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HSBC did not make trillions from those transactions and they were fined $1.9bn in 2012.

• Scoundreller 9y ago
  Did you ask any families with a family member killed by a cartel if a fine seemed reasonable?
  • CyberDildonics 9y ago
    Why would you respond like this to someone putting forward plain facts.
    • Scoundreller 9y ago
      Because it was in response to a post about how low the fines were: "i mean look at HSBC - laundered trillions of dollars of mega-organized-crime money. for a decade. 400m dollar fine probably isnt even .01% of what they made off that endeavor" $1.9b may sound like a lot, but there's a lot of blood attached to it.
      • fauigerzigerk 9y ago
        Perhaps you should start reading this thread once more, starting with untog's daycare story. Then you might see why the financial facts are important. It's not because any specific fine can ever be adequate compensation for all the suffering caused by the cartels. It's because you want the fine to be large enough to actually deter bad behavior in the future. In this particular case I believe the fine (perhaps in combination with the threat of other regulatory action) has changed HSBC's behavior as there are many stories about erroneously frozen HSBC business accounts. I just wonder if any number of deaths will ever change the behavior of the politicians who designed the disastrous war on drugs policies that have so utterly failed. I fear that won't happen as long as voters don't care about facts.