Sign up FAST! Login

Is HSBC Really ‘Too Big to Jail’? | The Exchange - Yahoo! Finance

Stashed in:

To save this post, select a stash from drop-down menu or type in a new one:

In December, HSBC (HBC) admitted to money laundering violations covering $200 trillion worth of transactions involving Mexican and Columbian drug cartels, groups allegedly aligned with terrorist organizations, sanctioned nations and others. 

$200 trillion worth of transactions is very big.

But no one should be too big for the laws to apply.

well the truth is if hsbc was grounded with it, this will make a very unstable situation within the economy so there are so many things to consider around this case

That's a good point. What do you think should be done about it?

Lets just pass it by and stash all the money $_$ 

$200 trillion could solve a lot of debt problems, no doubt.

You May Also Like: