- UBS to Pay $1.5 Billion to Settle Libor Charges
- Morgan Stanley Coughs Up $5 Million in Facebook Settlement
- Standard Chartered Bank has agreed to pay $327 million to settle federal and New York charges it laundered money on behalf of four countries that were subject to U.S. economic sanctions from 2001 through 2007.
- HSBC settles US money laundering case for $1.9B
In what way does it really help me? Is this my wish? Am I truly compensated? Looks like the Government is helping the lawyers get their money (pension?). May be some ego/promotion of government official is met...
Tuesday, December 18, 2012
Government Settles on my behalf?
Saturday, December 15, 2012
China subsidy vs US subsidy
The US government complained to ITO and imposed tariffs on Chinese products imported to the US.
The US federal government offers various subsidies, including farm subsidies for goods end up getting exported. Also, various state,county and city governments provide various subsidies like tax holidays, free land to attract large companies to relocate to their region.
Don't understand the logic - other than calling it double standard.