T Nation

HSBC Lauders Drug Money

http://therealnews.com/t2/component/hwdvideoshare/?task=viewvideo&video_id=75209

What is this supposed to mean? Bankers are greedy. Whoudathunkit?

It goes beyond greed. HSBC laundered money for TERRORISTS. Iranian companies, Iraqi companies, several Mexican drug cartels… They helped our ENEMIES… And all they get is a fine of only the equivalent of one or two months profit (of shareholder money, not their OWN money) and not a single executive, board member or branch manager gets punished - not even fired…

The double standard between wall street and the common people is fucking disgusting.

They are a BRITISH company operating in OUR territory. For that privilege, they have to play by OUR rules. They didn’t. The last British company that fucked us was BP. After they were found guilty and fined, at least they were forbidden to lease any more federal territory to drill on (for an undetermined amount of time). At least that’s SOMETHING tangible that let’s other oil companies know they can’t fuck around and that if they break the law they’ll have a consequence.

The only thing this settlement did was give a crystal clear message to other banks deemed “too big to fail”: do whatever you want, even compromise our national security, we don’t have the balls to stand up to you.

It truly confirms that which the cynical among us already know, that MONEY is more powerful than JUSTICE.

[quote]angry chicken wrote:
It goes beyond greed. HSBC laundered money for TERRORISTS. Iranian companies, Iraqi companies, several Mexican drug cartels… They helped our ENEMIES… And all they get is a fine of only the equivalent of one or two months profit (of shareholder money, not their OWN money) and not a single executive, board member or branch manager gets punished - not even fired…

The double standard between wall street and the common people is fucking disgusting.

They are a BRITISH company operating in OUR territory. For that privilege, they have to play by OUR rules. They didn’t. The last British company that fucked us was BP. After they were found guilty and fined, at least they were forbidden to lease any more federal territory to drill on (for an undetermined amount of time). At least that’s SOMETHING tangible that let’s other oil companies know they can’t fuck around and that if they break the law they’ll have a consequence.

The only thing this settlement did was give a crystal clear message to other banks deemed “too big to fail”: do whatever you want, even compromise our national security, we don’t have the balls to stand up to you.

It truly confirms that which the cynical among us already know, that MONEY is more powerful than JUSTICE.[/quote]

Ditto

[quote]Tiribulus wrote:
What is this supposed to mean? Bankers are greedy. Whoudathunkit?[/quote]
That is all you got from the journalistic piece?

[quote]Tiribulus wrote:
What is this supposed to mean? Bankers are greedy. Whoudathunkit?[/quote]
That is all you got from the journalistic piece?

[quote]angry chicken wrote:
It goes beyond greed. HSBC laundered money for TERRORISTS. Iranian companies, Iraqi companies, several Mexican drug cartels… They helped our ENEMIES… And all they get is a fine of only the equivalent of one or two months profit (of shareholder money, not their OWN money) and not a single executive, board member or branch manager gets punished - not even fired…

It truly confirms that which the cynical among us already know, that MONEY is more powerful than JUSTICE.[/quote]

We get as much justice as one can afford!

http://www.guardian.co.uk/business/2012/dec/14/hsbc-money-laundering-fine-management?INTCMP=SRCH

This is exactly why the united states is going down the toilet. Conservatives, and by extension the Republican party, used to give a damn about justice. Now all they care about is jobs and the economy. They are democrat-lite.

Individuals were getting locked up for years in gitmo for aiding terrorists. Yet a company aids terrorists and they get a slap on the wrist. Fuck that. Fuck everything about it.

All HSBC assets under American influence should have been siezed and it should be illegal to do business with them. As well as jailing all individuals involved.

Republicans should be pushing this issue. Without justice why would anyone want less regulations and a smaller government?

[quote]phaethon wrote:
This is exactly why the united states is going down the toilet. Conservatives, and by extension the Republican party, used to give a damn about justice. Now all they care about is jobs and the economy. They are democrat-lite.

Individuals were getting locked up for years in gitmo for aiding terrorists. Yet a company aids terrorists and they get a slap on the wrist. Fuck that. Fuck everything about it.

All HSBC assets under American influence should have been siezed and it should be illegal to do business with them. As well as jailing all individuals involved.

Republicans should be pushing this issue. Without justice why would anyone want less regulations and a smaller government?[/quote]

I would argue there is scant evidence that republicans care about jobs and the economy unless it revolves around those who own the republican party.

[quote]phaethon wrote:
Conservatives[/quote]

No. A rare conservative is a mercantilist.