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Economy

Warpy

(111,237 posts)

8. While I agree that it had started offshore, especially in the UK, Germany, Hong Kong, and

Reply to Budi (Reply #7)

Mon Sep 21, 2020, 10:21 PM

Sep 2020

especially Switzerland, with minor activity in the Caribbean it hadn't infected the big banks here as yet. Now they're all dependent on all that easy cash derived from human misery.

I remember hearing about major shananigans with the Vatican and Barclay's and one other bank in the 80s, mostly in the Boston press.

Banking deregulation was why I had no use for Clinton and have little for Biden, but both have been extremely fortunate in their enemies, who are far worse.

So yes, this garbage is longstanding, but the hoariest part is outside the US. We caught up quickly.

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Highlight:

HSBC's share price has fallen to its lowest level since 1995 amid allegations of money laundering. [View all] Warpy Sep 2020 OP

Pretty volatile looking stock chart for a big bank empedocles Sep 2020 #1

... 108 other media partners in 88 countries, spent 16 months organizing and analyzing the documents Budi Sep 2020 #2

Maybe once they do this job they'll get bored and start Warpy Sep 2020 #3

I've actually noticed a lot more references to Panama Papers with the... Budi Sep 2020 #4

I think it really started when Clinton ended Glass-Steagall Warpy Sep 2020 #5

Lots of debate on that. Assumptions have been one or the other with no definative point made. Budi Sep 2020 #6

This FinCen matter began long before President Clinton. Budi Sep 2020 #7

While I agree that it had started offshore, especially in the UK, Germany, Hong Kong, and Warpy Sep 2020 #8