Re: The joy of Democracy

Lawrence D'Oliveiro <ldo@nz.invalid> writes:

Part of what makes life so miserable in Mexico, Central America, Haiti and
such is the gangs with the guns. Where do they get so many guns, so
cheaply, from? Smuggled from the USA, of course.
>
The USA makes a big deal of wanting to close its borders to illegal
migrants coming in, but when it comes to stopping illegal guns getting
out, suddenly they’re not so keen.

after "too-big-to-fail" were determined "too-big-to-prosecute" and
"too-big-to-jail" for their major role in economic mess after the turn
of the century ... they were also found to have been "money laundering"
for drug cartels (which was enabling cartels to acquire military grade
equipment and responsible for big uptic in violance on both sides of the
border) ... and settled with (repeated) cases of "deferred prosecution"
https://en.wikipedia.org/wiki/Deferred_prosecution

in theory they promise to stop doing it ... but if they were found to
continue ... they would be prosecuted ... but in fact, several TBTF
multiple money laudering cases were settled with repeated "deferred
prosecution" (as if previous cases had never existed).

How a big US bank laundered billions from Mexico's murderous drug gangs
https://www.theguardian.com/world/2011/apr/03/us-bank-mexico-drug-gangs
Are some banks too big to jail?
https://www.bbc.com/news/business-20757032
Banks Financing Mexico Gangs Admitted in Wells Fargo Deal
https://www.bloomberg.com/news/articles/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal
Wall Street Is Laundering Drug Money And Getting Away With It
http://www.huffingtonpost.com/zach-carter/megabanks-are-laundering_b_645885.html?show_comment_id=53702542
Money Laundering and the Global Drug Trade are Fueled by the
Capitalist Elites
http://dandelionsalad.wordpress.com/2010/07/23/money-laundering-and-the-global-drug-trade-are-fueled-by-the-capitalist-elites-by-tom-burghardt/
Money Laundering and the Global Drug Trade are Fueled by the
Capitalist Elites
http://www.globalresearch.ca/index.php?context=va&aid=20210
The Banksters Laundered Mexican Cartel Drug Money
http://www.economicpopulist.org/content/banksters-laundered-mexican-cartel-drug-money

... a couple more gone 404, but still at wayback machine:

Too Big to Jail - How Big Banks Are Turning Mexico Into Colombia
https://web.archive.org/web/20100808141220/http://www.taipanpublishinggroup.com/tpg/taipan-daily/taipan-daily-080410.html
Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal
https://web.archive.org/web/20100701122035/http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2010/06/28/bloomberg1376-L4QPS90UQVI901-6UNA840IM91QJGPBLBFL79TRP1.DTL

... and has continued

HSBC moved vast sums of dirty money after paying record laundering
fine. FinCEN Files probe reveals Europe's biggest bank aided
massive Ponzi scheme while on probation over ties to drug kingpins.
https://www.icij.org/investigations/fincen-files/hsbc-moved-vast-sums-of-dirty-money-after-paying-record-laundering-fine/
Global banks defy U.S. crackdowns by serving oligarchs, criminals and
terrorists. The FinCEN Files show trillions in tainted dollars flow
freely through major banks, swamping a broken enforcement system.
https://www.icij.org/investigations/fincen-files/global-banks-defy-u-s-crackdowns-by-serving-oligarchs-criminals-and-terrorists/

--
virtualization experience starting Jan1968, online at home since Mar1970