Here we go again. This time laundering money for international criminals, drug barons selling to our kids on street corners, and known terrorist groups world-wide. But, on the upside, they've apologised so that's ok then eh?!
http://www.guardian.co.uk/business/2012/jul/17/hsbc-executive-resigns-senate
Once again it was a failure in the 'system' but "lessons have been learned" (where have I heard that before?) and "safeguards have been put in place so that this never happens again" - Yeah right!!
It is estimated that a staggering 47,000 people have lost their lives since 2006 to Mexican drug trafficking alone and all under the financial wing of Europe's largest bank - HSBC. To this end they have been complicit in a mass slaughter. But hey! - C'mon they've apologised so now a hefty fine and that's that. No worries really since they'll probably borrow that at a privileged interest rate via the Libor system where they'll also be complicit in fixing that rate illegally too. Good innit?
If I was caught money laundering or stealing a few quid to feed my family I would be imprisoned. They collude and conspire to (in effect) fund organisations that commit murder on a mass scale and an apology and a fine will do just nicely. The whole damned system is as sick as the people within it.
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