General Discussion

Maven

(10,533 posts)

43. They should have done BOTH.

Wed Dec 12, 2012, 08:22 PM

Dec 2012

Prosecuting executives would break the omerta that allows this kind of organized crime to continue unabated. If similarly situated executives at other banks saw that participating could land them at Sing Sing, they'd sing. To the authorities, that is.

Meanwhile, prosecutions accompanied with hefty fines would send the message up the ladder.

Your love of the monied establishment is so great it clouds your sense of justice.

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44 replies

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Highlight:

NYT slams the government for choosing not to prosecute HSBC top-bankers [View all] Welcome_hubby Dec 2012 OP

The NY Times is lying. Dodd-Frank made this situation impossible. MannyGoldstein Dec 2012 #1

Yep, their hands are tied jsr Dec 2012 #8

What are you babbling about? What HSBS did was and is illegal. banned from Kos Dec 2012 #9

eric holder is protecting his future employment. roguevalley Dec 2012 #21

It's ... 1StrongBlackMan Dec 2012 #26

Yep, except for the "will own" part. Won't his true believers excuse him for all of his actions and AnotherMcIntosh Dec 2012 #30

Its ALL Joe Lieberman's fault. bvar22 Dec 2012 #42

probably roguevalley Dec 2012 #44

This has nothing ProSense Dec 2012 #23

tell Manny, not me. banned from Kos Dec 2012 #24

You made the point about Dodd-Frank rules and enforcement. n/t ProSense Dec 2012 #25

True or false: MannyGoldstein Dec 2012 #36

The message I get from this is 'do as you damn well please' and just hold some reserve cash for RKP5637 Dec 2012 #2

All banks launder drug money - they just don't know it or don't care. banned from Kos Dec 2012 #3

Ergo, no money launderers should be arrested. MannyGoldstein Dec 2012 #4

Which would hurt HSBC more? A $1.9 billion fine or some mid-level New York account rep banned from Kos Dec 2012 #5

Yep, very good point. The little guys would be rolled over as scapegoats, but those up the RKP5637 Dec 2012 #15

Good point. When Bush went after Arthur Anderson for abetting Enron? MannyGoldstein Dec 2012 #37

They should have done BOTH. Maven Dec 2012 #43

Perfectly Sensible. jsr Dec 2012 #10

Even in charging HBSC ... 1StrongBlackMan Dec 2012 #40

At least with BP they offer us some low level sacrificial lambs! If you have money in this country, Dustlawyer Dec 2012 #6

Yes, that is my point. When a corporate crime is committed one must find the culprit. banned from Kos Dec 2012 #7

"When a corporate crime is committed one must find the culprit." If that's not what Holder says, AnotherMcIntosh Dec 2012 #31

Too big to fail. Baitball Blogger Dec 2012 #11

Nothing said about HSBC removing the people who were involved? Baitball Blogger Dec 2012 #12

I heard on the news last night that HSBC claimed those individuals had been let go. Was not RKP5637 Dec 2012 #14

Thank you very much for that thorough explanation. Baitball Blogger Dec 2012 #16

I agree with the NYT, and to ProSense Dec 2012 #13

Here's the key point from the editorial: ProSense Dec 2012 #17

When a corporation is found guilty in this fashion, it should come under government control Orrex Dec 2012 #18

The upper ranks have some plausible deniability in this case, they can say they didn't know... uponit7771 Dec 2012 #19

Their ignorance should itself be culpable Orrex Dec 2012 #22

Had enough yet? nt woo me with science Dec 2012 #20

lol MrYikes Dec 2012 #27

I wonder if ... 1StrongBlackMan Dec 2012 #28

explain to us that don't understand how imprisoning a few top execs.. frylock Dec 2012 #33

I'll have to go back and read through the article again; but ... 1StrongBlackMan Dec 2012 #39

Banksters are immune from prosecution, besides.. 99Forever Dec 2012 #29

Meanwhile in a simpler, non-too big to fail or fuck with time... Safetykitten Dec 2012 #32

We are to cheer because a further, devastating blow *might* be withheld, maybe. woo me with science Dec 2012 #34

Jail is largely for poor people committing petty crimes or possession of a indepat Dec 2012 #35

It's profitable! woo me with science Dec 2012 #38

kick woo me with science Dec 2012 #41