RE: Guzman Escaped
July 14, 2015 at 7:53 am
(This post was last modified: July 14, 2015 at 7:54 am by Nope.)
(July 14, 2015 at 7:39 am)abaris Wrote:(July 13, 2015 at 6:15 pm)Nope Wrote: It might be true that he hurt less people than Wall street. I can't really say about that. However, I like to read the articles on Borderland Beat and the drug cartels are very violent and kill many people who aren't involved in drugs. The drug cartels also involved in trafficking women. It is very sad. I think marijuana legalization in the US would help lessen some of the cartel's power.
It was meant as a sarcastic tongue in cheek comment. But it really makes you think. What's the big difference between these kind of people and the ones gambling away people's life savings and homes? What's the difference between Al Capone and Andrew Carnegie? Both killed to make money. Capone in the streets and Carnegie his factory workers.
Don't forget, American banks have gotten into trouble for laundering money for the same cartels! l.
http://www.theguardian.com/world/2011/ap...drug-gangs
Quote:Criminal proceedings were brought against Wachovia, though not against any individual, but the case never came to court. In March 2010, Wachovia settled the biggest action brought under the US bank secrecy act, through the US district court in Miami. Now that the year's "deferred prosecution" has expired, the bank is in effect in the clear. It paid federal authorities $110m in forfeiture, for allowing transactions later proved to be connected to drug smuggling, and incurred a $50m fine for failing to monitor cash used to ship 22 tons of cocaine.
More shocking, and more important, the bank was sanctioned for failing to apply the proper anti-laundering strictures to the transfer of $378.4bn – a sum equivalent to one-third of Mexico's gross national product – into dollar accounts from so-called casas de cambio (CDCs) in Mexico, currency exchange houses with which the bank did business.
No prison time and no trial, just a big fine that probably won't hurt the bank.