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Message started by The_Barnacle on May 16th, 2018 at 10:28pm

Title: Too big to prosecute
Post by The_Barnacle on May 16th, 2018 at 10:28pm
HSBC is one of the world’s largest and most powerful financial institutions with offices on five continents, including in Australia.   It likes to spruik its financial might and global reach.   Behind the corporate gloss, it has a far less attractive reputation.   The bank has been at the centre of several of the biggest financial scandals uncovered this century.

“Affiliates of drug cartels were literally walking into bank branches with hundreds of thousands, sometimes millions of US cash… that didn’t happen once, it didn’t happen twice, it happened systematically over the course of about a decade.”   Former US Deputy Federal Prosecutor

HSBC, or the Hong Kong & Shanghai banking Corporation has been implicated in a raft of illegal activities, from money laundering for the mafia, to enabling tax evasion and currency manipulation.

“How many billions of dollars do you have to launder for drug lords before somebody says, ‘We’re shutting you down’”?  US Senator

http://www.abc.net.au/4corners/banksters/9747234

During the GFC we discovered that some corporations were "too big to fail". Now we are discovering that some corporations are "too big to prosecute".

Given that Australian governments seem to be at the mercy of their corporate donors are we seeing the beginning of a Corporatocracy?

Title: Re: Too big to prosecute
Post by Valkie on May 17th, 2018 at 6:11am
It has already happened

Do you honestly think this banking royal commission will change anything?

The pollies will suffer from a severe lack of bribes as a result, so much so that they will never dare to do this again.

Oh Yeah, a few individuals will fall on their swords, but the insidious big time bank owners won't even be called.
This banking royal commission is nothing but a farce.
Look at the fines so far
They will make up that money in a few months of profits.

No my friend, the grubberment does not control our country.

We are seeing the death throes of democracy and freedom.

Title: Re: Too big to prosecute
Post by Captain Caveman on May 17th, 2018 at 7:35am

Valkie wrote on May 17th, 2018 at 6:11am:
It has already happened

Do you honestly think this banking royal commission will change anything?

The pollies will suffer from a severe lack of bribes as a result, so much so that they will never dare to do this again.

Oh Yeah, a few individuals will fall on their swords, but the insidious big time bank owners won't even be called.
This banking royal commission is nothing but a farce.
Look at the fines so far
They will make up that money in a few months of profits.

No my friend, the grubberment does not control our country.

We are seeing the death throes of democracy and freedom.



Certainly is.

The script is already written. This rc is just the illusion to keep the dummies happy.

Title: Re: Too big to prosecute
Post by .JaSin. on May 17th, 2018 at 10:38am
The Common 'Wealth'
to be spread out amongst the Common People.

Avg Australian wage: $80,000 a year.
Kinda pretty high for any nation on this planet.
So much for being 'poor Aussie downtrodden Convicts'.  ::)

Mind you, as rich as Australia is - most Aussies are Gay or 'Old'. No children here in Australia unless you're a Houso.

Title: Re: Too big to prosecute
Post by The_Barnacle on May 17th, 2018 at 12:11pm

Valkie wrote on May 17th, 2018 at 6:11am:
Look at the fines so far
They will make up that money in a few months of profits.


HSBC got a $2 billion fine for money laundering for the drug cartels in 2012. It was the biggest fine in corporate history but represented just one month of profits (paid for by the shareholders)

No bankers went to jail

Title: Re: Too big to prosecute
Post by freediver on May 17th, 2018 at 12:42pm

Quote:
Do you honestly think this banking royal commission will change anything?


They have already changed the way financial advisers do business - far more transparent today. This is a good thing.

Title: Re: Too big to prosecute
Post by Ye Grappler on May 17th, 2018 at 12:53pm

The_Barnacle wrote on May 17th, 2018 at 12:11pm:

Valkie wrote on May 17th, 2018 at 6:11am:
Look at the fines so far
They will make up that money in a few months of profits.


HSBC got a $2 billion fine for money laundering for the drug cartels in 2012. It was the biggest fine in corporate history but represented just one month of profits (paid for by the shareholders)

No bankers went to jail


RICO 'em all.... and RICO 'em high.....

Title: Re: Too big to prosecute
Post by Ye Grappler on May 17th, 2018 at 12:54pm

freediver wrote on May 17th, 2018 at 12:42pm:

Quote:
Do you honestly think this banking royal commission will change anything?


They have already changed the way financial advisers do business - far more transparent today. This is a good thing.


But what about the banks?  Are they to be placed under stringent regulations so they can't loan shark and rob clients and such with fees?

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