Laundromat Lies

A2Z-2013-BADGE-001Small_zps669396f9war-on-drugsPLEASE……stop insulting our intelligence by calling them “Bankers.” Let’s rip the Band-Aid off and call them what they really are; DRUG DEALERS!

I will TRY to keep this short. I will leave a few morsels to help you on your way;

  1. Bank Secrecy Act of 1970. The backbone of this act states that deposits of $10,000 or more must be reported, and tracked as they may signify money laundering, tax evasion, or other criminal activities. $10,000??? To me, that’s a lot of money. To drug traffickers, that’s the spare change that drops between their seats of the drive through window at the Four Seasons (hey, maybe there’s no such thing, but for the poetic license of this story, I can’t have the criminals going to McDonald’s!).
  2. The largest bank in Europe, HSBC recently paid a $1.9 billion dollar fine for its involvement of laundering money through U.S. banks that is tied to Mexican, and Colombian drug cartels, “rogue” nations such as Iran, Burma, and North Korea, as well as terrorist organizations in the Middle East. While nobody got fired, nobody went to jail, it was said that senior personnel responsible were “forced” to defer their bonus payments for a “little while.”The bank paid a $1.9 billion fine; is there any doubt the bank made 20 times that in profit, even after they paid out the wrist slap….ooopps I mean serious fine?
  3. Then there is Citibank; the largest bank in the United States. How about this little gem brought to us by James Petras about Citibank’s laundering of Raul Salinas (brother of Mexico’s ex-President) $200 million account. When Salinas was arrested and his large-scale theft of government funds was exposed, his private bank manager at Citibank, Amy Elliott told her colleagues that “this goes in at the very, very top of the corporation, this was known…on the very top. We are little pawns in this whole thing.”

When you have time, please read the two stories linked above. When you do, you will know my sadness, disappointment, anger, and helpless dismay each time I hear the three phrases constantly floating around the United States;

“The war on drugs.”

“The war on terror.”

“The needed war against Iran.” 

One thought on “Laundromat Lies

  1. My acid test for every sales pitch a politician or journalist tries to fly past me: Follow the money. Wherever you find the biggest pile, that’s where you’ll find the biggest crooks. Drug dealers indeed.


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