So, first it is liar loans, now it is drug cartel money.
How many OTHER TBTF banks have been doing this????
Have the Mexican Drug Lords BOUGHT our politicians????
WOW.
If the banksters responsible for this do not do hard jail-time, that does not bode well for the peace of our nation. Millions are enraged at what they are doing to our financial stability and our standard of living.
Which means it violated money laundering laws. I am a money laundering compliance officer. Someone was not doing their job.
There. Fixed it.
Why isn't some corporate officer going to jail for this one?
Okay all of those that believe that they could launder millions through our business and just pay a fine and not go to jail raise there hands....( crickets chirping)
ping
Sheesh!
Fines and penalties??? Why are not the CEO, CFO, and other officers and board members on their way to prison?
This is so funny. When I worked for a division of Wachovia, the division was part of First Union, we were required to take a short online course on Money Laundering. I guess these Execs never bothered to take the course, hee hee.
It just seems too convenient the Sandlers had a buyer who didn't know what it was doing right at the top of the market. Like to know where everyone who signed off on the purchase is now and what assets they have.
And they all got
ZERO days on jail.
So, they will do it again.
NY, LA, people actually brag about their ability to do this stuff.
Quietly, to each other, or to someone who they think is one of “them”, but they do brag.
I doubt Wachovia was the only bank involved in these crimes, wittingly or unwittingly.
BTT!!!
STILL waiting to heard one word about this in the MSM.