4 ms·
Wow. Why are you just randomly making up your own pet theory when the question was actually answered and also had a catchy phrase to go with it? HSBC was "too b
by aestra 13y ago
Wow. Why are you just randomly making up your own pet theory when the question was actually answered and also had a catchy phrase to go with it? HSBC was "too big to jail"
http://www.cnn.com/2014/01/06/opinion/calabria-gilbert-too-big-to-jail/ http://www.cnn.com/2014/01/06/opinion/calabria-gilbert-too-b...
Holder responded by saying he was not talking about HSBC in particular but that, "I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy."
From Holder's statements, it appears that the government was so worried about the dangerous repercussions that could result from prosecuting such a large, complex and globally significant institution that it shielded HSBC from criminal liability.
- enraged_camel 13y agoThat's what he says publicly. The real reason is that he knows prosecuting HSBC's leaders -- a group of very well-connected billionaires -- would end his political career and greatly reduce the amount of future campaign donations financial institutions make to Democratic candidates.
- gnaritas 13y ago> The real reason is Oh, so you can speak for the real thoughts on Eric Holder's mind? Really? At the very least you should clarify that you're speculating wildly.