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Drug War Profiteers: Book Exposes How Wachovia Bank Laundered Millions for Mexican Cartels

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XanaDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:31 PM
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Drug War Profiteers: Book Exposes How Wachovia Bank Laundered Millions for Mexican Cartels
As protests continue against Wall Street and the nations biggest banks, we speak to British journalist Ed Vulliamy, author of "Amexica: War Along the Borderline." Vulliamy exposes how one bank, Wachovia, made millions in the Mexican drug war. At the time, Wachovia was the nations fourth-largest bank. It has since been taken over by Wells Fargo. "You cant drive around Mexico with hundreds of billions of dollars in cash in a semi-artic truck. It has to be banked," Vulliamy said. "What I found was that it is coming into the United States, into the banking system."

http://www.democracynow.org/2011/10/27/drug_war_profite...
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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:32 PM
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1. That should be a federal crime...nt
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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:35 PM
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2. It is if you're part of the 99%...
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City Lights Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 06:29 PM
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6. !
:thumbsup:
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Aerows Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:38 PM
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3. I'm not surprised in the slightest
A huge part of the war on drugs is all about money. So who is going to be charged for these crimes?
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:46 PM
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4. why do you think drugs are illegal? Money laundering is the best way for banks to make money:
if you make a legal deposit, the bank normally (at least until very recently) had to pay you interest.

If you make an illegal deposit, you have to pay the bank interest. And unlike interest they get on loans, it's all upfront.
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Initech Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Oct-27-11 05:52 PM
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5. It's official: the real cause of terror in the world? US corporations!!
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