To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:35 pm  

It really is time to get out the pitchforks! It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. http://www.nytimes.com/2012/12/12/opini ... .html?_r=0 So if your crime is so huge it can endanger the financial system you get away with it scot free! Why the hell are we tolerating this outrage?

It really is time to get out the pitchforks! It is a dark day for the rule of law. Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system. http://www.nytimes.com/2012/12/12/opini ... .html?_r=0 So if your crime is so huge it can endanger the financial system you get away with it scot free! Why the hell are we tolerating this outrage?

Re: To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:39 pm  

Have you been away? That's old news.

Re: To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:41 pm  

Dally wrote:

Have you been away? That's old news.

And your opinion on it is?

Re: To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:42 pm  

LeighGionaire wrote:

And your opinion on it is?

It's immoral pragmatism.

Re: To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:46 pm  

Iceland jailed their delinquent bankers and their economy is on the up

Re: To Big To Fail, Too Big To Jail! : Tue Dec 18, 2012 10:48 pm  

I think the article is misleading. As I understand it the US was more concerned with possible job losses in the US than the collapse of the fincial system.