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(CNN)   Article titled "Too big to jail?" is surprisingly not about the cast of Honey Boo Boo   (money.cnn.com) divider line 104
    More: Asinine, HSBC, money launders, Arthur Andersen, deferred prosecution, criminal justice system  
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13014 clicks; posted to Main » on 13 Dec 2012 at 2:43 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-12-13 11:34:21 AM
I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.
 
2012-12-13 11:53:36 AM
Bullsh*t; start to finish. What lies can they tell to save their asses and investments?
 
2012-12-13 11:53:39 AM
Okay, that entire article aside, WTF is up with CNN Money's font choice?
 
2012-12-13 11:53:47 AM
...and nobody so much as blinks. if I'd pulled this shiat off and got caught, I'd be in a jail cell for a decade. these guys? meh. pay a fine, jack prices on their customers and fire a couple/few workers and life goes on.
 
2012-12-13 12:00:29 PM
"The HSBC of today is a fundamentally different organization from the one that made those mistakes," HSBC CEO Stuart Gulliver said in a statement Tuesday

And I've had almost complete cellular turn-over since committing that felony back in 2004, so we're good, right? Ia a slap on the wrist OK with everybody?
 
2012-12-13 12:03:05 PM

Rincewind53: Okay, that entire article aside, WTF is up with CNN Money's font choice?


It's not as bad as Forbes: Link
 
2012-12-13 12:18:14 PM

doyner: I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.


I heard it on NPR, too, and it made me furious. Must be nice to work by a different set of rules: "You've been laundering money for drug cartels and state sponsors of terrorism, and as such there is much blood on your hands. How about you give us 1/12 of your yearly profits and we'll tell the media it's a huge victory."

/sbumitter
 
2012-12-13 12:26:04 PM

BooBoo23: doyner: I heard the bit on NPR about this this morning. One of the key arguments against indictment was something about "b-b-b-but jobs!" Unbelievable. That canard is quite literally a get-out-of-jail-free card for these kinds of people.

I heard it on NPR, too, and it made me furious. Must be nice to work by a different set of rules: "You've been laundering money for drug cartels and state sponsors of terrorism, and as such there is much blood on your hands. How about you give us 1/12 of your yearly profits and we'll tell the media it's a huge victory."

/sbumitter


look, all we have to do is increase the TSA gate rape a bit more and that'll make up the difference, right? just wave the flag real hard and question the loyalty of anyone who asks too many questions.
 
2012-12-13 12:26:28 PM
"You see, I murdered her because I'm worried about coroners' prospects in this job market." Would that work?
 
2012-12-13 12:33:10 PM
FARK.com: where $1.9 billion is chump change.
 
2012-12-13 12:38:10 PM

Millennium: FARK.com: where $1.9 billion is chump change.


well - see, we have these things called 'laws'. And some of those laws say that money laundering for drug dealers and terrorists is bad. there isn't a 'rich banker' exception to those laws. it's pretty clear: money laundry for drug dealers, you go to jail.

then there's this story. everyone involved says yup, these bankers laundered money for drug dealers. the evidence is there, the Fed has a case and can prove it. the bankers sure seem convinced the evidence is strong. this SHOULD go to court and someone SHOULD go to jail...but we're letting these guys off the hook. why? somethingsomethingJOBS. And that's wrong. the law doesn't say there's a 'job creator' exception to the money laundering laws.
 
2012-12-13 12:41:03 PM

Millennium: FARK.com: where $1.9 billion is chump change.


Do you know the value of HSBC's holdings? Would a fine of roughly 0.07% of your net worth be chump change?
 
2012-12-13 12:41:42 PM

Weaver95: Millennium: FARK.com: where $1.9 billion is chump change.

well - see, we have these things called 'laws'. And some of those laws say that money laundering for drug dealers and terrorists is bad. there isn't a 'rich banker' exception to those laws. it's pretty clear: money laundry for drug dealers, you go to jail.

then there's this story. everyone involved says yup, these bankers laundered money for drug dealers. the evidence is there, the Fed has a case and can prove it. the bankers sure seem convinced the evidence is strong. this SHOULD go to court and someone SHOULD go to jail...but we're letting these guys off the hook. why? somethingsomethingJOBS. And that's wrong. the law doesn't say there's a 'job creator' exception to the money laundering laws.


It has nothing to do with goddamn jobs, this is all about cash and connections.
 
2012-12-13 12:48:22 PM

Millennium: FARK.com: where $1.9 billion is chump change.


They made almost $17 billion in profits in 2011. $1.9 billion in fines and less jail time that Lindsey Lohan is indeed chump change for breaking international law. You or I would go away somewhere dark for a long time.

The prosecutors had a chance to make an example. They did not. And that is bullshiat.
 
2012-12-13 01:20:17 PM
Do they not have an Internal Audit department?
 
2012-12-13 02:31:33 PM
"As bad as HSBC's conduct was, this is not a case where the HSBC people intended -- intended -- to create money laundering," he said. "They did not have the controls in place that they needed."



Total farking horseshiat. They knew. The Chinese are as corrupt as they get.
 
2012-12-13 02:45:15 PM
Honey Boo Boo is the child
 
2012-12-13 02:47:36 PM
Where's the Punisher when you need him?
 
2012-12-13 02:48:00 PM

gopher321: "As bad as HSBC's conduct was, this is not a case where the HSBC people intended -- intended -- to create money laundering," he said. "They did not have the controls in place that they needed."



Total farking horseshiat. They knew. The Chinese are as corrupt as they get.


Negligent homicide is still a felony. So even if they didn't intend to they're still seriously farking guilty. But likely complicit nonetheless....
 
2012-12-13 02:49:05 PM

Marcus Aurelius: "The HSBC of today is a fundamentally different organization from the one that made those mistakes," HSBC CEO Stuart Gulliver said in a statement Tuesday

And I've had almost complete cellular turn-over since committing that felony back in 2004, so we're good, right? Ia a slap on the wrist OK with everybody?


If it is fundamentally different because others are in charge, then go after those that were incharge at the time, but somebody needs to go to jail.

AbbeySomeone: It has nothing to do with goddamn jobs, this is all about cash and connections


This.
 
2012-12-13 02:49:25 PM
I've said it before, I'll say it again....

You know how you prevent situations like this from ever happening? LEGALIZE DRUGS!
 
2012-12-13 02:49:33 PM
 
2012-12-13 02:49:52 PM
And if it came down to somebody getting arrested, I'm sure they would have found one poor schmuck that they could prove was behind it all. If you're going to do dirty deals on that scale, it's good to have a scapegoat handy
 
2012-12-13 02:50:40 PM

robbiex0r: We can start by charging/indicting/incarcerating these people


And these
 
2012-12-13 02:51:14 PM
They only do what they are told. Completes the cycle. Do your homework.
 
2012-12-13 02:51:35 PM
It's nice to know a person can settle a criminal case.
 
2012-12-13 02:54:39 PM
Throw the people in jail whop are responsible and find others to take over their positions so innocent people don't get screwed over and lose their jobs. But then again, it's more about the fact that when you're wealthy and have these sorts of connections, you don't have consequences for any of your actions short of a) screwing over someone more wealthy and powerful than you or b) murdering someone in broad daylight in front of hundreds of witnesses.
 
2012-12-13 02:54:55 PM
Jailing them won't fix things. Hanging them will start us down the right path.
 
2012-12-13 02:56:30 PM
Public execution guillotine style.

/ On a side note it's also useful for the fatties on death row.
 
2012-12-13 03:00:06 PM
All of you biatch and moan a lot and then go back to your evening of drinking beer, eating ice cream, and playing with yourselves. I don't see any of YOU setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.
 
2012-12-13 03:00:24 PM
Nobody has asked who they were laundering money for.
Last time I checked, legitimate business doesn't need anything "Laundered".
So HSBC was complicit with criminal enterprise, and no arrests were made.
I wish I was too big to fail (AKA, PAYING OFF THE RIGHT PEOPLE)
 
2012-12-13 03:00:49 PM

Millennium: FARK.com: where $1.9 billion is chump change.


Look what I found in TFA: "though the $1.9 billion it will pay to the government is just a fraction of its $16.8 billion in profit last year"

A little over ten percent of PROFITS.

So rtfa, admit youre trolling, or gtfo.
 
2012-12-13 03:01:12 PM
This is why people target financial districts when they aim planes, plant bombs.
Just so you all know next time.
 
2012-12-13 03:02:00 PM

doyner: Millennium: FARK.com: where $1.9 billion is chump change.

Do you know the value of HSBC's holdings? Would a fine of roughly 0.07% of your net worth be chump change?


Businesses don't get large, or succeed for very long, by considering large sums of money to be chump change even if they're proportionally small, but if we're going to use them

BooBoo23: They made almost $17 billion in profits in 2011. $1.9 billion in fines and less jail time that Lindsey Lohan is indeed chump change for breaking international law.

A month's pay is chump change? You know how I know you don't run a business?

 
2012-12-13 03:03:36 PM
Blarg; careless editing. Let's try that again.

BooBoo23: They made almost $17 billion in profits in 2011. $1.9 billion in fines and less jail time that Lindsey Lohan is indeed chump change for breaking international law. You or I would go away somewhere dark for a long time.


A month's pay is chump change? I don't know of any successful business that wouldn't treat such a thing as disastrous.
 
2012-12-13 03:04:51 PM
Nothing can be done because everyone involved is bought and paid for (donations or future job promises) or an ex-ceo level goon from the thieving companies.

Public and private sector have wife-swapped so much there's little difference. It's an equal partnership to screw everyone else.
 
2012-12-13 03:07:44 PM

vudukungfu: This is why people target financial districts when they aim planes, plant bombs.
Just so you all know next time


Liar. We all know they do it because of our freedoms and such as.
 
2012-12-13 03:08:11 PM

Millennium: A month's pay is chump change? I don't know of any successful business that wouldn't treat such a thing as disastrous.


To get me out of a 10 year sentence for a felony? Yes, chump change.
 
2012-12-13 03:08:35 PM
One person is in charge ,right? Usually a CEO.

Crash his bank accounts, seize his assets. Make it very publicly known, ANYONE who tries to defy or
defraud the government will go from VERY rich to very poor at the drop of a hat

These people get paid a lot of money to be in charge, accepting blame is part of that.

Especially true for the military contractors that stole 3.3 billion.
 
2012-12-13 03:08:49 PM

you have pee hands: To get me out of a 10 year sentence for a felony? Yes, chump change.


Especially if, as in this case, it's someone else's money.
 
2012-12-13 03:09:00 PM

Jaws_Victim: All of you biatch and moan a lot and then go back to your evening of drinking beer, eating ice cream, and playing with yourselves. I don't see any of YOU setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.


They're on holidays. Christmas, Hannukah, Kwanzaa, Dongzhi, Western Australian Proclamation Day and Festivus has totally cleared out my cabal of social justice assassins.
 
2012-12-13 03:09:37 PM
I thought companies are people too. Just restrict the company from any business for a number of years. The people still go to work and get paid but they can't have any business interaction. And every once in a while, Haliiburton shives them in the a$$ just to maintain dominance.
 
2012-12-13 03:12:13 PM

Shostie: Rincewind53: Okay, that entire article aside, WTF is up with CNN Money's font choice?

It's not as bad as Forbes: Link


CNN appears to be using the Lato font: http://www.google.com/webfonts/specimen/Lato

I'm surprised Forbes switched away from 18-point Times New Roman. That was working so well for them.
 
2012-12-13 03:12:38 PM
Can we trump bbbbut jobs with thiiiiiiiiink of the children?

My basic understanding of the way the legal system works is that if you knowingly engage in crime that enables other crimes to take place, you are an accessory to all of them. Deliberately laundering money that was used for.... paid killings? bribes? extortion? weapons? They should be getting hit with a whole laundry list of crimes. Unlike those stupid commercials that imply buying a bag of weed will cause a Mexican widow to get shot, these guys really ARE directly responsible for enable a ton of terrible crimes.
 
2012-12-13 03:17:47 PM

Jaws_Victim: All of you biatch and moan a lot and then go back to your evening of drinking beer, eating ice cream, and playing with yourselves. I don't see any of YOU setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.


Rule #1: You do not talk about setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.
 
2012-12-13 03:19:07 PM
I was hoping to see a picture of an extremely obese 1 ton pound guy/girl who can't fit in jail.
 
2012-12-13 03:19:39 PM
But occupy wall street is a bunch of dirty hippies?
They are politely standing around pointing out the emperor has no clothes and we laugh at them?

If they called for their heads in the streets would that be better?
Write your congress persons and demand they pay with the blood sweat and tears same as any other brother from the hood.
Publish the congress critter's replies.
Either they are paid off or not.
Let's see who plays.
 
2012-12-13 03:22:12 PM

Marcus Aurelius: "The HSBC of today is a fundamentally different organization from the one that made those mistakes," HSBC CEO Stuart Gulliver said in a statement Tuesday

And I've had almost complete cellular turn-over since committing that felony back in 2004, so we're good, right? Ia a slap on the wrist OK with everybody?


2004? Nope, sorry, you have two more years on your sentence.
 
2012-12-13 03:24:36 PM

mutterfark: Jaws_Victim: All of you biatch and moan a lot and then go back to your evening of drinking beer, eating ice cream, and playing with yourselves. I don't see any of YOU setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.

Rule #1: You do not talk about setting up a shadow organization devoted entirely to assassinating the people who get away with this shiat.


Rule #2: If you have enough money and live in a plutocracy, it doesn't need to be a shadow organization; You can get away with murder.

/USA! USA!
 
2012-12-13 03:24:50 PM
buelahman.files.wordpress.com
I think an image such as this should be in every thread. Every. Thread.
 
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