4 ms·
Edit: Thanks for the corrections. I definitely messed up the magnitudes here. Was doing some other calculation on another topic and somehow I mixed them both. S
by saganus 9y ago
Edit: Thanks for the corrections. I definitely messed up the magnitudes here. Was doing some other calculation on another topic and somehow I mixed them both. Sorry about that. Please disregard this comment as it it way off :(
While "trillions" is definitely inflated and hyperbole, I don't think it's THAT far off.
According to this The Guardian article [0] "At least $881m in drug trafficking money was laundered throughout the bank's accounts."
So 0.88 Tn. Definitely not "trillions" but definitely much more than I would've expected if they said "billions laundered".
Also, it says "at least", which I take it to say that the investigation was not complete so a final number couldn't be calculated and only a "lower" cap is given. Potentially it could still be "trillions" as in e.g. "1.3 trillions" (if that final figure is ever calculated or even published of course). So inflated, yes. Hilarious... not so sure.
[0] https://www.theguardian.com/business/2012/dec/11/hsbc-bank-us-money-laundering https://www.theguardian.com/business/2012/dec/11/hsbc-bank-u...
- kelnos 9y ago> So 0.88 Tn. You mean 0.00088 Tn.
- colejohnson66 9y agoWell, it’s 0.88 percent of a trillion...
- StavrosK 9y ago0.088.
- deleted 9y ago[deleted]
- gleenn 9y agoIsn't that 0.881 billion? They're still off by 3 orders of magnitude
- adamiscool8 9y agoParent might be conflating the amount actually found to be laundered with HSBC's failure to monitor over $200 trillion [1] in suspicious transactions. [1] https://www.theglobeandmail.com/incoming/article6209613.ece/BINARY/HSBC.pdf https://www.theglobeandmail.com/incoming/article6209613.ece/...
- deleted 9y ago[deleted]