Tue, Jul 22, 2014, 9:05 AM EDT - U.S. Markets open in 25 mins.


% | $
Click the to save as a favorite.

HSBC Holdings plc Message Board

  • wes_w_weber wes_w_weber Dec 11, 2012 9:19 PM Flag

    Google "why isn't HSBC charged with fraud"

    On the first indexed/cached page you will find a quote from the HSBC website,

    "The best way to defend yourself against financial fraud is to know how criminals operate. The more you know, the less likely you are to become a victim.*

    On the second indexed page you will read,

    HSBC to Pay $1.92 Billion to Settle Charges of Money Laundering.
    State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardize one of the world’s largest banks and ultimately destabilize the global financial system.

    Too big to fail, too big to be charged and now you have a dollar amount that exempts you from rule of law. Remember HSBC doesn't really have any money, it has a bank charter leveraged approximately 50-1 I would guess.

    Pool your assets together as a group of people to the tune of a few billion, leverage yourself 50-1 and make your own rules! I love this planet. Get informed people, get organized - then make a difference.

51.10+0.56(+1.10%)Jul 21 4:03 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.