How to run a criminal banking enterprise: STEP1: Make sure you are Too Big To Fail, STEP 2: Be prepared to write huge checks with your shareholder’s money, STEP 3: HIRE FORMER FEDS TO HIGH PROFILE COMPLIANCE POSITIONS!!!!
BTW: Did anyone notice if their status as a Primary Dealer was revoked or suspended?
The laundry of HSBC
This money is clean as can be
Banks criminal ways
Shows that crime always pays
Move along, there is nothing to see
The Limerick King
“Sometimes there’s a bad apple, yet we denigrate the whole.”--Treasury Secretary Jamie "Big Whale" Dimon December 2011
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"Sometimes"?
Oh yes, and there are no rats in the sewer folks!!!
Is it even remotely possible to buy an apple that's not rotten from the fraternity of TBTF banks?