Sustainability and Politics: Standard Chartered Reportedly Deals with Iran! Should Face More than $17 Billion Share Loss

Tuesday, August 7, 2012

Standard Chartered Reportedly Deals with Iran! Should Face More than $17 Billion Share Loss

"HONG KONG/LONDON (Reuters) - The market value of Standard Chartered Plc tumbled as much as $17 billion on Tuesday after New York's bank regulator threatened to tear up its state banking license for allegedly hiding $250 billion in transactions tied to Iran.

The New York State Department of Financial Services (DFS) slammed the London-based but Asia-focused bank as a "rogue institution" that "schemed" with the Iranian government, which is subject to U.S. sanctions over its nuclear program, and hid 60,000 secret transactions to generate hundreds of millions of dollars in fees over nearly 10 years...."

This a most troubling account for the banking industry in serious need of vetting and anti-corruption improvements.

http://mobile.reuters.com/article/idUSBRE8750VM20120807?irpc=932

In June of 1995, Standard Chartered Bank’s general counsel in London sent an email to the bank’s compliance officer that “embraced a framework for regulatory evasion,” according to the case filed on Monday by New York’s top financial regulator.

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I've been thinking some about the Winter Solstice, the Mayan end of the 30,000-year-cycle on 12/21/12.

What if in fact the world did end? Even though this probably will not happen, to live consciously it is honest for us to take a bit of an inventory.

Am I happy with how I've lived my life? (Yesterday, I thought mostly yes, with some areas for improvement, as below.) Are there changes I would make?
Would I have tried to forgive those that were hostile or disappointing to me?
Would I spend more time with those I loved the most, telling them that, feeling that more?
Would I be happier, grateful for what I have, what I've experienced, the joy, the beauty in this world?

Maybe the answer is yes to all of the above.
So this time can serve as a point of rebirth for all of us. If we think about it.

Because somewhere along the line I realized I think maybe mankind deserves it. !
The way we are killing each other, killing the planet.
How selfish we are, and snotty to those around us. Petty, competitive. Why is this? Do we have to behave this way? (I say no, it greatly detracts and misdirects energy from the full-time celebration in which we could engage, the great multi-cultural, multi-rhythmic dance we can sustain here.)

Maybe God or the Great Universe is fed up, and will pull the rug out from under us.
Don't think I can say we could blame Him/Her/It.

But it probably won't happen. (Probably not! This time.)

Still we are finite on this ride.

It is a time to think, am I happy with how I've lived my life?
Hopefully most of us can say yes.

For the part of us that have a little worry, a little sadness....
This is the time to be present.
This is the time to be the person you want to be, that can die at peace, that can hope to every day be able to look yourself and the Universe in the eye and say, how beautiful, smiling, and thank you. Let's do that.