Well, could this be the revenge that victims of Madoff and ALL the banks have waited for and deserve, and which THE WORLD NEEDS. Fraud, crime, corruption and wrong-doing MUST NOT GO UNPUNISHED. Why not? This is not just a moral stand of course. x% of people are by nature dishonest and/or criminals; y% are the complete opposite, but in the middle are 100-(x+y)% who will “go with the flow”. If they see fraud go unpunished, they will shrug their shoulders and say: “If you can’t beat ’em, join them”, and soon we are living in a banana republic, or if freezing cold, Russia.
This negligeance and in effect fraud – if proven – is SO appalling that if HSBC are guilty, a FINE is NOT ENOUGH. They must have their licence to bank WITHDRAWN. This would send a message that even fat, greedy bankers could not ignore.
Will it happen? Ya veremos, but I’m not staking my mortgage on it.