Monday, August 6, 2012
Banksters caught out
"SCB's London-based Executive Director is reported to have said "you f---ing Americans. Who are you to tell us, the rest of the world, that we're not going to deal with Iranians." (says the Street). Reuters reports: "A Standard Chartered unit conducted more than $250 billion of transactions with Iran-related entities in violation of U.S. anti-money laundering laws and may lose its license to operate in New York State, a state banking regulator said on Monday". It's just another example of the top 1% elite creaming off deals and trousering the cash (but no spare money to lend to FtBs with only 15% deposit).