HSBC pays $1.9 billion to settle US probe

Discussion in 'Credit Talk' started by jam237, Dec 11, 2012.

  1. jam237

    jam237 Well-Known Member

  2. Heather L

    Heather L Well-Known Member

    Wow! This is ridiculous!
     
  3. mijd

    mijd Well-Known Member

    Bet there is a lot more of this and other illegal stuff going on with banks both large and small the public does not nor will ever know about.
     
  4. MrGreen

    MrGreen Well-Known Member

    That article does everything but say directly that many very rich people paid millions each for the privilege of staying out of jail. :-(
     
  5. jam237

    jam237 Well-Known Member

    Unfortunately, that is a standard amongst any form of government settlements.

    I've seen pretty much the same in most FTC settlements that I've looked at. The main part is that through the settlement that is no admission of guilt, so with no guilt, no incarceration.
     

Share This Page