Who would have thought HSBC would be the entity to test American resolve regarding sanctions? This is a big deal.
@Galrahn It's another wrist slap. If I were indicted for material support, I'd point to HSBC example and claim selective prosecution.
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@emptywheel@Galrahn HSBC arguably the slimiest bank on the planet. At these penalty rates, they can continue to be, indefinately. -
@Casual_Obs@emptywheel scary when the flagship POTUS diplomatic policy gets punked like this by HSBC and he ignores it. Invites problems. -
@Galrahn@Casual_Obs Or rather, given choice bet flagship policy banks can't be held accountable & policy to cut off $$, banks won out.
End of conversation
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