4 ms·
So where are the consequences?
by read_if_gay_ 5y ago
So where are the consequences?
- rad_gruchalski 5y agoWhat do you expect? That I google this for you? Here’s an example: https://www.investopedia.com/stock-analysis/2013/investing-news-for-jan-29-hsbcs-money-laundering-scandal-hbc-scbff-ing-cs-rbs0129.aspx https://www.investopedia.com/stock-analysis/2013/investing-n... It’s all public knowledge and pretty easy to find.
- read_if_gay_ 5y ago> Given the bank's size, it appears that it and some of its peers are too big to jail because they are too big to fail. Instead they got fined for less than 0.1% of their total holdings. The system doesn’t work. This is not a consequence.
- krageon 5y agoThere are no consequences that matter, because the system itself is the problem.