Deferred prosecutions for corporations who facilitated billions of dollars in money-laundering cases. Jail for pot smokers. Money rules.
|By: emptywheel Tuesday July 6, 2010 8:55 am|
The efforts to keep Wall Street and all its celebrated creativity intact could serve to make it easier for banks like Wachovia to engage in widespread money-laundering. That is, it’s not just shadow banking as it is politely understood, but banking for entire shadow networks, both our own and our enemies.