HSBC has settled with the US Justice department for the sum of $1.9 Billion for over 10 years of money laundering of drug proceeds, in direct violation of US money-laundering regulations.
There are thousands who, as a result of HSBCs actions, are currently or previously in jail - at massive cost to the state.
Executives who were directly involved are having their bonuses deferred or, in some cases, clawed back, despite enabling criminal activity which endangers US citizens.
The rationale for this seems to be that HSBC is too big to jail.
This is ridiculous. These people should be put in irons and sent to jail for the maximum time permissible. They should have their licenses to work in investment revoked. They should face others in jail due to their actions.
Shame on the administration