Originally Posted by Henry:
Originally Posted by TK:
I listen to PBS actively and I take them much more seriously than fringes in the conspiracy theory mill. They could not build a case against HSBC CEO and senior managers so they extracted a fine, some say small, and HSBC will suffer a reputational damage. That seems to be the consensus among reasonable folks on PBS. You are free to take your daily dose of conspiracies.
Meanwhile...
Not everyone agrees that the settlement was tough punishment that fit the crime. Rolling Stone's Matt Taibbi asked "Are you ****ing kidding me? That's the punishment?" A New York Times editorial, in more Gray Lady-like language, called the settlement "a dark day for the rule of law." "When prosecutors choose not to prosecute to the full extent of the law in a case as egregious as this," the editorial said, "the law itself is diminished. The deterrence that comes from the threat of criminal prosecution is weakened, if not lost." Even the Economist asked "Has a handful of banks become not too big to fail, but too big to jail?"
--Congressman Brad Miller, North Carolina
Henry I am glad to see you are publishing normal viewpoints and not some conspiracy theories. Keep it up!