Joined: Feb 20 2002 Posts: 1437 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.
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.
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
Post subject: Re: To Big To Fail, Too Big To Jail!
Posted: Tue Dec 18, 2012 10:41 pm
LeighGionaire
International Chairman
Joined: Feb 20 2002 Posts: 1437 Location: Leigh, where else?
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
Post subject: Re: To Big To Fail, Too Big To Jail!
Posted: Tue Dec 18, 2012 10:46 pm
cod'ead
International Chairman
Joined: May 25 2002 Posts: 37704 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 ------------------------------------------------------------------------------------------------------------ kirkstaller wrote: "All DNA shows is that we have a common creator."
cod'ead wrote: "I have just snotted weissbier all over my keyboard & screen"
------------------------------------------------------------------------------------------------------------ "No amount of cajolery, and no attempts at ethical or social seduction, can eradicate from my heart a deep burning hatred for the Tory Party. So far as I am concerned they are lower than vermin." - Aneurin Bevan
Post subject: Re: To Big To Fail, Too Big To Jail!
Posted: Tue Dec 18, 2012 10:48 pm
Dally
International Chairman
Joined: Dec 22 2001 Posts: 14845
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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