Here we go again! HSBC caught red-handed laundering money (a lot of it) for nations/entities under United States Sanctions. This reminds me of the movie,"Catch Me If You Can ". Big banks are the worst of the worst. Rate rigging, money laundering, toxic mortgage backed-securities, betting against their customers' positions and plenty more.
So what do our Regulatory Agencies do? Pull their license ? Shut them down? Restrict their business ? Of course not. They simply hit em with what appears to be a huge fine or penalty to "John Q Public" , and business(I mean monkey business) goes on as usual.
It's simply a license to break the law. Laughable! Your thoughts.
Wall Street analyst, S.F. Goldman the 3rd reporting.
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