HSBC Slammed by US

[Boris Johnson]

[Boris Johnson]

Again, to be super clear.

Find me a major international bank that's not dirty if you scratch enough under the surface and, which could given the legal state of a concept like negligence in self-regulation be fined.

I'll show you my unicorn farm.

So yeah.. when it comes down to something actually done about it. It's entirely a function of political will, and political will is motivated by necessity of controlling the news cycle.

[Dylan]

Oh okay. So your point is that Obama was pulling the strings in 2003 when The investigation of HsBC began and that Obama is in charge of the state justice department in NY?

And your secondary point is that HSBC is dirty but they don't deserve to be investigated because everybody is dirty and so it's unfair to just investigate one bank?

[The Comrade]

to be fair dylan, holy strawman.

[Boris Johnson]

[Dylan]

That scenario is entirely possible. But earlier you stated that this was a PR stunt. Consideration of politics in deciding whether or no to pursue a legitimate investigation does not render the investigation a PR stunt.

What is your point in stating that all banks are corrupt?

Earlier you stated that negligence can be conjured up by regulators "with a quota," implying that HSbC was clean as a whistle. Are you retreating from this? You also stated that

"Its that some of them are realistically too big to not get fooled several times a year, sometimes in big ways by organised crime," again implying they are free from any intentional wrongs. Are we now retreating from this as well?

I don't care that you are impugning obamas motives. You made the point that this is a PR stunt thus political motives are a necessary factor in the discussion. You can't assert that this is a product of political motives and then accuse me of partisanship when I point out the substantial evidence suggesting this is a product of more than political motivation. That is just dumb. And in any event I donated to Romney and voted for nobody. Stop making an ass of yourself.

[Dylan]

A state issue nobody cares about? You know nothing. The NYAG is not to be trifled with and everybody in the industry knows this.

Why do you speak on topics you clearly know nothing about?

[Boris Johnson]

[Dylan]

Dupe

[Dylan]

You seem to lack reading comprehension. Even if politics was a salient factor that doesn't mean HSBC is clean or that it was a PR stunt.

You simply aren't addressing this obvious point. You're being dishonest.