Wachovia Drug Money

Where Are the Prosecutions? SEC Lets Citi Execs Go Free After $40 Billion Subprime Lie

Zach Carter | Posted 05.25.2011

Read More: Citi, Sec, Wall Street Prosecutions, Financial Crisis Inquiry Commission, Bailouts, Doj, Wall Street Crisis, Money Laundering, Wachovia Drug Money, Citi Subprime, Wachovia, Financial Fraud, Bank of America, Wall Street Reform, Lehman Brothers, Angelides, Fcic, Bofa, Rubin, Subprime, Drug Money, Wachovia Money Laundering, Bonuses, Bank Bailout, Wall Street Bailout, Crittenden, Business News
Zach Carter

What is the penalty for bankers who tell $40 billion lies? Somewhere between nothing and a rounding-error on your bonus.

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Wall Street Is Laundering Drug Money And Getting Away With It

Zach Carter | Posted 05.25.2011

Read More: Financial Fraud, Financial Crime, Tbtf, Wall Street Reform, Wells Fargo, Financial Reform, Money Laundering, Too-Big-to-Fail, Drug Money, Wachovia Money Laundering, Wall Street Fraud, Wachovia Drug Money, Wachovia, White-Collar Crime, Business News
Zach Carter

Wachovia Bank is accused of laundering $380 billion in Mexican drug cartel money, and is expected to emerge with a slap on the wrist thanks to a government policy which protects megabanks from criminal charges.

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