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 Post subject: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:35 pm 
International Chairman
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Location: Leigh, where else?
It really is time to get out the pitchforks!

Quote:It is a dark day for the rule of law. 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.


http://www.nytimes.com/2012/12/12/opini ... .html?_r=0

So if your crime is so huge it can endanger the financial system you get away with it scot free! Why the hell are we tolerating this outrage?
It really is time to get out the pitchforks!

Quote:It is a dark day for the rule of law. 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.


http://www.nytimes.com/2012/12/12/opini ... .html?_r=0

So if your crime is so huge it can endanger the financial system you get away with it scot free! Why the hell are we tolerating this outrage?






"If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln

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 Post subject: Re: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:39 pm 
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Joined: Dec 22 2001
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Have you been away? That's old news.

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 Post subject: Re: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:41 pm 
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Dally wrote:Have you been away? That's old news.


And your opinion on it is?






"If the American people knew tonight, exactly how the monetary and banking system worked, there would be a revolution before tomorrow morning."
-Abraham Lincoln

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 Post subject: Re: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:42 pm 
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LeighGionaire wrote:And your opinion on it is?


It's immoral pragmatism.

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 Post subject: Re: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:46 pm 
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Location: Zummerzet, where the zoider apples grow
Iceland jailed their delinquent bankers and their economy is on the up






The older I get, the better I was

Advice is what we seek when we already know the answer - but wish we didn't

I'd rather have a full bottle in front of me than a full-frontal lobotomy
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 Post subject: Re: To Big To Fail, Too Big To Jail!
PostPosted: Tue Dec 18, 2012 10:48 pm 
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I think the article is misleading. As I understand it the US was more concerned with possible job losses in the US than the collapse of the fincial system.

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