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Forums - Politics Discussion - The bank HSBC has had ties with al Qaeda financers who assisted with 9/11 attack

Kantor said:
richardhutnik said:
Kantor said:

We weren't talking about Madoff. Madoff is a scumbag. Still probably not worthy of the death penalty though, just life imprisonment. If you have the death penalty, you do have to keep it for the most severe crimes (Breivik, Holmes, Bin Laden and so on).

A lot of this seems very vague to me.

What was the nature of these "ties"? Were there senior executives tied to the financiers? Does being tied mean that they would meet up for coffee every week or that they once had a meeting four years ago?

How did the financiers "assist" the terrorists? Did they know what was going to happen? How much money did they provide? Did they have an ideological reason for doing this?

This whole story needs a lot more context.

Bank make money off of activities that led to the 9/11 attack.  They also happened to have made money money laundering for drug lords.  In short, activites that are illegal and immoral contributed to the bottom line.  These activites, which they made money off of, resulted in innocent citizens dying.  Please explain how this equates with shoplifting.  

Those are all things that Al Rajhi did, not HSBC. I don't see why HSBC should be punished for them.

Money laundering:

http://www.dailykos.com/story/2012/08/02/1116067/-HSBC-To-Be-Fined-Billions-Laundered-Money-For-9-11-Attacks

HSBC Holdings Plc (HSBA)’s head of group compliance, David Bagley, told a Senate hearing he will step down amid claims the bank gave terrorists, drug cartels and criminals access to the U.S. financial system by failing to guard against money laundering.

 

Money laundering:

http://money.howstuffworks.com/money-laundering.htm

 

Pretty much making where money come from and goes.  This enables criminal elements to not get caught.