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Wed Dec 12, 2012, 05:57 PM

 

Thank God for American Exceptionalism!



In the past 48 hours, police in the U.K. and Germany have arrested senior bank executives for serious crimes. On Wednesday, Deutsche Bank offices were raided by 500 police because the CEO and CFO are under investigation for tax evasion.

Meanwhile in the U.S., the Justice Department signed a settlement with HSBC Bank on Tuesday, for its involvement in money laundering, drug smuggling, and providing support to terrorists. HSBC Bank paid a trivial half of one quarter's profits and no executive will be criminally prosecuted.

http://www.guardian.co.uk/commentisfree/2012/dec/12/hsbc-prosecution-fine-money-laundering

UK arrests: http://www.ft.com/intl/cms/s/0/814cafd2-4388-11e2-a68c-00144feabdc0.html

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Reply Thank God for American Exceptionalism! (Original post)
Whovian Dec 2012 OP
newfie11 Dec 2012 #1
pampango Dec 2012 #2

Response to Whovian (Original post)

Wed Dec 12, 2012, 06:04 PM

1. Yep but get caught with a joint and serve 80 years nt

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Response to Whovian (Original post)

Wed Dec 12, 2012, 08:27 PM

2. Europeans do seem to have stricter regulations and

better enforcement.

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