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Awash In Cash, Drug Cartels Rely On Big Banks To Launder Profits
NPR ^ | 5/202/14 | John Burnett

Posted on 05/22/2014 1:55:42 PM PDT by mgist

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To: Repeal The 17th

Casinos are still the best way to launder money that has ever been invented.


Second best is buying bad loans for $.01 on the dollar and showing full recovery....................


21 posted on 05/22/2014 2:41:37 PM PDT by PeterPrinciple
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To: mgist
Those cartels can use all the help they can get.

DEA laundering millions of dollars for the drug cartels

22 posted on 05/22/2014 3:22:28 PM PDT by TigersEye ("No man left behind" is more than an Army Ranger credo it's the character of America.)
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To: PieterCasparzen

I agree with you. It’s an old story from 2011 and NPR is just now coming out with it.

NPR radio is so bizarre I listen out of curiosity. It is entertainment in freak show type of way.

That is why I’m surprised they have dealt with something so real, and so serious.


23 posted on 05/22/2014 4:29:30 PM PDT by mgist (.)
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To: Liz

Agreed! Obama has turned all Fed agencies into pay for play rackets.

The FDA is approving new heroin RX in pill form, stronger than ever 50 mg. Despite deaths, objections, and law suits. Someone needs to sue the FDA. They have no accountability.

We have Sorosis of the constitution and it’s No Bueno.


24 posted on 05/22/2014 6:10:02 PM PDT by mgist (.)
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To: mgist

LOL. yes.

While public radio and TV are the pet of the ruling elites of NYC...

they also - as a news source - function to provide cues to the leadership of leftist causes, i.e., the radical leftist intelligentsia, young upcoming intellectual radicals, community organizers, professors, pundits, etc.

These folks can all thus get their cues on how they are supposed to think about a given issue, without them having to have meetings with the elites of capitalism in their New York offices.

I took a second look; this story is quite enlightening, if you’ll humor me:

A) In the past few months there have been some posting/rantings here on FR about this story, which pointed to postings/rantings elsewhere. Mentioned in the same breath were drugs, money laundering, CIA, major banks, financial elites.

B) This of course is a hole that needs to be plugged so the sheeple don’t realize what’s going on. The response is thus broadcast on NPR and kept out of the mainstream news; don’t want make ma and pa sheeple aware of the story !

C) The “upshots” I see in this story’s messaging:

1) business is inherently evil (can always use that old standard)

2) there’s nothing we can do to stop crime and illegal drugs (implying why bother, man)

3) it’s not just HSBC there are many others (so get off HSBCs back, man) (hmmm... radical college professor thinks if they’re laundering drug money, they’re my kinda people!)

4) banks are presented as the victims (”Banks Still Vulnerable”)

5) government is presented as shocked itself, and overwhelmed

6) make sure to acknowledge the stinging accusation (in those rants mentioned above) that the fine is a pittance (hey man, big business always gets off easy, workers of the world need to unite !)

7) Then immediately broaden focus after that acknowledgement to say that HSBC also was faulted for transactions with Iran and the leftist intelligentsia’s romantic darling Cuba (hey man, leave Cuba alone).

8) Broadening the focus diffuses the significance of a laserlike focus on drug money laundering, i.e., “now we also have to look for other prohibited transactions - wow, this is a regulatory burden.”

We’ve done some yappy-yap, we diffused, confused, pushed our same old leftist lines, having dealt with the subject we can put it to bed and move on.

HSBC can thus be left alone to try to figure out how to carry on as best they can.


25 posted on 05/22/2014 6:24:01 PM PDT by PieterCasparzen (We have to fix things ourselves)
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To: PieterCasparzen

I like the way you understand things.


26 posted on 05/22/2014 6:54:22 PM PDT by mgist (.)
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