Posts Tagged ‘ Wells Fargo ’

Laundered Drug Money Rescued Banks on Brink of Collapse

April 12, 2012
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Laundered Drug Money Rescued Banks on Brink of Collapse

At the height of the 2008 banking crisis, Antonio Maria Costa, then head of the United Nations office on drugs and crime, said he had evidence to suggest the proceeds from drugs and crime were "the only liquid investment capital" available to banks on the brink of collapse. "Inter-bank loans were funded by money...
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