It's all too easy

THIS article headline jumped out at me from the Fin24 front page.

StanChart in $340m Iran settlement

Standard Chartered will pay $340m to New York's bank regulator over transactions linked to Iran, in a speedily arranged deal likely to cheer its shareholders.

StanChart CEO takes charge of Iran talks

Cover-up, not Iran, may nail StanChart

StanChart attack 'a US conspiracy'

What was the whole deal? Guess $340m times 10, giving you over $3bn; or add two more zeros for over $3 trillion.  Be my guest.

Now just think about it; it’s all over in days. Money flashes over the internet in milliseconds.

However, think about the logistics for the “crime” and the hardware required to move the bounty for which the little fine is offered to squash prosecution for the crime.

A last question, please?  Why don’t we hear a word from Russia and China?  Well, their minds may perhaps be occupied elsewhere.

Maybe they are thinking how long America can survive a free internet, or maybe even where to hoist their flags when they drop over to announce for the world to see the expansion of their property.

* Get published! Send your money woes and joys to Editor@Fin24.

Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent the views of Fin24.

Fin24 reserves the right to obtain service providers' comments before publishing any articles or letters. Fin24 editors also reserve the right to edit or delete any and all user comments received.

NEXT ON FIN24X

My attempts to become an entrepreneur

2013-05-22 12:36