Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
User Settings
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Report this Comment
Use this form to report the selected comment to the moderators. Reporting should generally be used only if the comment breaks forum rules.

13. Re: Now you see that evil will always triumph.. because good is dumb Jan 6, 2013, 01:57 Dades
Orphic Resonance wrote on Jan 5, 2013, 22:23:
Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system.

It doesn't take a genius to see that the reasoning here is beyond flawed. When you decide not to prosecute bankers for billion-dollar crimes connected to drug-dealing and terrorism (some of HSBC's Saudi and Bangladeshi clients had terrorist ties, according to a Senate investigation), it doesn't protect the banking system, it does exactly the opposite. It terrifies investors and depositors everywhere, leaving them with the clear impression that even the most "reputable" banks may in fact be captured institutions whose senior executives are in the employ of (this can't be repeated often enough) murderers and terrorists. Even more shocking, the Justice Department's response to learning about all of this was to do exactly the same thing that the HSBC executives did in the first place to get themselves in trouble they took money to look the other way.

Bankers always pull that shit. Look at the big bailout in 2008. These are the guys who are all rahrah capitalism survival of the fittest when its someone else but as soon as they're in trouble they're sucking hard on the government teats and begging for more relief. They sold the politicians on the lie that the world would collapse without them. The politicians are afraid of losing power, have a lot invested (HEH HEH) with the banking industry and just go along with it. No one is jailed, banks are up to the same old shit days later. They had the nerve to give themselves fucking bonuses and the government just said hey guys please dont do that instead of yanking back every penny.

It doesn't surprise me in the slightest that they let a bank get away with financing the cartels. The punishment never fits the crime when you're a rich white guy.

- DADES - This is a signature of my name, enjoy!
Avatar 54452
Login Email   Password Remember Me
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.


Blue's News logo