U.S. Banks Resist Efforts To Prevent Corrupt Money Flows

Wall Street Journal:

Even as governments freeze assets tied to regimes in Libya, Egypt and Tunisia, U.S. banks are resisting efforts to tighten international rules to prevent the flow of money from corrupt politicians.

Read the whole story: Wall Street Journal

Comments

[mjtaylor22]

01:23 PM on 03/23/2011

they resist regulation of illegal activity....

[JacksonAndy78]

03:28 AM on 03/23/2011

Soros Rockefeller Peterson Clinton Obama Summers Rubin - K1LL Reform, SOCIAL SECURITY, and MEDICARE

Repubs and Dems both work for the same BOSSES - The International Bankers of Europe. The theater of the ABSURD!

The Cabal of LEFT with RIGHT Power for the Richest People in the World:

http://www.muckety.com/07900610D138272B642941AA84B098B9.map

[james rimes]

12:54 AM on 03/23/2011

http://news.firedoglake.com/2011/03/07/media-capture-foreclosure-industry-getting-friends-in-press-to-write-up-their-arguments/

[nothingchanges]

12:24 AM on 03/23/2011

The banks don't want congress regulating them, so now they want to stem the flow of money FROM corrupt politicians?

How about all the money TO corrupt politicians, seems like addressing that issue would yield a bigger return on investment to me.

[bluguy8]

11:17 PM on 03/22/2011

banks love their fraud money

[FoxIslander]

02:50 PM on 03/23/2011

...Switzerland as a nation exists due to it.

[frank day]

11:04 PM on 03/22/2011

Steal a thousand dollars and you're a thief.

Steal a hundred million and you're a valued client.

[nypapajoe]

09:36 PM on 03/22/2011

Oh the hypocrisy! The Swiss Banks had to reveal their American Swiss accounts "Hidden Assets" to avoid paying taxes in the U.S. they even got a clemency if the Americans hiding the cash would step forward "just for the rich"! Now the shoe is on the other foot! Give it up! Bankers!

[bluecatb]

09:29 PM on 03/22/2011

Ye Money Changers, your days of robbing the people and creating debt and shifting is over.

http://www.youtube.com/watch?8F4lgwuKdUq&feature=related

WE are so on to you now!!
Jail is too good for you.

[WoolStreet]

08:18 PM on 03/22/2011

Blame the bankster shylox

During Shakespeare's day, money lending was a very common occupation among Jews. This was due to Christians staying out of the profession due to their belief at that time that usury is a sin and the fact that it was one of the few professions available to Jews in medieval Europe, who were prohibited by law from most professions.

[hrpmap]

06:59 PM on 03/22/2011

At least now we know why the US southen border is not secure and the drug trade is alive and well and prospering. The banks need the cash flow. The collateral damage to the Mexican people taking place seems to be secondary to the need for profits. 
 
http://www.reuters.com/article/2009/01/25/financial-un-drugs-idUSLP65079620090125

[leorangerie]

05:17 PM on 03/22/2011

...and confused, contrite CEO's wonder why us commoners are cynical about their banking reforms?

[Titus]

04:18 PM on 03/22/2011

U.S. banks are resisting efforts to tighten international rules to prevent the flow of money from corrupt politicians.
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amazing

[blueken]

03:46 PM on 03/22/2011

You might as well say gangsters resist law enforcement efforts to imprison them. Really? What insight!

[dkinton49]

02:55 PM on 03/22/2011

The problem is politics. Who ever happens to be in power, whether Democrats or Republicans, will use their flow of funds control to further increase their hold on power. This is why they are against more control. Also, we cannot be sure that the funds are illegal. It is kinda like Michael Moores thinking that there is plenty of money but it is just in the wrong hands!!!!

[Jon DeLuzio]

02:06 PM on 03/22/2011

Follow the money. Jon DeLuzio