Re:Uber Paid Hackers to Delete Stolen Data on 57M People
by StanislavPetrov on Tuesday November 21, 2017 @08:53PM
(#15753559)
You are confusing profit, earnings, and the amount of money laundered, each of which is distinct and very different.
If you give me a million dollars in counterfeit bills, and I launder them for you, I might get paid only $10,000. My laundering efforts might have cost me $9,000. In this case my profits are $1,000 even though my earnings were $10,000 and I laundered $1,000,000.
I'm not saying that HSBC laundered 19 trillion, but the earnings and/or profits of HSBC have absolutely no relation to the potential amount they laundered.
> 400m dollar fine
> isnt even .01% of what they made
...why even use numbers, a concept literally defined to quantify things, if you're just going to use utterly incorrect ones?
HSBC did not launder trillions of dollars over a decade, that figure is three orders of magnitude too high. HSBC is being fined $1.9B, not $400M.[1] HSBC also did not earn 19 trillion dollars over the course of a decade, which is what would make $1.9B your 0.01% figure. Even a $400M fine would still constitute earnings of $4 trillion.
Not only are your numbers incorrect factually speaking, their relationships with each other are entirely out of whack for measuring HSBC's profit, even in an absurd hypothetical scenario in which HSBC did launder trillions of dollars.
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1. https://www.bloomberg.com/news/articles/2013-07-02/hsbc-judg...