Dec 12, 2011
U.S. officials found that banks are helping drug cartels to move money between countries. They estimate that size of the laundered drug money could reach as high as 50 billion dollars. Among the banks involved were Wachovia and HSBC.
Should come as no surprise! This is what banks are good at: hiding all the money they themselves make!
And if swindling us through mortgages or bank fees is no longer profitable enough, they have other schemes to earn more money, for example, from drug cartels.
Hey, this is capitalism at its finest.