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BAD BUSINESS: Big Banks Are Knee-Deep in the Dirty Money-Laundering Business


Business  (tags: dishonesty, abuse, corporate, Big Banks, funding terrorism, politics, world, news, society, ethics, law )

Cal
- 434 days ago - alternet.org
U.S. and UK financial firms are pretending they haven't been deeply involved in the dark side of banking.



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Comments

Kit B. (277)
Friday May 3, 2013, 5:06 am

Chase says they didn't fire Sharkey for the reasons she gave, but didn't give adequate reasons why they did. It would seem that when she didn't shut up and go away, they did in fact, retaliate.

I guess as long as there is money for the next election, our law makers are just fine with the banks handling crooked deals. No one is punished for this on the top brackets. No one has faced a criminal court, so we have in effect told them, go ahead do as you please.
 

Kit B. (277)
Friday May 3, 2013, 5:07 am

Good article, Cal, depressing but good reading.
 

Ingo Schreiner (6)
Friday May 3, 2013, 5:25 am
sad to hear
 

John S. (297)
Friday May 3, 2013, 5:37 am
Not surprised, but I have to wonder if it's "the banks" or the banks have some questionable people than have not themselves be rooted out and dismissed.
 

Jennifer C. (172)
Friday May 3, 2013, 6:07 am
Good to know. Thanks for sharing the article.
 

Winn Adams (187)
Friday May 3, 2013, 6:36 am
Thanks for the info.
 

Elizabeth M. (66)
Friday May 3, 2013, 10:09 am
Great article Cal. Noted with thanks.
Seems to me that there have been no top officials of any of these banks facing criminal charges or going to jail, which is just where they belong. It is apparent to me that no one wants to rock the boat! WHY???
 

Malgorzata Zmuda (174)
Friday May 3, 2013, 11:35 am
Wielkie banki zrobiły kryzys na świecie, a same na tym zyskały, coraz większe płace i coraz większe przekręty.
 

Leann Wells Huber (0)
Friday May 3, 2013, 11:41 am
I don't think supposedly upstanding financial institutions should actively engage in criminal enterprises. I believe that when activities of this nature are noted, there should be appropriate repercussions.
 

Birgit W. (140)
Friday May 3, 2013, 12:35 pm
Banks = Criminals (At least for me).
 

Bryna Pizzo (139)
Friday May 3, 2013, 3:30 pm
Thank you! (n, p, t)
 

Carol Dreeszen (366)
Friday May 3, 2013, 8:03 pm
I added an article on quite awhile about this very situation Cal..pretty sad! Thanks!
 

Susanne R. (249)
Friday May 3, 2013, 10:36 pm
I guess foreclosing on loans and tossing homeowners out into the streets wasn't enough for them. They not only got away with the subprime mortgage crisis, but were bailed out by taxpayers to boot!

How do you like this "explanation" of HSBC's many sins?

"HSBC is being held accountable for stunning failures of oversight and worse," said Breuer, "that led the bank to permit narcotics traffickers and others to launder hundreds of millions of dollars through HSBC subsidiaries and to facilitate hundreds of millions more in transactions with sanctioned countries."

Unbelievable! HSBC got a slap on the wrist by having to pay a fine. So what does a Wall Street banker have to do to be charged with a crime? My guess is they'd have to fire their lobbyists because once the flow of cash that helps politicians get elected is cut off, they would no longer have a reason to protect their former benefactors.
 

Arild Warud (158)
Saturday May 4, 2013, 3:19 am
You might call it Bad Business,I'd rather call it Business as usual for Big Banks,they are all driven by Gr$$d.
 

paul m. (93)
Saturday May 4, 2013, 5:15 am

Noted..
 

David Johnson (15)
Saturday May 4, 2013, 7:59 am
As the old saying goes....the more things change, the more they stay the same... and this surprises us how?
Thanks Cal. Noted.
 

Michael Kirkby (83)
Saturday May 4, 2013, 8:05 am
So vhat else new? Posted
 

Lois Jordan (55)
Saturday May 4, 2013, 12:34 pm
Adding my thanks for posting, Cal. All this wonderful info....and no one indicted on criminal charges....yes, depressing! I know the wheels of justice turn slower than a snail, but I still have a bit of hope that justice will be "discovered." I'd rather it be sooner than later.
 

Darren Woolsey (57)
Saturday May 4, 2013, 1:15 pm
Noted, and passing around. This really need sharing worldwide and bringing to the attention of people who can bring about real change. These banks and financial institutions have been getting their own way for far too long, and the rest of our societies and cultures are struggling as a result of the austerity measures imposed because of the negligence of these behemoths.
 

pam w. (191)
Saturday May 4, 2013, 3:38 pm
Is ANYONE surprised about this?
 

Carol H. (229)
Sunday May 5, 2013, 4:44 am
noted and agreed!!! thanks Cal
 

Tim C. (1732)
Tuesday May 7, 2013, 7:31 pm
ty
 

Klaus Peters (9)
Tuesday May 21, 2013, 10:46 am
Banks do anything for the dirty $. Never trust them.
 
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