Money Laundering HSBC Fined $1.9 Billion: HSBC Profited $22 Billion in 2011

[Octafish]

2. That really is the take-away.

Neil Barofsky agrees with us, valerief.

Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard

Linette Lopez
Business Insider, Aug. 1, 2012, 2:57 PM

Neil Barofsky was the Inspector General for TARP, and just wrote a book about his time in D.C. called Bailout: An Insider Account of How Washington Abandoned Main Street While Rescuing Wall Street.

SNIP...

Bottom line: Barofsky said the incentive structure in our nation's capitol is all wrong. There's a revolving door between bureaucrats in Washington and Wall Street banks, and politicians just want to keep their jobs.

For regulators it's something like this:

[font size="3"][font color="green"]"You can play ball and good things can happen to you get a big pot of gold at the end of the Wall Street rainbow or you can do your job be aggressive and face personal ruin...We really need to rethink how we govern and how regulate," Barofsky said.[/font color][/font size]

CONTINUED... http://www.businessinsider.com/neil-barofsky-2012-8

"Integrity is for paupers." -- traditional saying, ABCNNBCBSFixedNoiseNutworks