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Too big to prosecute (Read 231 times)
The_Barnacle
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Too big to prosecute
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?
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The Right Wing only believe in free speech when they agree with what is being said.
 
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Valkie
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Re: Too big to prosecute
Reply #1 - 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.
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I HAVE A DREAM
A WONDERFUL, PEACEFUL, BEAUTIFUL DREAM.
A DREAM OF A WORLD THAT HAS NEVER KNOWN ISLAM
A DREAM OF A WORLD FREE FROM THE HORRORS OF ISLAM.

SUCH A WONDERFUL DREAM
O HOW I WISH IT WERE TRU
 
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Captain Caveman
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Re: Too big to prosecute
Reply #2 - 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.
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.JaSin.
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Re: Too big to prosecute
Reply #3 - 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'.  Roll Eyes

Mind you, as rich as Australia is - most Aussies are Gay or 'Old'. No children here in Australia unless you're a Houso.
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HERE, DRINK TO MY HEALTH & URINE)
 
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The_Barnacle
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Re: Too big to prosecute
Reply #4 - 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
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freediver
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Re: Too big to prosecute
Reply #5 - 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.
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It's God's job to forgive terrorists; it's our job to arrange the meeting.
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Ye Grappler
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Re: Too big to prosecute
Reply #6 - 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.....
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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
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Ye Grappler
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Re: Too big to prosecute
Reply #7 - 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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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams
 
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