Seeking Alpha

Standard Chartered (SCBFF.PK) isn't the only one surprised by New York's publication of the Iran...

Standard Chartered (SCBFF.PK) isn't the only one surprised by New York's publication of the Iran allegations - the Fed, DOJ and the Treasury are too. They're also probing the bank and some reportedly aren't happy with New York, which grew impatient with the inaction of the others. StanChart might have to pay up to $700M to settle.
From other sites
Comments (3)
  • 867046
    , contributor
    Comments (398) | Send Message
    I could see the Feds being upset if they were trying to flesh out some Iranian money laundering network and NY decided to go the hotdog route.


    British indignation at being caught sailing too close to the wind is a bit rich. Obviously on the British end someone made a political/business cost benefit decision on moving money for the Iranians and now they have to man up and accept the consequences. In particular the "It was only $14 million" argument seems especially lame given the grisly nature of the Iranian regime and the fact that American and British troops were up against Iranian auxilarys and their IED's in Iraq.
    8 Aug 2012, 07:07 AM Reply Like
  • theonlyone76
    , contributor
    Comments (9) | Send Message
    Go listen to Osama's comments. He was pissed off that the US was interferring in Afganistan before the towers fell. We have killed millions of innocent children and women in Afganistan before the war on terror was even started. Except the media doesn't tell you that. They tell you that their bad and were good. Check your facts! He blew up the towers to send a message and in the end, it hurt the US way more than he imagined. We have lost all liberty and will become permanent slaves of the state!
    8 Aug 2012, 08:08 AM Reply Like
  • 867046
    , contributor
    Comments (398) | Send Message
    "Defense Secretary Robert M. Gates bluntly told an audience of West Point cadets on Friday that it would be unwise for the United States to ever fight another war like Iraq or Afghanistan, and that the chances of carrying out a change of government in that fashion again were slim.


    “In my opinion, any future defense secretary who advises the president to again send a big American land army into Asia or into the Middle East or Africa should ‘have his head examined,’ as General MacArthur so delicately put it,” Mr. Gates told an assembly of Army cadets here. "
    8 Aug 2012, 08:16 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs