Ten of world's top banks laundered money for Iran

ANI via Yahoo News ^ | 10 January 09 | Unknown

[LSUfan]

Ten international banks, including British-based Lloyds laundered "billions of dollars" for Iran through New York banks, Manhattan District Attorney Robert Morgenthau announced Friday.

According to a report in the New York Daily News, the scheme helped Iran turn its dirty money into greenbacks, which it could then use to buy goods prohibited by international sanctions.

[LSUfan]

When Wall Street and Fleet Street claim that they have done proper due diligence on investing in foreign companies that do business with Iran and entering into Shariah-Compliant financial arrangements, why should we believe them?

Note the nexus between Western financial institutions, terrorist-sponsoring governments and Islamic charities to get money to Jihadist terrorists, including groups fighting American GIs in Afghanistan (despite the supposed Shia-Sunni divide).

I sure would like to know the names of the other 9 banks. I smell a smokescreen because someone is afraid that the bad publicity would hurt some already shaky institutions. And I wonder if our so-smart Treasury Department is bailing out some of these guys at the same time they are slapping them with small fines?

A $350 million fine for laundering $300 million to Jihadist terrorists is incredibly light. Until some of these Wall Street types start to do the perp walk and get put in for truly hard time for sending money to those who are killing us, this will never stop. They'll just build the fines into the original business plan...scumbags need to be in chains.

[billhilly]

“They’ll just build the fines into the”.... bailout money.

[GOPJ]

Is everyone in the “financial community” a crook?

[Old Sarge]

WAIT, WAIT, I KNOW JUST WHAT WILL HAPPEN BECAUSE OF THIS ANNOUNCEMENT!

Absolutely Nothing.

[HardStarboard]

Just to add to all the conspiracy talk going around:

Didn't Paulson say there were 9 banks that the government would buy preferred stock in with the initial $350Bil of TARP money?

I wonder if these are the same 9 - with the exception of Lloyds of London.

[eleni121]

I sure would like to know the names of the other 9 banks. I smell a smokescreen because someone is afraid that the bad publicity would hurt some already shaky institutions.

---

WE REALLY DO NEED TO KNOW THE NAMES OF ALL THE TREASONOUS BANKS AND THOSE INDIVIDUALS IN OUR GOVERNMENT THAT ARE COVERING UP FOR THEM.

[Allegra]

I sure would like to know the names of the other 9 banks. I smell a smokescreen because someone is afraid that the bad publicity would hurt some already shaky institutions. And I wonder if our so-smart Treasury Department is bailing out some of these guys at the same time they are slapping them with small fines?

I'd like to know the names of the other nine banks as well.

This is outrageous. People were hanged for this sort of thing in the past.

[LSUfan]

Some related links: Manhattan DA Report

DOJ Report

Miami Herald article

[LSUfan]

I don’t know if the final bill that passed had this provision (detailed in this link - http://themortgageinsider.net/mortgage-news/us-senate-bailout-bill-secretly-designed-to-help-foreign-banks/) to bailout foreign banks.

But if it did, the U.S. taxpayer will be helping pay the Lloyds fine for washing money for the Iranians.

And if not the US taxpayer, the UK taxpayer, since Lloyds is getting help either way

[mojitojoe]

This is utterly appalling. Wait until Israel gets wind of this. I think a strike on Iran's nuclear facilities by Israel would be very appropriate on Jan. 19th of this year. A little welcome for zer0.
Suddenly the flood gates seem to have opened up. Every single day, more bad news and things like this. Some of the you tube videos I snickered at for being too far fetched are proving to be exactly right. Maybe I'll get the news early from you tube.

[little jeremiah]

Apparently so.

[Eagles6]

"Until some of these Wall Street types start to do the perp walk and get put in for truly hard time for sending money to those who are killing us, this will never stop. They'll just build the fines into the original business plan...scumbags need to be in chains."

Agreed.

[GOPJ]

It’s starting to look that way.

[Clintonfatigued]

So this is how out bailout money will be spent.

Deregulation no matter what strikes again.