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Forum Post: is this a form of group think?

Posted 1 year ago on Dec. 14, 2012, 10:19 a.m. EST by gestopomillyy (1695)
This content is user submitted and not an official statement

The New York Times put it this way:

Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/outrageous-hsbc-settlement-proves-the-drug-war-is-a-joke-20121213#ixzz2F2XMiZtH Follow us: @rollingstone on Twitter | RollingStone on Facebook

wouldnt it be better if those executives where replaced? better for the entire system?

8 Comments

8 Comments


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[-] 2 points by DKAtoday (27701) from Coon Rapids, MN 1 year ago

Open your post with your edit button - and - back space to the left margin - the text that is running off of the screen - as you bring the beginning of the sentence to the left margin - it - will reformat to fit the screen.

[-] 1 points by DKAtoday (27701) from Coon Rapids, MN 1 year ago

Replaced - and also prosecuted - given the Madoff makeover - from riches to rags to prison. How else are you going to engender honest business practice and not engender a criminal culture? Responsibility/Accountability.

[-] 1 points by shoozTroll (17632) 1 year ago

It was started in earnest by NIxon over 30 yrs ago.

Of course it's a joke, unless you're one of the losing combatants.

Then you're dead or in jail.

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

Executive Order 12333 (1981) places economic policy under national security. I keep reiterating this and still there is surprise when financial executives seem to have some sort of unspoken immunity. I'm sure this will just float back to the bottom after I receive a few down-votes.

[-] 1 points by gestopomillyy (1695) 1 year ago

I dont see what that has to do with those that are replaced..... and why they cannot be held accountable. that has no bearing whatsoever on the bank. or its finances . why are they allowed to walk free and find other jobs or retire on their millions or otherwise benefit from their criminal actions.

[-] 0 points by richardkentgates (3269) from Fort Walton Beach, FL 1 year ago

When someone asks you to explain the obvious, answers are not what they seek. So my question to you, is why you would post a thread about this hot-button issue then begin working to control the direction of the conversation?

[-] 1 points by gestopomillyy (1695) 1 year ago

you are giving me too much credit. i dont know the answer.

[-] 1 points by OTP (-203) from Tampa, FL 1 year ago

Ill check that out.