Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: Steve Felix who wrote (45025)	1/31/2013 11:32:38 AM
From: Seismo	1 Recommendation Read Replies (1) of 220701

The HSBC money laundering crime shows that the regulators view these banks as not only too big to fail but to big to even criminally prosecute. They were fined $9 billion for money laundering for terrorists and drug cartels. Why no criminal prosecutions? The regulators said that if they brought up criminal charges then HSBC might lose their banking license and that might have a destabilizing influence on global finance. NOTHING has changed from 2008. The banks are now not only too big to fail but literally too big to prosecute. They own politicians globally.

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