DOJ Rolls Over and Wets on Itself
This HSBC thing has my gut in knots. I'm serious. It has literally made me consider retiring from WSO, not because any of you had anything to do with it, but because I'm so nauseated by the level of corruption in finance today and the utter impotence on the part of anyone in authority to apply anything resembling the rule of law against those clearly guilty of heinous financial crimes. From the feckless shitheels in the DOJ to the remorseless turds in the boardrooms all over midtown and The City, I'm starting to think I've just had enough of it. Watch this if you want to see where justice goes to die:





Comments
With all due respect (not at
With all due respect (not at you Eddy but just in general), if you haven't done something somewhat questionable in your career and got away with it you will be stuck in life and people will shit on you. There are so many 'goody naïve' types out there, they just think money grows on trees.
^ ^ ^ ^ lol... and people
^ ^ ^ ^
lol... and people like Karypto is why Wall Street is the most hated industry in the world.
Putting in an honest days of work = thinking money grows on trees? the fuck?
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The government pissing and
The government pissing and moaning about someone else cheating? This is hilarious. Can't expect justice from an unjust system.
You want to end corruption, theft and disregard of law by the government? Make it smaller and less powerful.
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karypto: With all due respect
With all due respect (not at you Eddy but just in general), if you haven't done something somewhat questionable in your career and got away with it you will be stuck in life and people will shit on you. There are so many 'goody naïve' types out there, they just think money grows on trees.
Wow, really? So, if you're not unethical during the course of your career, you're not going to move up and people are going to try and screw you? What world do you live in? I suppose you're one of those "jaded naive" types who everyone hates, and blames their failures on absurdities like, "I haven't been making enough questionable career choices".
I really hope you're trolling because this is possibly the worst and stupidest post I've ever read on WSO.
"My caddie's chauffeur informs me that a bank is a place where people put money that isn't properly invested."
karypto must work in Congress
karypto must work in Congress
TNA: The government pissing
The government pissing and moaning about someone else cheating? This is hilarious. Can't expect justice from an unjust system.
You want to end corruption, theft and disregard of law by the government? Make it smaller and less powerful.
+1. Amen.
Taibbi does yeoman's work on
Taibbi does yeoman's work on this stuff. Simply unreal. 99% of the media is completely useless on the topic.
The HSBC thing is so beyond belief insane. Laundering that kind of money for those kinds of folks is madness and so blatantly criminal. Nothing makes sense anymore.
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karypto: if you haven't done
if you haven't done something somewhat questionable in your career and got away with it you will be stuck in life and people will shit on you. There are so many 'goody naïve' types out there, they just think money grows on trees.
You've got to be kidding me. There's a pretty big difference between asserting yourself and laundering money for the cartels. What HSBC did is pretty cut and dry wrong.
karypto: With all due respect
With all due respect (not at you Eddy but just in general), if you haven't done something somewhat questionable in your career and got away with it you will be stuck in life and people will shit on you. There are so many 'goody naïve' types out there, they just think money grows on trees.
Watch out guys, we've got a badass over here...
I don't know about you but I've never laundered drug money or bribed government officials. You're the naive one if you think they're necessary things to do to advance a career.
TNA: The government pissing
The government pissing and moaning about someone else cheating? This is hilarious. Can't expect justice from an unjust system.
You want to end corruption, theft and disregard of law by the government? Make it smaller and less powerful.
We're actually looking to end corruption, theft and disregard of the law by HSBC and other financial institutions
I hope one day the government
I hope one day the government wakes up and realizes it is trying to fight a war that it created. You wouldn't need to launder money if there wasn't a "war" on drugs. And you wouldn't have a war on drugs if you didn't have an ever growing nanny state.
You fine banks and punish them in non criminal ways because there isn't one person to blame. HSBC is not too big to fail and has jack balls sway in the US. The US government has imprisoned a bunch of executives and financial players. This idea that banks have immunity is simply populace fodder.
Who at HSBC is going to go to jail for this? The CEO? The CFO? Money Laundering starts at the bank branch level and moves up. Banks have all kinds of systems in place to catch these things, but shit happens. So we will fine the fuck out of HSBC, use those fines to support US Government sanctioned criminality and so the world continues to spin.
This entire society is criminal and unjust. Banks fuck people over. People read the law and fuck banks over. Corporations get graft from the government. People get graft from the government. We borrow money from other countries and debase our currency when we repay them. We unlawfully invade other countries. We kill our own citizens. We tax others because they have more than the voting block that authorizes these taxes. On and on and on.
If you think we are living in some just work you aren't paying attention.
Now does this provide justification to break the law? No. I am not advocating that. I am simply dispassionate when people make an economic decision on the benefits of ignoring a law and then have to suffer the consequences. Does HSBC ignoring money laundering laws piss me off? About as much as people who jay walk.
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Karypto, I didn't know
Karypto, I didn't know laundering hundreds of millions of dollars for drug cartels and other organized crime groups was a 'questionable' decision. HSBC might as well fund Al Qaeda while they're at it
“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win” - Sun Tzu
karypto is clearly The Llord
karypto is clearly The Llord Bankfine
TNA, I'm not sure you've
TNA, I'm not sure you've really read into this. This isn't nearly as nebulous as you make it out to be. Your insinuation that we should basically just accept this because the world is unjust is the exact reason why this shit continues to happen.
Also, if this were a case of welfare fraud or something related to that, there is no way in hell you'd be so non-chalant about it.
C'mon man!
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Am I supposed to feel some
Am I supposed to feel some sort of emotion from these comments? Because I don't.
TheKing: TNA, I'm not sure
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TheKing: TNA, I'm not sure
When I think of a Mexican
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I love the righteous
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NorthSider: TheKing: TNA,
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Btw, the language he uses is
Check out my WSO Blog
King, what case would the DOJ
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@TNA et al saying it's no big
So suppose I ran a company
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HSBC had a shitty compliance
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Could someone please lay out
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TNA: So suppose I ran a
Remember, once you're inside you're on your own.
Oh, you mean I can't count on you?
No.
Good!
snakeplissken: TNA: So
Remember, once you're inside you're on your own.
Oh, you mean I can't count on you?
No.
Good!
Yeah, I agree. If a bank
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having done some forensic
TNA: Yeah, I agree. If a bank
The endless critique of the
econ_guru: The endless
econ_guru: The endless
FrankD'anconia: econ_guru:
NorthSider: FrankD'anconia:
I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.
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SirTradesaLot: Because people
NorthSider: SirTradesaLot:
I'm a lover, not a fighter, but I'm also a fighter, so don't get any ideas.
My WSO Blog
SirTradesaLot: NorthSider:
You guys are missing the
stanvalchek: You guys are
Government creates the
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They are just doing God's
NorthSider: stanvalchek: Yo
stanvalchek: We can and
The rationalization going on
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Not sure the rationalization.
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TNA: King, what case would
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Don't even bother, King. The
1) A person getting busted
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