Up for Debate: HSBC, too big to jail

Wednesday, December 19, 2012 at 2:26am

In other news last week, HSBC said it would pay a record $1.9 billion settlement as the U.S. Department of Justice decided not to indict the London-based company on allegations that it laundered billions of dollars in international drug cartel money. Are worries that prosecuting such a large company might destabilize the world economy enough to not hold its executives responsible for any possible criminal actions, particularly when untold numbers of individuals are prosecuted for the same crimes? 

Filed under: City Voices
Tagged: Up for Debate

157 Comments on this post:

By: yogiman on 12/19/12 at 5:09

In other words, you aren't a criminalized company if your executives commit their crimes in your name.

How much campaign money did the company pay to not be prosecuted?

By: govskeptic on 12/19/12 at 5:19

This bank like Barclay's has been hit rather hard in civil penalty only. This along with
heavy fines on British Petroleum, might make one think the Justice Dept is mostly
concerned with those entities that are forbidden to make Political donations to our
US politicians. Mean while, our truly too large to fail 5-8 largest banks keep getting
larger in spite of the Presidential rhetoric and legislation that was passed to curb
just this problem. Our dependance (and protection) on the Pin Striped suits of Wall Street and Main Street to be the major focus of our economy is very troubling and
certainly does little to put good jobs back to those truly looking for a job.

By: gdiafante on 12/19/12 at 6:20

Personally, I'm sick of hearing about these "too-big-to-do-anything entities. If it's too big, break it up. Call it "national security". Let's resurrect Teddy Roosevelt to start busting.

I'm sure the technology exists...probably from one of the too-big-to-fail pharmaceutical companies...

By: yogiman on 12/19/12 at 6:40

I read where 27 people was killed in a truck wreck in Nigeria. It looks like it doesn't matter how many get killed, it's just the way they are killed.

Is Rep. Feinstein(?) thinking about banning trucks?

By: gdiafante on 12/19/12 at 6:42

Are you seriously equating what happened in Newtown to an automobile accident? Does your stupidity have no bounds?

By: Captain Nemo on 12/19/12 at 6:55

If you are going to stop crime then the punishment need to fit the crime. 1.9 billion along with some time might go along way in deterrent in reducing this.

There is nothing too big.

By: Kosh III on 12/19/12 at 6:57

It just shows once again that there is one very lenient standard of justice for the rich and powerful, and a harsh and vindictive standard for the rest of us.

They should've been fined, then lined up against a wall and shot---along with most of Goldman Sachs, BofA, and the other crooks.

By: Captain Nemo on 12/19/12 at 6:59

g, small brains. It is a waste to spend time on a dead zero.

By: gdiafante on 12/19/12 at 7:03

That's just a really, REALLY stupid thing to say, even for yogi.

By: Captain Nemo on 12/19/12 at 7:30

Nothing is too stupid for him. Now enough time wasted.

By: Captain Nemo on 12/19/12 at 7:32

Speaking of stupid. There is a big business for people buying supplies for then End of the World.

By: yogiman on 12/19/12 at 7:33

Deaths are deaths, gdiafante. It's sad for any family to lose a member other than 'old age', regardless of when, where or how.

By: Blanketnazi2 on 12/19/12 at 7:34

OMG, they can use the crap they didn't sell for Y2K?

By: gdiafante on 12/19/12 at 7:37

No, it's not, dumbass. 26 people massacred at the hands of a psycho is not the same thing as an automobile accident. Why am I not surprised you're too dense to understand?

By: yogiman on 12/19/12 at 7:38

What a man! How many weeks was he in office before Barry received a Nobel Peace prize? Just a couple, wasn't it. And now Time magazine has picked him as their "person of the year" and don't even know his official name. What a man. The best usurper known in history.

By: gdiafante on 12/19/12 at 7:44

He's certainly a better man than you, yogi.

Now, liar, go away.

By: yogiman on 12/19/12 at 7:47

Because you aren't too intelligent to understand, gdiafante. As I say, death is death whether its by an accident or by a murderer. The only difference is the way it happened.

Was the deaths in Nigeria an intended crash by the truck driver with the intent of ki8lling those men? You don't know, do you?

But your attitude is an accident is different from a murder. The only final difference is the way it happened. Sorry, we don't think alike. But then, we don't have the same brains, do we?

Deaths are caused by four ways; old age, illness, accident and murder?

By: Blanketnazi2 on 12/19/12 at 7:48

g, there's still time for yogi to be a Darwin Award Winner. You're never too old for that.

By: yogiman on 12/19/12 at 7:51

I'll admit, he's a better usurper than I, gdiafante. If you could offer me proof he's in that office legally I would accept it. But you can't, because I'm sure you would have already. But just saying it, isn't enough.

And why can't you? Because he won't prove it himself.

By: gdiafante on 12/19/12 at 7:52

With each post, he just keeps lowering the bar...

By: gdiafante on 12/19/12 at 7:53

And here we go again...yawn...

I concur with your 7:48 post, blanket.

By: Blanketnazi2 on 12/19/12 at 7:59

Well, he already told us how he's spending Christmas.....

By: Captain Nemo on 12/19/12 at 8:03

Have you seen this?

http://www.dailymail.co.uk/news/article-2250416/Terrifying-moment-golden-eagle-swooped-snatched-toddler-played-park.html

By: Captain Nemo on 12/19/12 at 8:05

Well if you two are going to waste time on the fool, I'll see you later.

By: Blanketnazi2 on 12/19/12 at 8:05

Yikes! I really hope that's a hoax!

By: Blanketnazi2 on 12/19/12 at 8:06

That's not my plan for the day, Nemo. :)

By: gdiafante on 12/19/12 at 8:11

I've wasted enough time on that douche, nemo. But the massacre hit a little too close to home for me so I'm sensitive about the subject.

By: Blanketnazi2 on 12/19/12 at 8:14

I can't believe the people who think more guns is the solution. Some are posting that they want all teachers armed. Insanity!

By: Blanketnazi2 on 12/19/12 at 8:15

I'm glad that recent polls show that the majority of people want meaningful gun control reform and for laws to be enforced.

By: Captain Nemo on 12/19/12 at 8:17

I am too gdia and that waste of space is too easy of a target. It is better not to even read any of his post. I don't and I am better for it.

We still have p3 and bud to laugh at.

By: yogiman on 12/19/12 at 8:26

This is a list of communist goals listed at a congressional hearing in 1963. Which one have they already succeeded in?

1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament [by] the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of communist domination.
7. Grant recognition of red China. Admission of Red China to U. N.
8. Set up East and West Germany as separate states in spite of Khruschev's promise in 1955 to settle the German question by free elections under supervision of the U. N.
9. Prolong the conference to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U. N.
11. Promote the U. N. as the only hope for mankind. If it's charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U. N. as by Moscow. Sometimes these two centers compete with each other as they are not doing in the Congo.)
12. Resist any attempts to outlaw the Communist Party.
13. Do away with loyalty oaths.
14. Continue giving Russia access to the U. S. Patent Office.
15. Capture one or both of the political parties in the United States.

Note: This was a 1963 congressional hearing. There's more. I'll give them a few at a time. Please note number 15 and ask yourself the question: Why has congress allowed a man in office who refuses to prove his identity?

By: gdiafante on 12/19/12 at 8:30

Arming teachers wouldn't do much good. First, they'd have to keep the arms secured, obviously so children can't get to them. So, when the alarm is sounded, instead of having the teacher get the children out of harms way, they'd be worrying about getting a gun out.

Then, they'd have to attend to the children...with a loaded firearm. Once the children are secure, then what do they do? Leave them and go hunting for bad guys like John Maclain? Do they sit there with the children until confronted with the guy and then just start firing away? How does that protect the children? Wouldn't it cause more crossfire?

I'd rather see armed security guards or officials in the office with the abilty to retrieve a gun rather than arming the teachers. Too many things can go wrong in the heat of the moment, and really, the children's safety should come first.

By: Captain Nemo on 12/19/12 at 8:30

You would think if it is the end of the world, that a bunker would be useless. Maybe this is just a test to see who is the brightest and who is gullible. LOL

Sales of luxe doomsday bunkers up 1,000%
http://money.cnn.com/2011/03/22/real_estate/doomsday_bunkers/index.htm

By: Captain Nemo on 12/19/12 at 8:35

I agree gdia. Armed security would be a better direction to take in school security, I would think. There is only one concern and that is to waHowever that would cost money and then there are people that would be against spending.

No New Taxes. tch for danger.

By: Blanketnazi2 on 12/19/12 at 8:36

True, g. Also, that would mean that in order to be a teacher you would have to be pro-gun.

By: Captain Nemo on 12/19/12 at 8:39

Sorry here is the corrected post.

I agree gdia. Armed security would be a better direction to take in school security, I would think. There is only one concern and that is to watch for danger.

However that would cost money and then there are people that would be against spending.

No New Taxes.

By: gdiafante on 12/19/12 at 8:39

I can only speak for myself, but god forbid the situtation arises, I would prefer my child's teacher protect the kids, not turn into Rambo.

I can assure you, should TN pass legislation to arm teachers, my children will no longer participate in the school system.

By: Captain Nemo on 12/19/12 at 8:40

Blanket, they would have to be a member of the NRA too. lol

By: slacker on 12/19/12 at 8:43

Got my 2013 Mayan Calendar in the mail yesterday. They're predicting the Tennessee Titans to win the the Superbowl, and Mick Jagger to come out of the closet.

By: yogiman on 12/19/12 at 8:43

gdiafante,

You all can accept someone as your president who refuses to prove his eligibility as long as you like. But there's two people in this argument that knows I'm right: Barry Soetoro aka Barack Obama and I. I'm going to continue my "argument" until I'm proven wrong. So prove me wrong. Don't just say I am.

By: Blanketnazi2 on 12/19/12 at 8:44

slacker, I figured it would be blank pages - lol!

By: bfra on 12/19/12 at 8:44

Talked to a man yesterday, he is buying an AK47. He isn't NRA or a hunter, but is a Repub. I ask why? In his mini-mind, he thinks things are going to get bad, so he just wants one. NO gun safe, No security alarm in his home. He just wants one! Up until that conversation, I thought him to be an intelligent person.

By: Blanketnazi2 on 12/19/12 at 8:46

No security alarm but he needs an AK47? Seriously?

By: gdiafante on 12/19/12 at 8:47

Well arming teachers would cost money too, nemo. Not to mention adequate training, licensing, proper security of the guns...

By: slacker on 12/19/12 at 8:51

nazi, the Mayans are owed money.. they gave the universe another year. rimshot....

By: Blanketnazi2 on 12/19/12 at 8:52

TN would pay for guns before it agreed to pay for classroom supplies or text books.

By: Blanketnazi2 on 12/19/12 at 8:52

slacker, it's really convenient that they just sort of "disappeared." I think they're in a witness protection program.

By: yogiman on 12/19/12 at 8:53

Times, and people, have changed, gdiafante.

As a child, our teachers armed weapon was a wood paddle. And some had holes drilled in those paddles to make them heavier caliber than the plain ones.

And if we had to take a note home to our parents, Dad pulled a 45 caliber belt off his pants.

By: gdiafante on 12/19/12 at 8:54

What's wrong with re-instituting the assault weapon ban that was in effect until 2004 and require tougher requirements to own a firearm, specifically a longer waiting period, tougher background check and a current and valid psychological exam?

By: Captain Nemo on 12/19/12 at 8:59

LOL slacker and Blanket.

bfra,I think that person you know, needs a mental and reality evaluation. lol