“In the deferred prosecution agreement, or DPA, HSBC agreed to pay $1.9 billion in fines and make structural changes as a condition of not pressing criminal charges.”
We need to see what ‘structural changes’ have been made. Like favorable loans to Politicians? Donations to Progressive political groups? Cushy executive jobs for ex-politicians?
Then there is the allocation of the $1.9B fine. Is it already considered appropriated and therefore can be spent on anything the Administration wants?
That 1.9 billion dollar fine would’ve been much better used giving some interest on savings accounts. Thus money going back in forth in shady deals between the gov and banks doesn’t help us little folk at all.