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Actually I want large banks investigated and prosecuted the way small banks are. Which isn't the case. HSBC laundered billions for terrorists and human traffick
by cathyreisenwitz 6y ago
Actually I want large banks investigated and prosecuted the way small banks are. Which isn't the case. HSBC laundered billions for terrorists and human traffickers with zero DOJ involovment despite whistleblowers tipping them off. But Charlie Shrem didn't report his bitcoin sale and went to prison. If you think these laws make banking fairer I've got a bridge to sell you.
- colechristensen 6y agohttps://www.corp-research.org/HSBC https://www.corp-research.org/HSBC Here are billions in fines for HSBC. You can say financial regulators aren’t doing enough, but you can’t say they’re doing nothing. Where did I say anything about fairness? There is a problem where prosecutors are rated by success and they only take slam dunk cases. That problem really has nothing to do with the laws themselves,
- standardUser 6y ago"That problem really has nothing to do with the laws themselves" The fact that vast swaths of victimless, consensual activity is criminalized is exactly the problem. When enough laws exist to make enforcement an impossibility, selective enforcement becomes the law.
- colechristensen 6y agoWhat exactly are the victimless consentual activities that money laundering laws punish?
- standardUser 6y agoProduction and distribution of illicit drugs.