecutors found that, for years, HSBC had also moved tainted money from Mexican drug cartels and Saudi banks with ties to terrorist groups.
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http://www.nytimes.com/2012/12/12/opinion/hsbc-too-big-to-indict.html
 
they were fined 1.9 billion but they made like 38 billion in the last 2 years. So these people know that worst case scenario if they get caught doing shady shit they'll just end up losing 5% of their profit in a given year. ohhhh nooooes.
 
oh no big deal we are basically owned lets ignore this thread like it's not the most important thing ever
 
Grease said:
they were fined 1.9 billion but they made like 38 billion in the last 2 years. So these people know that worst case scenario if they get caught doing shady shit they'll just end up losing 5% of their profit in a given year. ohhhh nooooes.
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This is yet another thing that is viewed as highly partisan over here, when you consider the unbelievable crookedness and wickedness perpetrated by the likes of Goldman Sachs, J.P. Morgan, AIG, Lehman Brothers et al, it just beggars belief how little has changed. Why isn't that fucking cunt Lloyd Blankfein not serving time and indeed why is Goldman Sachs still in business? I am not saying that HSBC haven't been doing some dodgy stuff but it pales into insignificance compared to the shit that your financial institutions have rained down on the world. The bastard has bought another house in the Hamptons even though his other house has been on the market for five years.

http://www.dailymail.co.uk/news/art...-Blankfeins-32-5-million-Hamptons-estate.html
 
Grease said:
oh no big deal we are basically owned lets ignore this thread like it's not the most important thing ever
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Those who want us to kick Irans ass and fear them as a terrorist nation or threat to Israel should be all over a bank laundering money for Iran. Instead we seem to be getting yawns.
 
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Rune said:
I don't think so. Point out where I am wrong about the concerns of the founders with regards to corps.
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on that particular point, you are no more wrong than I am. where you are consistenly wrong is your notion that because I don't consider CU a nation destroying decision because it can be easily defeated through educating ourselves, it is 'supporting' the decision in your limited mind.
 
SmarterthanYou said:
on that particular point, you are no more wrong than I am. where you are consistenly wrong is your notion that because I don't consider CU a nation destroying decision because it can be easily defeated through educating ourselves, it is 'supporting' the decision in your limited mind.
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How do you think the founders would feel about CU? Happy or revulsed? I am going with revulsed.
 
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