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Joined 2 years ago
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Cake day: July 1st, 2023

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  • I presume the rationale is that when these claims became public the stock price was adversely impacted meaning public investors during that period lost money. Not all shareholders are wealthy people playing the dips and highs for maximum gains or have any connection to the bank itself. For example some everyday people may have had their modest retirement funds or life savings impacted as some of these investments commonly include bank stocks as they are seen as “safe” and are usually not direct investment decisions that these people make if part of a managed portfolio.

    This is the risk that comes with holding stock directly or indirectly, but for some this not really a “benefit” but an attempt to get back their hard earned money that they tucked away and then lost through no fault of their own. Governments have historically bailed out banks when they are in trouble regardless if caused by the banks actions or not, so I see no reason why a bank should not have to cover people’s losses caused by their corrupt actions through a class action lawsuit.





  • Looking at the Henley index, am I the only one that expected 12th to mean that there were only 11 other passports higher than the US. It is actually tied with Malaysia and has 36 other countries above it. In the Olympics if there were two athletes tied for gold then they both get first place and no second place is awarded, but the Henley list is grouping countries with the same scores but still giving out all sequential positions (first , second, third etc). Surely it can be argued that the US is actually 37th.

    Henley Index

    Edit : This shouldn’t bug me this much but this ranking is misleading. So if next year all the 4th place passports lose access to a place to then equal 5th place, the 5th place passports would be promoted and included with the previous years 4th place passports, and 6th place would change to 5th even though the 6th place passports have technically not changed position.