Gangster Bankers: Too Big to Jail: How HSBC hooked up with drug traffickers and terrorists. And got away with it

  • metta

    Posts: 39165

    Feb 15, 2013 9:15 PM GMT
    Gangster Bankers: Too Big to Jail

    How HSBC hooked up with drug traffickers and terrorists. And got away with it



    http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214
  • The_Guruburu

    Posts: 895

    Feb 15, 2013 9:33 PM GMT
    When I grow up, I wanna be so rich and powerful, even the Feds can't stop me!
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    Feb 15, 2013 9:54 PM GMT
    When I grow up, I wanna be powerful enough to stop rich people.
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    Feb 15, 2013 9:56 PM GMT
    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.

    The only way would be to become a corrupt rich person yourself, and then you'd be on their team. Face it, they can't be stopped. In the US they have an entire political party, the Republicans, to do their bidding and prevent anyone from stopping them.
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    Feb 15, 2013 10:10 PM GMT
    ART_DECO said
    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.

    The only way would be to become a corrupt rich person yourself, and then you'd be on their team. Face it, they can't be stopped. In the US they have an entire political party, the Republicans, to do their bidding and prevent anyone from stopping them.
    Yeah, they can be stopped; but it would take an "astronomical event" to make it happen. Too bad 2012 DA14 is gonna miss their headquarters...this time. icon_twisted.gif
  • Lincsbear

    Posts: 2605

    Feb 15, 2013 10:49 PM GMT
    I think the correct term for these guys is 'banksters'.
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    Feb 15, 2013 11:17 PM GMT
    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.


    But look at what the kennedys got away with,and the women in the car in the lake that Teddie ran away from and left for deadicon_twisted.gif
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    Feb 15, 2013 11:19 PM GMT
    tru_blu_aussie said
    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.


    But look at what the Kennedy's got away with,and the women in the car in the lake that Teddie ran away from and left for deadicon_twisted.gif


    How rich democrats are no better, we may even find them to be worse.icon_redface.gif
  • roadbikeRob

    Posts: 14385

    Feb 16, 2013 4:22 PM GMT
    metta8 saidGangster Bankers: Too Big to Jail

    How HSBC hooked up with drug traffickers and terrorists. And got away with it



    http://www.rollingstone.com/politics/news/gangster-bankers-too-big-to-jail-20130214
    HSBC is one of the worst banks to deal with. I had a checking account with them for about two years and they were horrible with their astronomical fees along with their lousy, shitty customer service. I am glad that they left town because Buffalo is much better off without this big, corrupt bank. All they wanted was more free handouts from the taxpayers for new office space.
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    Feb 16, 2013 4:29 PM GMT

    Ehmmmm! no comment....icon_rolleyes.gif

    now it makes sense why the organization become such bias when all they did focus on was "money laundering" to staff at one point of time...well I hated all their test! icon_rolleyes.gif..now is like meh.

    Then again, cause they are Beyonce!.....they got image to keep up with.
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    Feb 16, 2013 4:33 PM GMT
    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.


    But when you get to that point you will have lost interest.
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    Feb 16, 2013 4:41 PM GMT

    paulflexes saidWhen I grow up, I wanna be powerful enough to stop rich people.


    *there goes my Idol again! icon_wink.gif
  • SkyMiles

    Posts: 963

    Feb 16, 2013 4:55 PM GMT
    The world's moving toward a corporatist state. What does it say when even the most powerful nations of the world can't or won't enforce its own laws?
  • roadbikeRob

    Posts: 14385

    Feb 16, 2013 5:00 PM GMT
    Colbert_Nation saidThe world's moving toward a corporatist state. What does it say when even the most powerful nations of the world can't or won't enforce its own laws?
    It obviously says that all the politicians have been bought by the big banks and fortune 500 corporations.
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    Feb 16, 2013 5:00 PM GMT
    This really isnt that big of a deal, and it is up to the people to make the bank hurt for these kinds of outrages.

    While I do think that the fine was small, pinpointing it to one person is going to be much harder to do. At the end of the day, people need to stop thinking that these companies are an entity with a mind and a soul to make a decision. They are huge oiled machines, and a necessity for our economy today. To take out the big banks is to ruin how our entire economic system works, and it just isnt going to happen without causing a great depression.

    If this bank were to be taken down for the illegal activities, the person who would end up hurt for it would be the shareholders, who didnt make the decision, as well as millions of employees who had no say/regard/knowledge of what happened, which is why there wasnt a criminal case.

    Either way, I will not bank with this institution, and I encourage others to as well. If you have money in this bank, you should pull it out.

    There is one way to make a big bank hurt, and that is financially.
  • toastvenom

    Posts: 1020

    Feb 16, 2013 5:04 PM GMT
    it's unreal how complacent we as a society have become to injustice happening in the world. It's gotten to the point where these business men, bankers and politicians air their dirty laundry infronnt of us knowing that nothing will be done to them. They're not scared, that's the problem. They are protected in their ivory towers. As history has proven time and again, true social change only ever came through revolution. Now if only I wasn't working fifty hours a week to pay for the house I know I can never afford because the average salary has been stagnate for the last 27 years while the corporation continues to make record profits on the sweat of my back, maybe then id have time to actually be proactive as opposed to shaking my fist at the sky in anger and frustration every time a new report comes out indicating how this Second Depression were in (that's what im calling it) is due to corporate greed and no legal action is being taken because they are just "to big to fail."
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    Feb 16, 2013 5:06 PM GMT
    Toastvenom saidit's unreal how complacent we as a society have become to injustice happening in the world. It's gotten to the point where these business men, bankers and politicians air their dirty laundry infronnt of us knowing that nothing will be done to them. They're not scared, that's the problem. They are protected in their ivory towers. As history has proven time and again, true social change only ever came through revolution. Now if only I wasn't working fifty hours a week to pay for the house I know I can never afford because the average salary has been stagnate for the last 27 years while the corporation continues to make record profits on the sweat of my back, maybe then id have time to actually be proactive as opposed to shaking my fist at the sky in anger and frustration every time a new report comes out indicating how this Second Depression were in (that's what im calling it) is due to corporate greed and no legal action is being taken because they are just "to big to fail."


    No, it is not due to corporate greed, is it due to dumbasses like you.

    The house you cant afford is because of multiple things, many of which are outside of the corporations control. For one, the salaries not being raised are only really valid for the minimum wage, which is the government's job. Two, houses are subsidized by the government through the mortgage tax deduction, which makes it more expensive for everyone involved. Three, being uneducated is no excuse to attack banks without a basic understanding of how money works or economics.

    Thank you and good night.
  • toastvenom

    Posts: 1020

    Feb 16, 2013 5:10 PM GMT
    yes, good sir but who the fuck dictates to the government how they govern? The assholes who have paid for their campaigns and who have bribed them. The corporation. look who goes into politics a majority of the time, businessmen. yeah, and they always have the best interest of the people first.
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    Feb 16, 2013 5:12 PM GMT
    Toastvenom saidyes, good sir but who the fuck dictates to the government how they govern? The assholes who have paid for their campaigns and who have bribed them. The corporation. look who goes into politics a majority of the time, businessmen. yeah, and they always have the best interest of the people first.


    Or...and bear with me hear...it has to do with who we vote in...

    The government has problems, and tons of lobbying issues, but banks are FAR from the major one. You have the real estate industry and the corn industry bankrupting this country through crappy subsidies that only help them and cause this country to widen the gap from rich to poor and be extremely obese.

    Thats just the reality of it. Turning the whole economy upside down and essentially crashing society as we know it is not the solution. Campaign finance reform is, and that was filibustered in the senate by some jackass, so find out who he is and blame him.

    Personally the only real solution to this would be to break banks up into different entities but that would hurt the shareholders, who did not have a say in what happened.

    And that is the tricky situation here. Its just like during the financial meltdown when Lehman brothers crashed, and it caused short term vehicles like money markets to freeze. The economy can't handle it. Can you image if Meryl Lynch, Morgan Stanley, and all the others fell as well? We wouldnt be talking about the recession, we would be in a huge depression like the great one. We cant afford that, and that is why we did the TARP and other programs. Its not that these institutions are too big to fail, it is that if they fail there will be repercussions that will destroy the American Economy.
  • roadbikeRob

    Posts: 14385

    Feb 16, 2013 5:24 PM GMT
    Chainers said
    Toastvenom saidyes, good sir but who the fuck dictates to the government how they govern? The assholes who have paid for their campaigns and who have bribed them. The corporation. look who goes into politics a majority of the time, businessmen. yeah, and they always have the best interest of the people first.


    Or...and bear with me hear...it has to do with who we vote in...

    The government has problems, and tons of lobbying issues, but banks are FAR from the major one. You have the real estate industry and the corn industry bankrupting this country through crappy subsidies that only help them and cause this country to widen the gap from rich to poor and be extremely obese.

    Thats just the reality of it. Turning the whole economy upside down and essentially crashing society as we know it is not the solution. Campaign finance reform is, and that was filibustered in the senate by some jackass, so find out who he is and blame him.

    Personally the only real solution to this would be to break banks up into different entities but that would hurt the shareholders, who did not have a say in what happened.

    And that is the tricky situation here. Its just like during the financial meltdown when Lehman brothers crashed, and it caused short term vehicles like money markets to freeze. The economy can't handle it. Can you image if Meryl Lynch, Morgan Stanley, and all the others fell as well? We wouldnt be talking about the recession, we would be in a huge depression like the great one. We cant afford that, and that is why we did the TARP and other programs. Its not that these institutions are too big to fail, it is that if they fail there will be repercussions that will destroy the American Economy.
    You forgot about defense contractors. The military industrial complex rules the roost in Washington.
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    Feb 16, 2013 5:24 PM GMT
    Who held a private campaign fundraiser with Goldman Sachs: Obama.

    Who gave more money to Obama's 2008 campaign than anyone else: banker Goldman Sachs.

    Which Obama supporter got 1 billion in taxbreaks in 2012 and is carrying another 2.2 billion for 2013: Facebook.

    Who is one of Obama's economic advisors: Jaime Dimon who heads Chase Bank.

    Who is another Obama economic advisor: Warren Buffet who invested 5 billion in Bank Of America.

    Which billionaire economic advisor regularly visits the White House: Hungarian George Soros.

    Who was the wealthiest Senator until 2 weeks ago when he became secretary of state: democrat John Kerry.

    Who was the wealthiest Senator before democrat John Kerry: democrat Ted Kennedy.

    Who are the top wealthiest senators now:

    Mark Warner, Democrat
    Herb Kohl, Democrat
    James Risch, Republican
    Jay Rockefeller, Democrat
    Richard Blumenthal, Democrat
    Dine Feinstein, Democrat
    Frank Lautenberg, Democrat
    Bob Corker, Republican
    Olympa Snowe, Republican

    So I guess we now know which party support millionaires, billionaires and Banks.




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    Feb 16, 2013 5:29 PM GMT
    Who didn't have HSBC presecuted: Obama
  • roadbikeRob

    Posts: 14385

    Feb 16, 2013 5:43 PM GMT
    mx5guynj saidWho held a private campaign fundraiser with Goldman Sachs: Obama.

    Who gave more money to Obama's 2008 campaign than anyone else: banker Goldman Sachs.

    Which Obama supporter got 1 billion in taxbreaks in 2012 and is carrying another 2.2 billion for 2013: Facebook.

    Who is one of Obama's economic advisors: Jaime Dimon who heads Chase Bank.

    Who is another Obama economic advisor: Warren Buffet who invested 5 billion in Bank Of America.

    Which billionaire economic advisor regularly visits the White House: Hungarian George Soros.

    Who was the wealthiest Senator until 2 weeks ago when he became secretary of state: democrat John Kerry.

    Who was the wealthiest Senator before democrat John Kerry: democrat Ted Kennedy.

    Who are the top wealthiest senators now:

    Mark Warner, Democrat
    Herb Kohl, Democrat
    James Risch, Republican
    Jay Rockefeller, Democrat
    Richard Blumenthal, Democrat
    Dine Feinstein, Democrat
    Frank Lautenberg, Democrat
    Bob Corker, Republican
    Olympa Snowe, Republican

    So I guess we now know which party support millionaires, billionaires and Banks.




    Both democrats and republicans support billionaires, banks, and fortune 500 conglomerates. Both parties need to be evicted from office.
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    Feb 16, 2013 5:53 PM GMT
    roadbikeRob said
    mx5guynj saidWho held a private campaign fundraiser with Goldman Sachs: Obama.

    Who gave more money to Obama's 2008 campaign than anyone else: banker Goldman Sachs.

    Which Obama supporter got 1 billion in taxbreaks in 2012 and is carrying another 2.2 billion for 2013: Facebook.

    Who is one of Obama's economic advisors: Jaime Dimon who heads Chase Bank.

    Who is another Obama economic advisor: Warren Buffet who invested 5 billion in Bank Of America.

    Which billionaire economic advisor regularly visits the White House: Hungarian George Soros.

    Who was the wealthiest Senator until 2 weeks ago when he became secretary of state: democrat John Kerry.

    Who was the wealthiest Senator before democrat John Kerry: democrat Ted Kennedy.

    Who are the top wealthiest senators now:

    Mark Warner, Democrat
    Herb Kohl, Democrat
    James Risch, Republican
    Jay Rockefeller, Democrat
    Richard Blumenthal, Democrat
    Dine Feinstein, Democrat
    Frank Lautenberg, Democrat
    Bob Corker, Republican
    Olympa Snowe, Republican

    So I guess we now know which party support millionaires, billionaires and Banks.




    Both democrats and republicans support billionaires, banks, and fortune 500 conglomerates. Both parties need to be evicted from office.


    And then what? Maybe we could have Bernie Sanders as king?
  • Zinc

    Posts: 197

    Feb 16, 2013 5:57 PM GMT
    I only bank with local banks here in Chicago. They are more responsive to me, actually pay me interest on my money (remember when banks did that?) and they know my name!

    Can I make a plug for National Republic Bank of Chicago or Washington Federal Bank for Savings? If you're in Chicago check them out.