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Posts Tagged ‘Matt Taibbi in UBS’

Taibbi on HSBC: Blood Money

Posted by Larry Doyle on February 15th, 2013 7:22 AM |

There are few writers today who hit as hard as Rolling Stones’ Matt Taibbi. That is a good thing for those who actually care about free market capitalism, let alone a sense of moral decency.

Two months ago, the European based bank HSBC was hit with a $1.9 BILLION fine for allowing — if not promoting — its operations to be used as little more than a laundromat by a host of very unsavory characters for a protracted period. Huge story, right? RIGHT!

Where are the major media outlets to dig in, unearth the dirt, clean out the residue in this laundromat, and bring the unbridled truth to the public? I will tell you where the media is: in the tank.

Leave it to Taibbi to make the contacts and expose the dirt, the grime, and the blood that was (is?) HSBC. In a Sense on Cents classic, Taibbi writes>>>>>>>>> (more…)






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