Watch Ova Ya

"The New Mafia..."


Wachovia used to be just another crappy commercial I would see during March Madness.  Now, it appears they’re also in the business of laundering drug cartel money.  “Wachovia bank executives have admitted that the banking giant laundered millions of dollars for Mexican drug lords between 2003 and 2008, prosecutors announced in Miami this afternoon.”  Banks can do just about anything, but I thought American banks had regulatory agencies looking over them, so things like this wouldn’t happen.  Oh right.  Banks are the new mafia.  They did face some penalties, but not many.  Read some of the financial gobbledygook here.  

 

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