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  • I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.
  • Bullsh*t; start to finish. What lies can they tell to save their asses and investments?
  • Okay, that entire article aside, WTF is up with CNN Money's font choice?
  • ...and nobody so much as blinks. if I'd pulled this shiat off and got caught, I'd be in a jail cell for a decade. these guys? meh. pay a fine, jack prices on their customers and fire a couple/few workers and life goes on.
  • "The HSBC of today is a fundamentally different organization from the one that made those mistakes," HSBC CEO Stuart Gulliver said in a statement Tuesday

    And I've had almost complete cellular turn-over since committing that felony back in 2004, so we're good, right? Ia a slap on the wrist OK with everybody?
  • Rincewind53: Okay, that entire article aside, WTF is up with CNN Money's font choice?


    It's not as bad as Forbes: Link
  • doyner: I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.


    I heard it on NPR, too, and it made me furious. Must be nice to work by a different set of rules: "You've been laundering money for drug cartels and state sponsors of terrorism, and as such there is much blood on your hands. How about you give us 1/12 of your yearly profits and we'll tell the media it's a huge victory."

    /sbumitter
  • BooBoo23: doyner: I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.

    I heard it on NPR, too, and it made me furious. Must be nice to work by a different set of rules: "You've been laundering money for drug cartels and state sponsors of terrorism, and as such there is much blood on your hands. How about you give us 1/12 of your yearly profits and we'll tell the media it's a huge victory."

    /sbumitter


    look, all we have to do is increase the TSA gate rape a bit more and that'll make up the difference, right? just wave the flag real hard and question the loyalty of anyone who asks too many questions.
  • "You see, I murdered her because I'm worried about coroners' prospects in this job market." Would that work?
  • FARK.com: where $1.9 billion is chump change.
  • Millennium: FARK.com: where $1.9 billion is chump change.


    well - see, we have these things called 'laws'. And some of those laws say that money laundering for drug dealers and terrorists is bad. there isn't a 'rich banker' exception to those laws. it's pretty clear: money laundry for drug dealers, you go to jail.

    then there's this story. everyone involved says yup, these bankers laundered money for drug dealers. the evidence is there, the Fed has a case and can prove it. the bankers sure seem convinced the evidence is strong. this SHOULD go to court and someone SHOULD go to jail...but we're letting these guys off the hook. why? somethingsomethingJOBS. And that's wrong. the law doesn't say there's a 'job creator' exception to the money laundering laws.
  • Millennium: FARK.com: where $1.9 billion is chump change.


    Do you know the value of HSBC's holdings? Would a fine of roughly 0.07% of your net worth be chump change?
  • Weaver95: Millennium: FARK.com: where $1.9 billion is chump change.

    well - see, we have these things called 'laws'. And some of those laws say that money laundering for drug dealers and terrorists is bad. there isn't a 'rich banker' exception to those laws. it's pretty clear: money laundry for drug dealers, you go to jail.

    then there's this story. everyone involved says yup, these bankers laundered money for drug dealers. the evidence is there, the Fed has a case and can prove it. the bankers sure seem convinced the evidence is strong. this SHOULD go to court and someone SHOULD go to jail...but we're letting these guys off the hook. why? somethingsomethingJOBS. And that's wrong. the law doesn't say there's a 'job creator' exception to the money laundering laws.


    It has nothing to do with goddamn jobs, this is all about cash and connections.
  • Millennium: FARK.com: where $1.9 billion is chump change.


    They made almost $17 billion in profits in 2011. $1.9 billion in fines and less jail time that Lindsey Lohan is indeed chump change for breaking international law. You or I would go away somewhere dark for a long time.

    The prosecutors had a chance to make an example. They did not. And that is bullshiat.
  • Do they not have an Internal Audit department?
  • "As bad as HSBC's conduct was, this is not a case where the HSBC people intended -- intended -- to create money laundering," he said. "They did not have the controls in place that they needed."



    Total farking horseshiat. They knew. The Chinese are as corrupt as they get.
  • Where's the Punisher when you need him?
  • gopher321: "As bad as HSBC's conduct was, this is not a case where the HSBC people intended -- intended -- to create money laundering," he said. "They did not have the controls in place that they needed."

    Total farking horseshiat. They knew. The Chinese are as corrupt as they get.


    Negligent homicide is still a felony. So even if they didn't intend to they're still seriously farking guilty. But likely complicit nonetheless....
  • Marcus Aurelius: "The HSBC of today is a fundamentally different organization from the one that made those mistakes," HSBC CEO Stuart Gulliver said in a statement Tuesday

    And I've had almost complete cellular turn-over since committing that felony back in 2004, so we're good, right? Ia a slap on the wrist OK with everybody?


    If it is fundamentally different because others are in charge, then go after those that were incharge at the time, but somebody needs to go to jail.

    AbbeySomeone: It has nothing to do with goddamn jobs, this is all about cash and connections


    This.
  • I've said it before, I'll say it again....

    You know how you prevent situations like this from ever happening? LEGALIZE DRUGS!
  • And if it came down to somebody getting arrested, I'm sure they would have found one poor schmuck that they could prove was behind it all. If you're going to do dirty deals on that scale, it's good to have a scapegoat handy
  • robbiex0r: We can start by charging/indicting/incarcerating these people


    And these
  • They only do what they are told. Completes the cycle. Do your homework.
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