From HuffPo: One of the great things about being too big to fail is that
you're also too big to jail, apparently.
So saith the Obama administration, via the New York Times, in its
front-page story on Tuesday about HSBC's settlement with the government over
money-laundering charges. Though the British banking giant had to pay a
wrist-stinging $1.9 billion, the settlement helped it avoid formal criminal
charges. The NYT quotes anonymous government officials who say they were
skittish about indicting HSBC because formal charges would amount to a
"death penalty" for the bank, potentially roiling the financial
system…..
Wait, wait....there's much, much more at http://www.huffingtonpost.com/2012/12/11/hsbc-too-big-to-jail_n_2279439.html?utm_hp_ref=business
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