Monday, December 10, 2012

HSBC Closes Off This One

Okay, HSBC will be paying us $1.9 billion to settle charges that it laundered money and violated our sanctions laws.  But they will still probably show some profit for the year.  What are the chances they will succumb to temptation sometime in the future and do the same thing for the almighty dollar?  If, on the other hand some of the perpetrators actually went to jail, would they be so prone to succumb?

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