HSBC to announce bonuses totaling $4 billion: report

Comments (10)
carnivalchaos wrote:

HSBC’s top officials get, for one year, bonuses most people won’t see in a lifetime while cutting 12,000 jobs. Rewarded for ruining people’s lives. Where are our priorities? We see the same nonsense here in the States. We need to put an end to this. This kind of “capitalism” doesn’t work.

Feb 22, 2014 10:23am EST  --  Report as abuse
CMEBARK wrote:

Simply business as usual.

Feb 22, 2014 12:18pm EST  --  Report as abuse
stambo2001 wrote:

What a sick joke. This bank, and many others over the years, have made billions of dollars from money laundering. From crime. The higher up the ladder you go, the further into the pit of decadence you find yourself.

Feb 22, 2014 12:22pm EST  --  Report as abuse
stambo2001 wrote:

“Federal and state authorities have chosen not to indict HSBC, the London-based bank, on charges of vast and prolonged money laundering, for fear that criminal prosecution would topple the bank and, in the process, endanger the financial system.”

Let that sink in. Let it sink in deep. The financial system is so dependent on illicit funds they cannot prosecute or the system will fall. The financial system is so dependent on crime and decadence that legal prosecution would collapse the entire system. THAT tells you it’s over. This is not a free system. This economic system is a crime.

Feb 22, 2014 12:27pm EST  --  Report as abuse
stambo2001 wrote:

If a private citizen makes any profit from ‘crime’ the government will take it all as ‘proceeds of crime’. If an, uhum, ‘prestigious’ bank gets caught laundering billions of dollars….nothing. No prosecutions. No seizures of property. Nope. Just a wee joke of a ‘fine’. Our system is perverse. Our system has no justice. our system need to go.

Feb 22, 2014 12:31pm EST  --  Report as abuse
SamHist wrote:

HSBC admitted to money laundering and paid a hefty fine few months ago. Today it announced a hefty profit and a $4 billion bonus payment to its senior staff.
Makes one wonder…? I am glad I am have stopped using their banking service.

Feb 22, 2014 12:40pm EST  --  Report as abuse
SamHist wrote:

HSBC admitted to money laundering and paid a hefty fine few months ago. Today it announced a hefty profit and a $4 billion bonus payment to its senior staff.
Makes one wonder…? I am glad I am have stopped using their banking service.

Feb 22, 2014 12:40pm EST  --  Report as abuse
OilPatch101 wrote:

Hey everyone wants; a home with no mortgage, a car, the ability to provide food and sustenance, a retreat go away with friends and family…. and some want a lot more.

How many millions does one need to reach those goals? After that the excess just sits in the bank or is invested.

The world is skewed, I would not be surprised if someday this all comes crashing down.

Feb 22, 2014 2:23pm EST  --  Report as abuse

The bonuses for cartel members at Heroin Sellers/Buyers Club(HSBC)is in line with the 95% rise of opium production in Afghanistan since the US led invasion- with coalition forces of course- took over that theater of “operations.” Laundering money for the worlds biggest drug syndicates while processing terrorist nations ill-gotten war profits isn’t easy. They have to stay a step ahead of “investigators” while maintaining plausible deniability that accepting literally purpose built boxes of cash from “depositors” is a difficult and demanding job. You have to throw “law enforcement” a bone like Guzman now & then or throw someone out a window sometimes sure, but that’s the cost of doing business. You try lying to your spouse and children about what you actually do day to day as a high level bankster and tell me you don’t deserve an obscene payoff.
The 99% just doesn’t get it. Things are tough out there with people blowing whistles and speaking up for democratic processes.
but hey don’t take my word for all this, read Rolling Stone editor Matt Taibbi’s article in the Feb.2013 issue on HSBC money laundering and how former US Attorney Gen. Lackey Brauer gave the bank execs a walk paying only a tiny fraction of their profits in “fines.”
So if you still have straps on your boots pull’em up & quit whining, Wall St. is now only getting $65 Billion, yes- billion per month so they can do stuff us regular people can’t understand like engineer complex financial instruments that help people do stuff.
Finally, I recommend reading JFK’s,”Remarks for the Trade Mart”,he was scheduled to give in Dallas, TX on Nov. 22, 1963. The next time you have a bad day at work, think about that, if you’re still workin.

Feb 22, 2014 3:23pm EST  --  Report as abuse

The bonuses for cartel members at Heroin Sellers/Buyers Club(HSBC)is in line with the 95% rise of opium production in Afghanistan since the US led invasion- with coalition forces of course- took over that theater of “operations.” Laundering money for the worlds biggest drug syndicates while processing terrorist nations ill-gotten war profits isn’t easy. They have to stay a step ahead of “investigators” while maintaining plausible deniability that accepting literally purpose built boxes of cash from “depositors” is a difficult and demanding job. You have to throw “law enforcement” a bone like Guzman now & then or throw someone out a window sometimes sure, but that’s the cost of doing business. You try lying to your spouse and children about what you actually do day to day as a high level bankster and tell me you don’t deserve an obscene payoff.
The 99% just doesn’t get it. Things are tough out there with people blowing whistles and speaking up for democratic processes.
but hey don’t take my word for all this, read Rolling Stone editor Matt Taibbi’s article in the Feb.2013 issue on HSBC money laundering and how former US Attorney Gen. Lackey Brauer gave the bank execs a walk paying only a tiny fraction of their profits in “fines.”
So if you still have straps on your boots pull’em up & quit whining, Wall St. is now only getting $65 Billion, yes- billion per month so they can do stuff us regular people can’t understand like engineer complex financial instruments that help people do stuff.
Finally, I recommend reading JFK’s,”Remarks for the Trade Mart”,he was scheduled to give in Dallas, TX on Nov. 22, 1963. The next time you have a bad day at work, think about that, if you’re still workin.

Feb 22, 2014 3:23pm EST  --  Report as abuse
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