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How do you explain the complete lack of any consequences to HSBC, then?
by ab5tract 12y ago
How do you explain the complete lack of any consequences to HSBC, then?
- kalleboo 12y agoIsn't that because the HSBC stuff happened in Europe and not the US? Or have I mixed up cases.
- ab5tract 12y agoI guess I can't say that there were no consequences, since they were able to pay $2 billion to walk away scot free: http://www.rollingstone.com/politics/news/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213 http://www.rollingstone.com/politics/news/outrageous-hsbc-se... According to this analysis, that amounts to about 5 weeks of HSBC's income, to say nothing of total reserves/worth: http://www.thefiscaltimes.com/Columns/2012/12/13/Too-Big-to-Jail-HSBCs-Fine-Didnt-Fit-the-Crime http://www.thefiscaltimes.com/Columns/2012/12/13/Too-Big-to-... As far as I understand it, the new revelations coming out about HSBC are indeed more Europe-oriented, but are not limited to Europe in scope.
- icebraining 12y agothey were able to pay $2 billion to walk away scot free Is it only me, or does that phrase make no sense?