Monday, August 6, 2012

Banksters caught out

StanChart discussing sanctions compliance with U.S

"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).

Posted by alan @ 05:52 PM (1543 views)
Please complete the required fields.



5 thoughts on “Banksters caught out

  • Good on them it’s about time us Brits stood up to US hegemoney.

    Reply
    Please complete the required fields.



  • general congreve says:

    @1 – Here, here. I hate banksters but they’ve done alright with this one.

    Oh look, suddenly they’re on the hook for Libor fixing 😮

    Reply
    Please complete the required fields.



  • mark wadsworth says:

    I’m with Vin Rouge on this one, who cares what American laws say? Why on earth is it their business if a UK-headquartered but actually Asian bank deal with Iran? See also: Gary McKinnon, NatWest three, that old guy with the batteries etc.

    Reply
    Please complete the required fields.



  • general congreve says:

    @4 – I have had my own tangle with the US poking their nose in others business. Several years ago, a couple of years after 911 in Cape Town, I went to pick up some money that had been wired by my company, money I needed to do my job that week. When I got to the place, gave them the details and my passport, they flat refused to speak to me. I went and phoned the office, they looked into it and it turned out money wire place had confused me with some international money launderer, due to info from the yanks.

    Thanks to those f4cking yanks I had two days of hassle sorting it out, trudging back and forth to my hotel in the boiling sun, when I should have been drinking in the bar. All because the US want to be able to a support terrorist state and steal resources. So they restrict the world from living freely so they can track the passage of money that might be used to give them the bloody nose they deserve for their bully boy antics.

    SCB’s director is right on, F4ck ’em!

    Reply
    Please complete the required fields.



  • The americans will get they well over due come-up-ance. The chinese are building bi-directional currency transactions to cut out the dollar all over the world, while the americans are spuncking trillions in deficit spending each year. at some point, could be years away, the safe haven flows into the dollar will reverse and there will be a new reserve currency(ies).

    Also interesting to note there are many anecdotal reports china is amassing 100s of tonnes of gold each year, through direct purchase via HK, and being the world largest gold miner. Maybe a more direct attack on the dollar may come soon via a renminbi backed by gold, though i can’t see the chinese be so antagonistic.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>