Long story short, HSBC's criminal executives and managers will not be prosecuted for openly, blatantly, and willingly assisting drug cartels in laundering money. Nor will the bank be prosecuted for criminal activity.
However, HSBC shareholders will pay a billion-dollar fine.
After all, if HSBC gets hit with a criminal conviction, it will no longer be licensed to operate in the US, and that simply would be awful. Or something.
Some animals are more equal than others.
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3 comments:
Leave the job creator alone.
No one prosecuted? No chance of anyone going to prison? What the hell's the matter with those Brits - they're acting like Americans!
Since that bank operates in the USA, prosecutions could occur here, too. So Holder & Co. are acting more like the French, who are imitiating the Brits....
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