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Look what gubbamint employees did. (Read 72 times)

srinath

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Look what gubbamint employees did.
12/11/12 at 05:58:22

http://www.reuters.com/article/2012/12/11/us-hsbc-probe-idUSBRE8BA05M20121211

Yes, money laundering ... oh yea, needs to be done, and we need to "unchain" them ?

Here is a little tidbit.

HSBC has agreed to pay a record $1.92 billion fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the laundering of criminal cash.

HSBC Holdings Plc admitted to a breakdown of controls and apologized in a statement on Tuesday announcing it had reached a deferred-prosecution agreement with the U.S. Department of Justice, as first reported by Reuters last week.

Cool.
Srinath.

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Pine

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Re: Look what gubbamint employees did.
Reply #1 - 12/11/12 at 15:01:29

So leets see if I get this right...

Bank basically has been thumbing its nose at money-laundering laws.. and getting super rich doing so... something its been caught doing twice before. So as "punishment" they get a fine that is sooooo small that their stock GOES UP. The banksters are given the deal that no criminal charges will be pursued.

So the fines are just the cost of doing business.

Makes me wonder though....so if money laundering were thrown in with "the war on drugs"; would they place a mandatory sentence on there? And if they did, one would wonder what the race make-up might be. Could this be THE way to balance out the racial make-up in the US prisions?

Yup thats how i would do it.

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360k+ Serious Thumper Offline Savage heart of darkness Posts: 680 Cartersville, GA Gender:	Re: Look what gubbamint employees did. Reply #2 - 12/11/12 at 19:25:35 Yep, the problem is, when the power pyramid is built on mutual collusion, you can slap a hand, but only using one finger.
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srinath

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Re: Look what gubbamint employees did.
Reply #3 - 12/11/12 at 19:32:21

We should have put the consumer protection agency in place and given it the power we would give the local cops when they see someone selling drugs on the street. It is no different IMHO.

Well, we wanted to, but the repugs did not.

Every day that Angelo Mozilo walks free is a day that law abiding, tax paying citizens are in jail.

Cool.
Srinath.

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justin_o_guy2 Serious Thumper Offline What happened? Posts: 55279 East Texas, 1/2 dallas/la.	Re: Look what gubbamint employees did. Reply #4 - 12/12/12 at 07:12:35 Considering the violent nature of the drug cartels I would be tempted to call helping them "Providing material support to a terrorist organization".
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Paraquat Serious Thumper Offline SuzukiSavage.com Rocks! Posts: 2206	Re: Look what gubbamint employees did. Reply #5 - 12/12/12 at 09:09:45 If you could link the money laundering to drug cartels (I'm sure there's a degree of connection there somewhere) why couldn't you use Rico laws to seize assets? That would probably tip the scales a little. --Steve
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srinath Serious Thumper Offline I love YaBB 1G - SP1! Posts: 5349	Re: Look what gubbamint employees did. Reply #6 - 12/13/12 at 07:27:29 You need to enforce and then prove both of these ... tha ttakes an agency with some balls and funding. Are the repugs prepared to grant both of those to someone who also has the brains to lead such an outfit ? Well they weren't, and ergo, the Brown has been flushed out of office in just 2 years. Cool. Srinath.
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srinath

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Re: Look what gubbamint employees did.
Reply #7 - 12/14/12 at 06:19:54

And they are squeezing another billion out of UBS, whoo hoo ... and before anyone jumps on their side as to how they are "Job creators" and they shouldn't be taxed, let me remind you, they have helped several million americans, including RMoney dodge taxes for years and years on american generated income.

Love it when a 100K employee finds a billion in a tax filing hidden in plain sight @ a big corporation.

Cool.
Srinath.

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