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To: helpfulresearcher
$378.4bn was found to be laundered by Wachovia alone.

Over a third of a trillion bucks???

That has to be a typo.

More likely $378.4 million.

Very sloppy.

18 posted on 10/22/2011 4:43:57 PM PDT by Blado (Herminate Bambi with Extreme Prejudice! Beat Bambi with a Cain! Yes, We Cain!)
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To: Blado; helpfulresearcher
Not content to limit themselves to cocaine, Mexico’s drug barons have also branched out into marijuana and methamphetamines, engaging in a brisk cross-border trade that earns them anywhere from 10 to 20 billion dollars every year. http://www.thefix.com/content/worlds-scariest-drug-lords

Experts say that cutting off operations that funnel illegal money into banks and other legitimate businesses is key to winning the country's bloody war against drug cartels. But the Mexican government, hampered by inefficient laws and few investigators, has seized less than 1 percent of the estimated annual $10 to $29 billion in drug profits moving through Mexico, despite recent measures such as strict limits on the use of U.S. dollars in cash. http://www.huffingtonpost.com/2011/05/13/mexican-drug-money-laundering_n_861749.html

26 posted on 10/22/2011 7:01:12 PM PDT by NorwegianViking
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To: Blado

” $378.4bn was found to be laundered by Wachovia alone.
Over a third of a trillion bucks???
That has to be a typo.
More likely $378.4 million.
Very sloppy.”

Check the original link to the source at dagnyd.wordpress.com . I had to triple check it. Billion.:

http://www.guardian.co.uk/world/2011/apr/03/us-bank-mexico-drug-gangs

Guardian article title: “How a big US bank laundered billions from Mexico’s murderous drug gangs”


28 posted on 10/22/2011 8:55:23 PM PDT by helpfulresearcher (Palin and Cain - Courageous leaders who can actually fire people and prosecute corruption!)
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