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by mpweiher 2633 days ago
> There is no such thing as "too large to take on"

Let me get you up to date:

"The deal — four years after the 2008 collapse of Lehman Brothers nearly brought down the financial system — was criticized at the time, raising concerns about whether some banks had grown too big to face criminal indictment."

"Citing anonymous officials close to the case, the New York Times reports that federal prosecutors spent months debating whether to issue criminal indictments for money laundering. Authorities eventually ruled it out as such charges could ultimately cost HSBC its charter to operate in the US, seriously undermining the country’s fragile economic recovery."

https://www.nytimes.com/2017/12/11/business/dealbook/hsbc-us...

1 comments

and the recent snc-lavalin case in canada[0]

[...Quebec Premier François Legault said that SNC-Lavalin was one of ten publicly-traded companies headquartered in Quebec that the province considers to be "strategic" and therefore in need of protection from a takeover that would force the company to leave the province....]

https://en.wikipedia.org/wiki/SNC-Lavalin#SNC-Lavalin_affair...