Comments on: U.S. bank regulator promises better enforcement following scathing congressional report into HSBC AML failures http://blogs.reuters.com/financial-regulatory-forum/2012/07/18/u-s-bank-regulator-promises-better-enforcement-following-scathing-congressional-report-into-hsbc-aml-failures/ Mon, 31 Oct 2016 15:40:16 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: breezinthru http://blogs.reuters.com/financial-regulatory-forum/2012/07/18/u-s-bank-regulator-promises-better-enforcement-following-scathing-congressional-report-into-hsbc-aml-failures/comment-page-1/#comment-13572 Thu, 19 Jul 2012 17:07:42 +0000 http://blogs.reuters.com/financial-regulatory-forum/?p=9360#comment-13572 Congress frequently issues scathing reports and scathing reprimands, engaging in heated questioning and fiery exchanges.

It’s just Congress’s way of opening an escape route for people who should be severely punished, except for the fact the certain people in high places don’t really want to go quite that far. It’a a pathetic substitute for actual consequences and genuine justice that makes it appear to the public that Congress is doing something substantive in response to a particular wrongdoing.

That dearth of real justice is precisely why there is so much wrongdoing in corporate America and so little real representation on behalf of American citizens in DC.

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