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| Permalink View Article Stats (1 comment) Promoted to Headline (H2) on 6/14/11: Wachovia Launders Drug Money, Fires Whistleblower Quicklink submitted by Josh Mitteldorf (Add your own quicklinks easily with the OpEdNews Quick Link Browser bookmark) |
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| Wachovia Bank laundered almost $400 Billion dollars in Mexican drug money over a 3-year period 2004-2007. For comparison, this is about 1/10 of the national GDP of Mexico for this time period. The bank officer who discovered the money laundering was scolded, disciplined and taken off the case. Eventually, Wachovia paid a minuscule fine - millions, not billions of dollars. Other articles at The Guardian: http://tinyurl.com/4yh7kxb and Gretchen Morgenson's column in the NYTimes: http://tinyurl.com/3d6tu9x Here's a Max Keiser video charging that drug lords triggered the 2007 'liquidity crunch' on Wall St by withdrawing their cash: http://tinyurl.com/44hfzem |
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It was the cash deposited by the drug cartel that enabled
by bogi666 on Wednesday, Jun 15, 2011 at 4:43:37 AM