by Jason Burack of Wall St For Main St
About a week ago BuzzFeed News supposedly broke a story about how large banks like HSBC Bank and Deutsche Bank have been knowingly laundering potentially trillions for drug cartels, organized crime and terrorist organizations for decades.
However, this has been well known for well over a decade by anyone paying attention to news in the financial industry and by many people here in the DC metro area who only fine the banks and don’t throw any senior level banksters into prison anymore. There are lots of laws on the books but none of them are being enforced properly.
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