Comments on: Counterparties: Sandy beached http://blogs.reuters.com/felix-salmon/2012/07/30/counterparties-sandy-beached/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: MrRFox http://blogs.reuters.com/felix-salmon/2012/07/30/counterparties-sandy-beached/comment-page-1/#comment-42151 Tue, 31 Jul 2012 13:21:21 +0000 http://blogs.reuters.com/felix-salmon/?p=16651#comment-42151 About this –

“Mistakes Were Made
“We apologize”: HSBC sets aside $2 billion for failure to stop money laundering – FT”

No – can’t read it (paywall) and don’t need to. HSBC was a full-fledged, willing, knowing participant in an ongoing criminal enterprise; one operated by some of the most murderous thugs on Earth. That is orders of magnitude more damnable than “failure to stop money laundering”.

Why does Felix not pursue this matter, which is a far worse offense than anything involving Libor or The Whale? Why the softball favoritism toward HSBC, buckos?

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