Black People : Big Bank Execs Escape Prosecution

Discussion in 'Black People Open Forum' started by Kemetstry, Dec 12, 2012.

  1. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    HSBC: Too big to jail?

    CNN Money·6 hours ago
    But almost as soon as the news broke Tuesday, critics repeated the questions familiar in cases involving big banks: Why wasn't HSBC indicted, and why aren't…


    The latest example came Tuesday with British global banking giant HSBC's agreement to pay a record $1.9 billion — about six weeks' worth of the bank's profits — to settle money-laundering charges with U.S. prosecutors. The deal ends a three-year probe into accusations of a widespread, multi-year string of illegal transactions violating sanctions against Iran and Latin American drug lords.
    Five years after a wave of risky mortgage bets cratered the banking system and sent the global economy into recession, the banking industry's players have paid or agreed to pay billions of dollars in fines and restitution. But not a single senior executive from the biggest banks has gone to jail.



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  2. dunwiddat

    dunwiddat Well-Known Member MEMBER

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    This is the kind of double standards that the western world has....drug pushers are jailed, men who fail to pay child support, and parents who molest children, BUT banks that do their wickedness get away scotch free..the whole system stinks... How do they think people are looking at the judicial system...All I can do is smh.
     
  3. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    If I launder a dope dealers cash, all I get is a fine? Crime pays for some





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  4. jamesfrmphilly

    jamesfrmphilly going above and beyond PREMIUM MEMBER

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    HSBC = to big to fail…..
     
  5. Kemetstry

    Kemetstry going above and beyond PREMIUM MEMBER

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    bot






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