Is anyone else Shocked by the HSBC ruling?
http://www.nytimes.com/2012/12/12/op...dict.html?_r=0
I find it shocking that a company that subverts the foreign policy of the most powerful country in the world by laundering money for Iran can only get fined 2 billion when they make 80 billion a year by telling the government they are too important to punish and the department of justice agreed with them.
it scares me because a democratic government for all its faults is at some level accountable to the people but a bank is only beholden to its shareholders and the public has no influence over it yet it got the American government to back down
if I was in charge I would of dismantled the bank and thrown all the top brass who were part of this on jail. While not at war with Iran openly there is open hostility with Iran and HSBC was helping them elude America's sanctions against them and I think that's treasonous
A message should of been sent that no entity is above the laws of the American government and they should of been punished harshly but because the opposite happened it has scared theout of me
I hope this is a topic that no matter your political leanings no matter how extreme we can agree on that no corporate entity should wield more power than a government no matter how you feel about the level of influence a government should have within society
Reply With Quote
Originally Posted by HissingNewt
