Fin24 user Ike Jakson writes:
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.