Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

KansDem

(28,498 posts)
4. Maybe if the big banks laundering the cartels' drug money were prosecuted...
Tue Oct 21, 2014, 02:20 PM
Oct 2014

...and put in prison, the cartels wouldn't have so much power.

The failure of both the vigilantes and the army to quell the cartel's carnage is a direct result of the huge profits that the drug trade generates. Cartel leaders can continue hiring and arming their combatants because it's worth the expenditure; the illegal drug trade accounts for around 8 percent of all international trade. One of the primary reasons that cartels retain their enormous power is that well-known and popular banks are supporting their finances.

Bank of America, Western Union, and JP Morgan, are among the institutions allegedly involved in the drug trade. Meanwhile, HSBC has admitted its laundering role, and evaded criminal prosecution by paying a fine of almost $2 billion. The lack of imprisonment of any bankers involved is indicative of the hypocritical nature of the drug war; an individual selling a few grams of drugs can face decades in prison, while a group of people that tacitly allow -- and profit from -- the trade of tons, escape incarceration.

http://www.huffingtonpost.com/avinash-tharoor/banks-cartel-money-laundering_b_4619464.html


Just a thought...

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»She Tweeted Against the M...»Reply #4