3 ms·
It seems a lot of comments are pointing to HSBC while the bigger whale JP Morgan which moved $1bn is not mentioned in comments. HSBC is involved with $80 millio
by dragonsh 6y ago
It seems a lot of comments are pointing to HSBC while the bigger whale JP Morgan which moved $1bn is not mentioned in comments. HSBC is involved with $80 million fraud compared to JP Morgan which is involved over $1 billion fraud. Take Goldman Sachs paying billions in fine to Malayaisan government and still many investors in 1MDB still lost.
So probably people can take solace that person who defrauded $80 million is arrested and punished in China. But the person in JP Morgan and Goldman Sachs still at large and both the banks are doing very fine without fines by USA government.
- deleted 6y ago[deleted]
- intricatedetail 6y agoToo big to fail (tm)