Bill Black: Federal regulators remain the leading opponents of vigorous prosecutions
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BNP Paribas Fine Shows Financial Crime Still Pays Big Time
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vintage stereo says
October 10, 2015 at 2:02 AMEurope gave america it's power after ww2, nixon made that power bigger with the petrol dollar and now america is so strong it is bully ever country, person ore institution who do not follow american rules. Europe can also take that power back because without the petrol dollar america will loose its power fast. Every country with to much power will behave like america, it's something what humans have, it's our deep laying instinct, we can't help it. The most integer person will change in a bully once he have that power. In the past the church had about the same power as america have now, we all know how bad the church behaviour was. the church collect heavy taxes when they where in power and everybody who was against them ore did not believe, ended dead, in prison ore pyre. I hope that after the global reset there will be not 1 institution ore country which so much power. I think everybody learned from this big european mistake to give america all this power. Meanwhile president Hollande is looking for action against America and already shouting to undermine the petrol dollar. This sound small but at the same moment Angela Merkel is also very angry on america for the german who spied for America about the german nsa rapport. when germany and france draw one line in undermining the petrol dollar together the will have complete europe with them in no time…..
vintage stereo says
October 10, 2015 at 2:47 AMfraud in the eyes of america yes. america also want to stop france delivering the 2 warships to russia. American sanctions are ridiculous. Cuba is an example, another where the sanctions on iraq in 1996 and because of that over 500.000 children died but according madeleine allbright when she was asked if. the sanctions where worth it she said the price was worth it. I think every country have to make their own decisions and stop listening what america wants. Happy to see frenck prime minister strike back, and will stop paying in dollars for oil. The first european minister with balls…more will follow.
Adam Coleman says
October 10, 2015 at 2:51 AMNothing will change until the rat bastards start seeing confined spaces for decades. I assure you when that starts happening, they will all change their evil, corrupt and dastardly behavior(s)
Al Bee (Carfree) says
October 10, 2015 at 3:19 AMqwerty123456 says
October 10, 2015 at 3:56 AMBNP Paribas got fined because they were brokering the deal between Russia and French defence companies that were selling warships to russia.
Vierotchka says
October 10, 2015 at 4:17 AMThe US unilaterally instigates sanctions. Non-US banks outside of the US have a right to do business with whomever they want, the US does not have jurisdiction over other countries. So, these fines are illegal and foreign banks should not pay them. As for "blood on their hands", it is the US which has the most blood on its hands.
Kafka Dev says
October 10, 2015 at 4:49 AMPlus they were breaking US sanctions.. you know drug lords is slap on the wrist but trading with Cuba? oh that's death sentences.
Barticus Maximus says
October 10, 2015 at 5:00 AMBNP fine has everything to do with dealings with Iran and French warship sale to Russia. That will be all.
intergalactical dustman (choose peace) says
October 10, 2015 at 5:14 AMPaul Bennett says
October 10, 2015 at 5:47 AMBill Black on Real News: #BNPParibas Fine Shows Financial Crime Still Pays — http://www.nakedcapitalism.com/2014/07/bill-black-real-news-bnp-paribas-fine-shows-financial-crime-still-pays.html
This Real News Network interview with Bill Black provides a good high-level overview of what is right and (mainly) wrong with the $8.9 billion settlement with BNP Paribas over money-laundering charges.
#TBTF4EVA
Black stresses that financial crime remains a very attractive activity for both the enterprise and its employees. As usual, no executives were charged or even fined, although thanks to the intervention of New York financial services superintendent Benjamin Lawsky, eleven employees of the French bank lost their jobs.
Occupy The Polls says
October 10, 2015 at 6:35 AMBill Black on Real News: #BNPParibas Fine Shows Financial Crime Still Pays — http://www.nakedcapitalism.com/2014/07/bill-black-real-news-bnp-paribas-fine-shows-financial-crime-still-pays.html
This Real News Network interview with Bill Black provides a good high-level overview of what is right and (mainly) wrong with the $8.9 billion settlement with BNP Paribas over money-laundering charges.
#TBTF4EVA
Black stresses that financial crime remains a very attractive activity for both the enterprise and its employees. As usual, no executives were charged or even fined, although thanks to the intervention of New York financial services superintendent Benjamin Lawsky, eleven employees of the French bank lost their jobs.