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(visit the link for the full news article)
We are talking about a third of a TRILLION,(thats right 350,000,000,000 $ !!!!
This is on Wachovia alone....
A must read oif you are interested in corporate criminality, and how it effects us far more than we realise.
These two banks and others, are doing business with pretty reprehensible characters, and are guilty of such blatantly hypocritical actions it calls our entire banking practices into question....
What did these corporations ever do that they are allowed virtually free reign ?
Originally posted by Illusionsaregrander
Laws are for the little people. The truth is, if you can break the law in a big way, (make enough money to buy influence) you can legitimize anything. Murder. Drugs. Theft. Genocide.
As long as your crimes are directed at the innocent, and not at other criminals who can also buy influence and legitimize their crimes. That, might get you in trouble.
Google Video Link
Originally posted by Desolate Cancer
Seriously though drugs should be legal like tobacco and Alcohol so dont hold it against them to much.
Originally posted by CookieMonster09
I guess one of the main questions that needs to be asked is how much of this money is being funneled unknowingly, and how much is being funneled knowingly. What do I mean by this?
If you wire funds from your local bank down to Mexico, does that necessarily constitute a drug transaction? Maybe, maybe not. It should, however, raise suspicions and red flags. The bank doesn't know if you're simply wiring money to your family for food, or whether you are wiring money to a drug lord.
If the bank is turning a blind eye to criminality, that's one thing. And, while it's not good, that doesn't make the bank a conspirator, but simply an unaware accomplice to the crime.
The bank, to a degree, is caught in a bind of sorts. If it is too intrusive, it will lose customers. No bank customer wants to be harassed. If it is not intrusive enough, then it turns a blind eye to criminality. Fine line.