Frankly they are too afraid of too big to fail institutions.

It has to be realised that many pension funds invest in large companies in addition to Gilts. When a big one goes down the plughole it can have quite a large knock on effect to the general public apart from shareholders. Responsible governments and regulators are aware of all that. As a poster here always reminds us "I think you'll find it isn't as simple as that".

Why are pension funds permitted to invest in companies that commit felonies and must go down the plughole because of it? Shouldn't the pension fund managers be prosecuted for making such investment choices? After all committing a felony isn't an ordinary business risk, it is an overt choice. Where is the due diligence of the fund managers? Dump it like a hot potato the moment this kind of thinking starts in management. Feet to the fire!

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Frankly they are too afraid of too big to fail institutions.

It has to be realised that many pension funds invest in large companies in addition to Gilts. When a big one goes down the plughole it can have quite a large knock on effect to the general public apart from shareholders. Responsible governments and regulators are aware of all that. As a poster here always reminds us "I think you'll find it isn't as simple as that".

Internal emails substantiated the charges and I still want criminal prosecution. Relative to the size of the bank the fines are small. The potential damages to your and my country are criminal felonies and deserve hard time.

Citizens United. By all means put the company in prison. If you or I go to prison they don't let us continue to do business. Same for HSBC. Bankrupt and let the investors fork up the cash for the criminal fine.

Frankly they are too afraid of too big to fail institutions. Well, break them up into chunks. Nothing should ever be allowed to get too big to fail, because it will happen then.

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Internal emails substantiated the charges and I still want criminal prosecution. Relative to the size of the bank the fines are small. The potential damages to your and my country are criminal felonies and deserve hard time.

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See today's fine on HSBC by the Yanks?

Assuming the States regulators can substantiate the accusation, and £1.5 billion fine, then they deserve this outcome.

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It's good to be back amongst friends and colleagues

http://www.foxbusiness.com/business-leaders/2012/12/11/uk-makes-three-arrests-in-libor-probe/?intcmp=obnetwork

Britain's Serious Fraud Office (SFO) has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.

HSBC announced on Tuesday that it had agreed to a record $1.92 billion settlement with authorities. It seems no criminal charges will follow for the admitted money laundering. A few of years of incarceration would also be appropriate.

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http://www.foxbusiness.com/business-leaders/2012/12/11/uk-makes-three-arrests-in-libor-probe/?intcmp=obnetwork

Britain's Serious Fraud Office (SFO) has made the first arrests as part of a global investigation into the manipulation of interbank lending rates.

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Another rogue trader found guilty

I wonder. Was he really a "Rogue Trader" or just the scapegoat for when the bank bet on heads but flipped tails ?

If they had won the $2.3bn instead of losing it would he have still been crucified ?

T.A.

Another reason to reign in the bonus culture.....

Another rogue trader found guilty

Ah not to worry, the banks will just put their charges up to recover their losses.......

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Wanna be a criminal & make crime pay?

Top 2 positions of 50.....

At No 2: - Become a politician

At No 1: - Become a banker, then you can do this & make Loadsa Moneeeee

HSBC - The Criminals No 1 Bank

A comment from the article says it all.....

"Banks have to vet their customers yet governments can do business with anyone? its hypocracy not to mention the billions HMRC has written off for some of the worlds biggest companies because they bought them dinner"

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Oh dear, Profit margin was too low

Can we claim Diamond's payoff back then?

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Inside the life of a banker

He ain't telling us nowt that we don't already know here. Muppets, the only
Muppets left now are going to be those who shell-out and buy his book.
Bankers, football players all the same and both have a ball in common.
One lot have a ball, the other lot know how to play with it.

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The Kite Fliers

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Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Oh boy, twice in one week! Gotta make sure I do the lottery tomorrow as every thing nice comes in 3's :)

Inside the life of a banker

"Mr Smith resigned in March in a resignation letter which was published in the New York Times and made the explosive claims that senior staff called their clients 'muppets.'"

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Up this without a paddle......

Ol' Man River

....
....and in a leaky boat too...

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Up this without a paddle......

Ol' Man River

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Oh dear, just what we didn't need to know.....

Worse to come?

If there's still questions regarding bank solvency in the UK then just how
bad a state are the Europeans ones in...let me guess?....Oh dear, I can't use this
nondescript word here...even uncle Sirius wouldn't dare use it...so best I
don't use it then? So lets just say their up the Swanee!!

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.

Oh dear, just what we didn't need to know.....

Worse to come?

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The "Special Relationship" at work: - Thank you US for backing up the UK!

Tucker warns of an "Uncontainable Backlash"

"Both Mr Tucker and Thomas Hoenig, a director of US regulator the Federal Deposit Insurance Corporation, hit back at the claims.

Mr Hoenig said controls over bank structures, such as ringfencing, were vital. “We will have a crisis in the future. And the simpler the structure the better chance we have of managing that crisis and so we don’t have a global meltdown like we just experienced,” he said."

Well stated Mr Hoenig

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More damning evidence of incompetence....

Turner calls for unconventional policies

"The financial crisis of 2008 was "not a bolt from the blue," he said.

It arose from poor supervision, from bad rules and structures, from dangerous cultures - and the errors were made by regulators, economists, central bankers and public policy makers, as well as bankers themselves."

Nothing new then from the "Last Gasp Saloon".

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Well, it's a start, but can it be truly enforced?

Libor riggers should be prosecuted

"In a stinging criticism of the BBA, Mr Wheatley said it was "careless" in its approach to policing Libor and put too much trust in a system that "did not have the right level of checks and balances in place".

Martin Wheatley: System built on "flawed incentives, incompetence and the pursuit of narrow interests"...
...So we know where the Libor lot got this trait from...studying politicians
for their past-masters at this...Politicians, a bastion of incompetence.

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The Kite Fliers

--------------------
Kite fliers: An imaginary club of solo members, those who don't yet
belong to a formal team so "fly their own kites" - as the saying goes.