Who do you support for Governor in Pennsylvania in 2010?

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USA

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#51320
Jul 23, 2013
 

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High-Ranking Mexican Drug Cartel Member Makes Explosive Allegation:‘Fast and Furious’ Is Not What You Think It Is
Aug. 9, 2012 8:00am Jason Howerton
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A high-ranking Mexican drug cartel operative currently in U.S. custody is making startling allegations that the failed federal gun-walking operation known as “Fast and Furious” isn’t what you think it is.
It wasn’t about tracking guns, it was about supplying them — all part of an elaborate agreement between the U.S. government and Mexico’s powerful Sinaloa Cartel to take down rival cartels.
The explosive allegations are being made by Jesus Vicente Zambada-Niebla, known as the Sinaloa Cartel’s “logistics coordinator.” He was extradited to the Chicago last year to face federal drug charges.
Jesus Vicente Zambada-Niebla (Source: MSNBC)
Zambada-Niebla claims that under a “divide and conquer” strategy, the U.S. helped finance and arm the Sinaloa Cartel through Operation Fast and Furious in exchange for information that allowed the DEA, U.S. Immigration and Customs Enforcement (ICE) and other federal agencies to take down rival drug cartels. The Sinaloa Cartel was allegedly permitted to traffic massive amounts of drugs across the U.S. border from 2004 to 2009 — during both Fast and Furious and Bush-era gunrunning operations — as long as the intel kept coming.
The claims seem to fall in line with statements made last month by Guillermo Terrazas Villanueva, a spokesman for the Chihuahua state government in northern Mexico who said U.S. agencies ”don’t fight drug traffickers,” instead “they try to manage the drug trade.”
USA

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#51321
Jul 23, 2013
 

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“Lean,” A New Hip High
Print By Dana Hughes
@dana_hughes

Sep 29, 2006 1:14pmIt’s more than a drug; it’s a culture. It’s what’s known on the street as "Lean," a highly addictive cocktail of cough syrup, cold medicine, alcohol and candy — so potent it makes you "lean" over when high. The drug first began to get attention a few years ago, when a popular Houston DJ overdosed on it. At that time, it was easy to make and easy to get, says Ron Peters, a professor at the University of Texas School of Public Health. "As far as across Texas, across also the southern part of the United States, estimates have shown that it to be at one time a pretty common drug of choice amongst kids…anywhere from ninth grade all the way up to young adults," says Peters. Authorities have recently tried to crack down on the drug, but while the crackdown has made it harder to get, it’s also made it easier and more profitable to traffic. THE BLOTTER RECOMMENDS High School Saying Cheese, But DEA Disagress Teen Attack Videos Lead to Arrests Outside Dallas Click Here for More of the Brian Ross Page "A year and a half to two years ago the price for a pint of codeine promethazene cough syrup was about $20 and was called a deuce, and for 16 oz, which was called a PT cruiser, would go for about $120 to $125," says Peters. "Now a pint of codeine promethazene would go for anything from about $250 all the way up to $350." Pharmacists, doctors and drug dealers from other states are getting into the act, says Peters. Terrence Kiel, a player for the San Diego Chargers, was arrested this week for allegedly shipping large quantities of prescription-strength cough syrup to Texas, where Lean is most popular. He is expected to enter a plea in court next week. Lean is so popular that it produced a Houston-based rap called screw music named after DJ Screw, who overdosed on the drug. The music takes hip-hop beats and slows it down to a crawl, reflecting the sleepy, laid-back feeling the drug gives its users. It was even the inspiration for a Top 10 song by the Oscar-winning group Three-Six Mafia, "Sipping on Some Syrup." Peters says the drug and the music have grown together. "One of the studies did show that a lot of children found out about what codeine promethazene was through the music," he says. "And some of them stated that their first time finding out about it was through the messages that were in this screw music." But, Peters says, the music is a way to make parents and the community aware of what is happening. He instructs parents to "always listen to some of the music some of our kids listen to," he says

. "Whether they like or not, it can give them insight into what’s happening in their kids’ lives and open up dialogue."

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#51322
Jul 23, 2013
 

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USA wrote:
High-Ranking Mexican Drug Cartel Member Makes Explosive Allegation:‘Fast and Furious’ Is Not What You Think It Is
Aug. 9, 2012 8:00am Jason Howerton
Share Exerpt
A high-ranking Mexican drug cartel operative currently in U.S. custody is making startling allegations that the failed federal gun-walking operation known as “Fast and Furious” isn’t what you think it is.
It wasn’t about tracking guns, it was about supplying them — all part of an elaborate agreement between the U.S. government and Mexico’s powerful Sinaloa Cartel to take down rival cartels.
The explosive allegations are being made by Jesus Vicente Zambada-Niebla, known as the Sinaloa Cartel’s “logistics coordinator.” He was extradited to the Chicago last year to face federal drug charges.
Jesus Vicente Zambada-Niebla (Source: MSNBC)
Zambada-Niebla claims that under a “divide and conquer” strategy, the U.S. helped finance and arm the Sinaloa Cartel through Operation Fast and Furious in exchange for information that allowed the DEA, U.S. Immigration and Customs Enforcement (ICE) and other federal agencies to take down rival drug cartels. The Sinaloa Cartel was allegedly permitted to traffic massive amounts of drugs across the U.S. border from 2004 to 2009 — during both Fast and Furious and Bush-era gunrunning operations — as long as the intel kept coming.
The claims seem to fall in line with statements made last month by Guillermo Terrazas Villanueva, a spokesman for the Chihuahua state government in northern Mexico who said U.S. agencies ”don’t fight drug traffickers,” instead “they try to manage the drug trade.”
Yes, let's take the word of a high-ranking member of the Mexican drug cartel looking to make a deal to save his ass.

LMAO!

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#51323
Jul 23, 2013
 

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USA wrote:
“Lean,” A New Hip High
Print By Dana Hughes
@dana_hughes
Sep 29, 2006 1:14pmIt’s more than a drug; it’s a culture. It’s what’s known on the street as "Lean," a highly addictive cocktail of cough syrup, cold medicine, alcohol and candy — so potent it makes you "lean" over when high. The drug first began to get attention a few years ago, when a popular Houston DJ overdosed on it. At that time, it was easy to make and easy to get, says Ron Peters, a professor at the University of Texas School of Public Health. "As far as across Texas, across also the southern part of the United States, estimates have shown that it to be at one time a pretty common drug of choice amongst kids…anywhere from ninth grade all the way up to young adults," says Peters. Authorities have recently tried to crack down on the drug, but while the crackdown has made it harder to get, it’s also made it easier and more profitable to traffic. THE BLOTTER RECOMMENDS High School Saying Cheese, But DEA Disagress Teen Attack Videos Lead to Arrests Outside Dallas Click Here for More of the Brian Ross Page "A year and a half to two years ago the price for a pint of codeine promethazene cough syrup was about $20 and was called a deuce, and for 16 oz, which was called a PT cruiser, would go for about $120 to $125," says Peters. "Now a pint of codeine promethazene would go for anything from about $250 all the way up to $350." Pharmacists, doctors and drug dealers from other states are getting into the act, says Peters. Terrence Kiel, a player for the San Diego Chargers, was arrested this week for allegedly shipping large quantities of prescription-strength cough syrup to Texas, where Lean is most popular. He is expected to enter a plea in court next week. Lean is so popular that it produced a Houston-based rap called screw music named after DJ Screw, who overdosed on the drug. The music takes hip-hop beats and slows it down to a crawl, reflecting the sleepy, laid-back feeling the drug gives its users. It was even the inspiration for a Top 10 song by the Oscar-winning group Three-Six Mafia, "Sipping on Some Syrup." Peters says the drug and the music have grown together. "One of the studies did show that a lot of children found out about what codeine promethazene was through the music," he says. "And some of them stated that their first time finding out about it was through the messages that were in this screw music." But, Peters says, the music is a way to make parents and the community aware of what is happening. He instructs parents to "always listen to some of the music some of our kids listen to," he says
. "Whether they like or not, it can give them insight into what’s happening in their kids’ lives and open up dialogue."
Here's a hit for you: paragraphs are your friend.

LOL!
USA

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#51324
Jul 23, 2013
 

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About ten years ago a teacher was communicating with a student during an IEP meeting regarding writing a resume and needed job skills. The 9th grade well-dressed, unmotivated student replied he was not going to ever write a resume or apply for another job because he already had one. Puzzled, the teacher asked him what kind of work he was employed at. He replied that every month he had to go to the Post Office and get his SSI check.

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#51325
Jul 23, 2013
 

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USA wrote:
About ten years ago a teacher was communicating with a student during an IEP meeting regarding writing a resume and needed job skills. The 9th grade well-dressed, unmotivated student replied he was not going to ever write a resume or apply for another job because he already had one. Puzzled, the teacher asked him what kind of work he was employed at. He replied that every month he had to go to the Post Office and get his SSI check.
*coughbullshitcough*
USA

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#51326
Jul 23, 2013
 

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USA wrote:
About ten years ago a teacher was communicating with a student during an IEP meeting regarding writing a resume and needed job skills. The 9th grade well-dressed, unmotivated student replied he was not going to ever write a resume or apply for another job because he already had one. Puzzled, the teacher asked him what kind of work he was employed at. He replied that every month he had to go to the Post Office and get his SSI check.
Often students receiving SSi checks are empowered by that money. They refuse to obey parents or elders, refuse to learn in school, refuse to remain in class, refuse to do classwork or homework, use the money to buy drugs and guns in addition to clothes and food. Sometimes they get their own cheap apartments and turn them into safehouses for their friends where they can all sit around and smoke whatever. and to hide their guns and stashes of drugs....Often they drop out by age 16 or are arrested and sitting in prison....still receiving an SSI check? IDK

One was overheard bragging to his boys that he beats his mother every time she nags him about his frequent absences, tardiness, drug use, or his friends..........he laughed as he described head butting her to the floor...she has been hospitalized as least once......
taxmaster

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#51327
Jul 23, 2013
 

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USA wrote:
About ten years ago a teacher was communicating with a student during an IEP meeting regarding writing a resume and needed job skills. The 9th grade well-dressed, unmotivated student replied he was not going to ever write a resume or apply for another job because he already had one. Puzzled, the teacher asked him what kind of work he was employed at. He replied that every month he had to go to the Post Office and get his SSI check.
The government stopped sending paper checks for Social Security, disability and other benefits in an effort to cut costs. Instead, the Treasury Department will distribute funds electronically, either via direct deposit or on a prepaid "Direct Express" card.
USA

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#51328
Jul 23, 2013
 

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USA wrote:
<quoted text>
Often students receiving SSi checks are empowered by that money. They refuse to obey parents or elders, refuse to learn in school, refuse to remain in class, refuse to do classwork or homework, use the money to buy drugs and guns in addition to clothes and food. Sometimes they get their own cheap apartments and turn them into safehouses for their friends where they can all sit around and smoke whatever. and to hide their guns and stashes of drugs....Often they drop out by age 16 or are arrested and sitting in prison....still receiving an SSI check? IDK
One was overheard bragging to his boys that he beats his mother every time she nags him about his frequent absences, tardiness, drug use, or his friends..........he laughed as he described head butting her to the floor...she has been hospitalized as least once......
The last interaction the teacher had with one of these many situations was this past school year when the mother came in for a meeting with the teacher, the VP and the counselor. She described how her son beats her repeatedly and the reasons...SSI $, drug use, gang affiliations, absences, dealing on the corner to make more money...when the VP called the school/city police officer to the meeting, The teacher left to go back to next class.....law enforcement had to deal with it then.......Many teachers in the US are well aware of this as it happens nationwide...

Sometimes kids are coached by their parents to act crazy with a school psychologist or to purposely fail their intake assessment tests at a new school in order to qualify for SSI. It is sometimes called the "crazy check" (look it up) that they brag about to one another. The "dumbing down" students often purposely fail classroom and state standardized tests for fear of losing their checks.
USA

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#51329
Jul 23, 2013
 

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11 Facts About School Violence

In 2011, 20 percent of high school students were bullied at school, and 33 percent reported being involved in a physical fight in the last year.
In one month, nearly 6 percent of high schoolers stayed home because they felt unsafe at or on their way to school.

More than 7 percent of 9th through 12th graders reported being threatened or injured with a weapon on school property at least once in the last year. An additional 6 percent admitted to bringing a weapon to school for protection.

In 2010 there were more than 800,000 nonfatal school victimizations of children and teens ages 12 to 18. Almost 500,000 of these occurrences were thefts.

Risk factors for youth violence include violent histories, drug or alcohol use, poverty in the community, poor grades, association with troubled peers, and troublesome homelife.

Students aren’t the only ones in danger of school violence. Almost 7 percent of teachers reported being threatened or physically injured by a student from their school.

Only 39 percent of schools in the 2009-2010 school year took serious disciplinary action against a student for special offenses. Actions included out-of-school suspension, expulsion, or transfer to a specialty school.

In the U.S., 33 school-associated violent deaths occurred in the 2009-2010 school year including homicides, suicides, and legal interventions. 18 of these occurred on school property.

Youth and school violence can lead to depression, alcohol and drug use, suicide, anxiety, and fear.

In recent years, assault by weapon, cases of intimidation and bullying, and alcohol possession have all more than doubled on school properties.

Drug possessions at school more than doubled from 2005 to 2011. Teachers confirm that violence may not be spiking, but records are being kept much more accurately than in the past.
USA

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#51335
Jul 23, 2013
 

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Anybody remember Ollie North?
USA

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Jul 23, 2013
 

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And this is breaking news from the BBC today:

“The US will take control of about 8,000 British troops in Helmand province, southern Afghanistan, later.

The move is part of a restructuring of Nato forces, with command and control in southern Afghanistan split into two.”

“Until now, UK forces took their orders from British Major General Nick Carter, who was in charge of operations in the south.

But the region is being split to make it more manageable.

Gen Carter will oversee Kandahar and Maj Gen Richard Mills, of the US Marine Corps, will command forces in Helmand.”

I guessing that “later” will likely be in the next month or so, just in time to pull another Air America special like they did in Southeast Asia, another opium production hub.

Then again, it could just be another coincidence.

Anybody see a pattern?????????? Just asking
USA

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#51337
Jul 23, 2013
 

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CIA Plane crashes in mexico carrying 3.2 tons of cocaine
USA

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Jul 23, 2013
 

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According to a series of groundbreaking reports by the San Jose Mercury News, for the better part of a decade, a San Francisco Bay Area drug ring, comprised of CIA and U.S. Drug Enforcement Agency agents and informants, sold tons of cocaine to the Crips and Bloods street gangs of Los Angeles.
Millions of dollars in drug profits were then funneled to the Fuerza Democratica Nicaraguense (Nicaraguan Democratic Force), the largest of several anti-Communists commonly called the Contras. The 5,000-man FDN was created in mid-1981 and run by both American and Nicaraguan CIA agents in its losing war against Nicaragua's Sandinista government, the Cuban-supported socialists who had overthrown U.S.-backed dictator Anastasio Somoza in 1979.
This CIA-backed drug network opened the first pipeline between Columbia's cocaine cartels and the Black neighborhoods of Compton and Los Angeles, according to the Mercury News.
In time, the cocaine that flooded Los Angeles helped spark a "crack explosion" in urban America and provided the cash and connections needed for Los Angeles's gangs to buy Uzi sub-machine guns, AK-47 rifles, and other assault weapons that would fuel deadly gang turf wars, drive-by shootings, murders and robberies -- courtesy of the U.S. government, according to the article.
"While the FDN's war is barely a memory today, Black America is still dealing with its poisonous side effects. Urban neighborhoods are grappling with legions of homeless crack addicts. Thousands of young Black men are serving long prison sentences for selling cocaine -- a drug that was virtually unobtainable in Black neighborhoods before members of the CIA's army started bring it into South Central in the 1980s at bargain basement prices," wrote Mercury News reporter Gary Webb, in the first installment of the shocking series of reports.
Although the Mercury News details the activities of numerous Nicaraguan and American informants and ties involved in the drug-gun trade, three men are cited as key players: Norwin Meneses, a Nicaraguan smuggler and FDN boss; Danilo Blandon, a cocaine supplier, top FDN civilian leader in California, and DEA informant; and Ricky Donnell Ross, a South Central Los Angeles high school dropout and drug trafficker of mythic proportions, who was Mr. Blandon's biggest customer.
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For years, writers, authors, activists, gang members and others have implicated the U.S. government in the deadly crack cocaine-gun trade.
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According to the Mercury News article, for the better part of a decade, "Freeway Rick," as he was nicknamed, was unaware of his supplier's military and political connections.
But together, the trio was directly and indirectly responsible for introducing and selling crack cocaine as far away as Cleveland, Cincinnati, Indianapolis, Dayton and St. Louis.
Ricky Ross' street connections, ability to obtain cocaine at low prices and deals that allowed him to receive drugs from Contra-CIA operatives with no money upfront helped him to undercut other dealers and quickly spread crack. He also sold crack wholesale to gangs across the country, said the Mercury News report.
Most of the information surrounding the CIA's involvement in the crack trade came from testimony in the March drug trafficking trial of Mr. Ross, 36, who, along with two other men were convicted of cocaine conspiracy charges in San Diego.
R Nixon

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Jul 23, 2013
 

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*Yawn*
USA

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Involvement of American Banks, CIA in Drug Trade
Money Laundering and the Global Drug Trade Fueled by Capitalist Elites
By Tom Burghardt
Global Research, July 21, 2010
When investigative journalist Daniel Hopsicker broke the story four years ago that a DC-9 (N900SA)“registered to a company which once used as its address the hangar of Huffman Aviation, the flight school at the Venice, Florida Airport which trained both terrorist pilots who crashed planes into the World Trade Center, was caught in Campeche by the Mexican military … carrying 5.5 tons of cocaine destined for the U.S.,” it elicited a collective yawn from corporate media.
And when authorities searched the plane and found its cargo consisted solely of 128 identical black suitcases marked “private,” packed with cocaine valued at more than $100 million, the silence was deafening.
But now a Bloomberg Markets magazine report,“Wachovia’s Drug Habit,” reveals that drug traffickers bought that plane, and perhaps fifty others,“with laundered funds they transferred through two of the biggest banks in the U.S.,” Wachovia and Bank of America.
The Justice Department charge sheet against the bank tells us that between 2003 and 2008, Wachovia handled $378.4 billion for Mexican currency exchanges,“the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history.”
“A sum” Bloomberg averred, equal to one-third of Mexico’s current gross domestic product.”
Since 2006, some 22,000 people have been killed in drug-related violence. Thousands more have been wounded, countless others “disappeared,” torture and illegal imprisonment is rampant.
In a frightening echo of the Reagan administration’s anti-communist jihad in Central America during the 1980s, the Bush and now, Obama administration has poured fuel on the fire with some $1.4 billion in “War on Drugs” funding under Plan Mérida. Much of that “aid” is destined to purchase military equipment for repressive police, specialized paramilitary units and the Mexican Army.
There is also evidence of direct U.S. military involvement. In June, The Narco News Bulletin reported that “a special operations task force under the command of the Pentagon is currently in place south of the border providing advice and training to the Mexican Army in gathering intelligence, infiltrating and, as needed, taking direct action against narco-trafficking organizations.”
One former U.S. government official told investigative journalist Bill Conroy,“‘Black operations have been going on forever. The recent [mainstream] media reports about those operations under the Obama administration make it sound like it’s a big scoop, but it’s nothing new for those who understand how things really work’.”
But, as numerous investigations by American and Mexican journalists have revealed, there is strong evidence of collusion between the Mexican Army and the Juarez and Sinaloa drug cartels. A former Juarez police commander told NPR in May that “the intention of the army is to try and get rid of the Juarez cartel, so that [Joaquin "El Chapo" Guzman] Chapo’s [Sinaloa] cartel is the strongest.”
The cosy relations among the world’s biggest banks, drug trafficking organizations and the U.S. military-intelligence apparatus is not however, a new phenomenon. What is different today is the scale and sheer scope of the corruption involved. As Michel Chossudovsky points out,
“This trade can only prosper if the main actors involved in narcotics have “political friends in high places.” As legal and illegal undertakings are increasingly intertwined, the dividing line between “businesspeople” and criminals is blurred. In turn, the relationship among criminals, politicians and members of the intelligence establishment has tainted the structures of the state and the role of its institutions, including the military.”(The Global Economic Crisis: The Great Depression of the XXI Century, Montreal:Global Research, 2010, pp. 195-196)
USA

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Jul 23, 2013
 

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Greasing the Wheels
The United Nations Office on Drugs and Crime (UNODOC) state in their 2010 Annual Report that “money-laundering is the method by which criminals disguise the illegal origins of their wealth and protect their asset bases in order to avoid suspicion of law enforcement and to prevent leaving a trail of incriminating evidence,” and that financial institutions, particularly U.S. and European banks are key to efforts to choke-off illicit profits from the grisly trade.
The trouble is these institutions, along with U.S. intelligence agencies, are the problem.
UNODOC estimate that profits derived from narcotics rackets amount to some $600 billion annually and that up to $1.5 trilliondollars in drug money is laundered through seemingly legitimate enterprises.
Part of the fallout from capitalism’s economic meltdown has been that “drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis,” The Observer disclosed late last year.
Antonio Maria Costa, UNODOC’s director, told the British newspaper he saw evidence that proceeds from the illicit trade were “the only liquid investment capital” available to some banks on the brink of collapse last year and that “a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.”
The UN drugs chief said that in “many instances, the money from drugs was the only liquid investment capital.” And with markets tanking and major bank failures nearly a daily occurrence,“liquidity was the banking system’s main problem and hence liquid capital became an important factor.”
According to Costa,“Inter-bank loans were funded by money that originated from the drugs trade and other illegal activities… There were signs that some banks were rescued that way.”
Web of Corruption
Although the UN’s top anti-narcotics official declined to identify either the countries or banks that have benefited from the murderous trade, a web of corruption envelops the entire financial sector of the capitalist economy as the quest for “liquid assets” trumps everything.
Martin Woods, once director of Wachovia’s anti-money-laundering unit in London told Bloomberg,“It’s the banks laundering money for the cartels that finances the tragedy.” Woods told the magazine he “quit the bank in disgust” after executives “ignored his documentation that drug dealers were funneling money through Wachovia’s branch network.”
Despite warnings from the Treasury Department since 1996 that Mexican currency exchanges were laundering drug money through U.S. banks,“Wachovia ignored warnings by regulators and police, according to the deferred-prosecution agreement,”Bloomberg reported.
“As early as 2004, Wachovia understood the risk,” the bank admitted in court.“Despite these warnings, Wachovia remained in the business.”
At the bank’s anti-money laundering unit in London, Woods and his counterpart Jim DeFazio in Charlotte, NC told Smith “they suspected that drug dealers were using the bank to move funds.”
Former Scotland Yard investigator Woods, said he “spotted illegible signatures and other suspicious markings on traveler’s checks from Mexican exchange companies,” and that he sent copies of his report to the U.K.’s Financial Services Authority, the DEA and U.S. Treasury Department.
But rather than being rewarded for his diligence, Woods told Smith “his bosses instructed him to keep quiet and tried to have him fired.” In one meeting,“a bank official insisted Woods shouldn’t have filed suspicious activity reports to the government, as both U.S. and U.K. laws require.”
USA

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Meanwhile, on the American side of the pond, 21-year FBI veteran DeFazio said “he told bank executives in 2005 that the DEA was probing the transfers through Wachovia to buy the planes.” The bank ignored his warnings and continued along on their merry way until their indictment.
The law enforcement veteran told Bloomberg,“I think they looked at the money and said,‘The hell with it. We’re going to bring it in, and look at all the money we’ll make’.”
The former Scotland yard investigator added,“If you don’t see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you’re missing the point.”
But Wachovia wasn’t the only large financial institution “missing the point.” Bloomberg also revealed that Bank of America and the London-based “HSBC Holdings Plc, Europe’s biggest bank by assets,” American Express Bank, Banco Santander SA, Citigroup Inc., as well as “the world’s largest money transfer firm,” Western Union were also up to their eyeballs in dubious transactions.
In 1994 for example, American Express paid $14 million to settle with the federal government after “two employees were convicted in a criminal case involving drug trafficker Juan Garcia Abrego.”
Yet between 1999-2004, Bloomberg reported “the bank failed to stop clients from laundering $55 million of narcotics funds, the bank admitted in a deferred-prosecution agreement in August 2007 … and paid $65 million to the U.S. and promised not to break the law again.” Charges were dismissed a year later under terms of the agreement.
And back in 2004, The Independent disclosed that “HSBC, the UK’s largest bank, have been slammed for lax money-laundering procedures in a report by a US Senate subcommittee.”
Journalists Hugh O’Shaughnessy and Paul Lashmar revealed that “the UK-based multinational stands accused of laxity in the fight against money laundering, drug trafficking, corruption and terrorism, notably in the oil-rich African state of Equatorial Guinea.”
“In one of the few cases” when the scandal-plagued and now-shuttered Riggs Bank “seems to have properly followed US anti-money-laundering legislation,” Riggs formally asked HSBC and a Spanish bank, Banco Santander,“to divulge the identities of the owners of two companies that kept accounts with them and that were receiving suspicious wire transfers totalling in excess of $35m (£20m). The banks refused to say who the owners were.”
Bloomberg disclosed that “federal agents caught people who work for Mexican cartels depositing illicit funds in Bank of America accounts in Atlanta, Chicago and Brownsville, Texas, from 2002 to 2009.” Authorities contend that “Mexican drug dealers used shell companies to open accounts at London-based HSBC.”
Nevertheless, neither bank were accused of wrongdoing by the federal government and both firms denied any involvement in money laundering schemes.
Fallout? What Fallout!
“If Wells Fargo keeps its pledge,” Bloomberg reports, then “according to the agreement [the federal government will] drop all charges against the bank in March 2011.”
Why might that be? Large banks are immune from vigorous prosecution for violating the Bank Secrecy Act “by a variant of the too-big-to-fail theory.”
Veteran Senate investigator Jack Blum, who led probes into the Iran-Contra drug connection and the CIA’s favorite shadow bank during the 1980s, the Bank of Credit and Commerce (BCCI) toldBloomberg,“the theory is like a get-out-of-jail-free card for big banks.”
“There’s no capacity to regulate or punish them because they’re too big to be threatened with failure,” Blum says.“They seem to be willing to do anything that improves their bottom line, until they’re caught.”
Meanwhile as the bodies pile up, there’s no jail time for executives and the assets of firms that could charitably be described as part of a “continuing criminal enterprise” haven’t been seized; only a slap on the wrist and a promise to “do better next time.”
USA

Toughkenamon, PA

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#51349
Jul 23, 2013
 

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R Nixon wrote:
*Yawn*
No, please, don't fall asleep yet...Libby and Magruder just pulled in from Watergate!!!!!!!!
USA

Toughkenamon, PA

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#51350
Jul 23, 2013
 

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USA wrote:
<quoted text>
No, please, don't fall asleep yet...Libby and Magruder just pulled in from Watergate!!!!!!!!
Dick, this is just what you wanted...it is gonna change your whole life!!!!!

Then Gerry and Betty can come in, play golf, drop pills and booze like there is no tomorrow. Then we can open a clinic for addicts just like us... gotta help us poor, incompetent, out of control souls...won't that be marvelous!!!!!! And we get a Library too? We just love the American way of life.

A fun time will be had by all...just think of it. Bet you can't wait.

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