[quote=pri_dk][quote=gandalf][quote=pri_dk]So the Mexican drug cartels have all the pension funds.[/quote]
Setting aside the sarcasm, we have this thing called a ‘Drug War’ and law enforcement routinely seizes assets from drug busts. The FBI runs an investigation a couple of years ago and learns there’s nearly $400 billion dollars worth of cartel drug money getting laundered through Wachovia Bank in the United States. As it turns out, the drug money is the only thing keeping Wachovia solvent. Holy fuck, huh? So the Obama Administration’s DOJ buries the case and settles out of court with a minor fine and no admission of wrongdoing.[/quote]
Setting aside the complete lack of credible source, if one drug cartel is moving $300 billion, then Americans are spending as much on drugs than they are on their homes.
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It actually did happen, although I don’t remember the amount of laundered cash. But “buries the case” isn’t quite accurate. They paid $160 million in fines and forfeitures, the largest ever assessed under the Bank Secrecy Act. The admission of wrongdoing would have been moot since there were no individual criminal charges, and the bank had already been sold almost 2 years before the settlement to Wells Fargo, who immediately ceased doing business with the Mexican exchange houses.
