Relevant:
- Acapulco Drug Gangs Making Sare's $1.4 Million Condos Hard Sell: Mortgages
- Subprime Mess Fueled by Crack Cocaine Accounting:
- How a big US bank laundered billions from Mexico's murderous drug gangs
- Western banks 'reaping billions from Colombian cocaine trade'
- FBI Says Cartel Used Bank Of America To Launder Money
2012-08-04 — bloomberg.com
Let's try out a novel idea: Banks that help drug cartels launder money and give cover to those tied to terrorism should be put out of business. Is that really so hard for everyone to agree on? Free markets have worked in the U.S. because we have the rule of law.
...
What would it take for the government to really crack down on wrongdoing in the financial-services industry? What finally prompted the feds to do something about cocaine smuggling into South Florida long ago was the epidemic of violence it spawned.
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