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Feds look at Wachovia in drug money probe
money.cnn.com — The bank is being investigated by prosecutors as part of a probe into alleged drug money laundering by Mexican and Colombian money-transfer companies, according to the Wall Street Journal.
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- alapoet, on 07/18/2008, -0/+14Surprise, surprise! (Not.)
- StingingNettle, on 07/18/2008, -0/+18I've seen old reports on fromthewilderness.com showing that drug money is laundered through wall st. I never thought I'd see this on cnn though. With more and more Feds going through the books at the banks I wonder if we'll come across the entities that shorted all those airline companies 2 days before 9/11
- SaraLiberty, on 08/16/2008, -0/+3Estimates of the profits from this 9/11 insider trading scam have ranged from 10 million to 15 billion dollars (Kyle Hence, “Billions in Pre-9/11 Insider Trading Profits Leaves a Hot Trail,” Centre for Research on Globalization, April 21, 2002). The US government knows or could easily know who profited from these attacks, and they are choosing to protect them.
“…There was a 9,000% increase in United Airlines (UAL) put options between September 6 and September 10. Put options trading in AUL stock went up to 285 times the normal daily average on the Thursday before 9/11. American Airlines witnessed a 6,000% increase in put options in comparison to the usual average. In addition, there was a sharp rise in short interest in the shares of brokerage houses that had offices in the World Trader Center. Put options on Morgan Stanley [which occupied 22 floors of the WTC] went up to 27 times the usual level, and shorts of Merrill Lynch jumped to 12 times normal. This was accompanied by unusual buying of 5-year US treasury notes, US government securities which are considered among the safest investments for asset protection in case of some large world catastrophe.”
The administration's "official" stance on the 9/11 insider trading was presented in the 9/11 Commission report:
“Some unusual trading did in fact occur, but each trade proved to have an innocuous explanation. For example... a single US-based institutional investor with no conceivable ties to Al Qaeda purchased 95 percent of the UAL puts on September 6…”
The issue isn’t whether the guilty parties had “conceivable ties to Al Qaeda”, it is whether they had foreknowledge of the 9/11 attacks. This was never investigated, as it should have been on a crime that led to the murder of over 3000 people on American soil.
And of course, the 9/11 Omission Commission report was written to support a narrative in which ties between members of the US government and the September 11 massacre can never be “conceivable”..
- SaraLiberty, on 08/16/2008, -0/+3Estimates of the profits from this 9/11 insider trading scam have ranged from 10 million to 15 billion dollars (Kyle Hence, “Billions in Pre-9/11 Insider Trading Profits Leaves a Hot Trail,” Centre for Research on Globalization, April 21, 2002). The US government knows or could easily know who profited from these attacks, and they are choosing to protect them.
- stienster, on 07/18/2008, -0/+14I think the big wigs in Wachovia did something wrong to the wrong elites. Otherwise, we wouldn't be hearing about this.
- SaraLiberty, on 08/16/2008, -1/+3ding!
- MarkEarhart, on 07/20/2008, -0/+8I have a great idea. Let's include the CIA as a suspect in that investigation.
- jaymzdean, on 07/22/2008, -0/+2...and Israel's Mossad.
- SaraLiberty, on 08/16/2008, -0/+7NAFTA in action. Looks like somebody didn't get paid off! Maybe the Cocaine Import Agency didn't move the 5 metric tons of nose candy in due time? Somebody didn't get their cut so now they've been outed to the controlled "mainstream" media as 'payback' you know?..no doubt..
Another new scandal in the controlled press. Nobody will be held accountable. No one will serve time in Federal prison. No one will be criminally prosecuted. It will all blow over in a matter of weeks. And on to the next scam at our expense. Wash, rinse, repeat.
Meanwhile, Dancing With The Stars introduces a new season.. - Arcueid01, on 07/23/2008, -0/+1Of course, that's how these huge banks make huge money for doing nothing. They don't provide much of a service. Sure they make capital readily available, but so what. They screw people over and then when they go under people lose their ***** money.
- mm911, on 07/23/2008, -0/+1No. The profit they collect on those $3 ATM fees well outweighs all the drugs sold in the world, not to mention those 20% interest credit cards. But thanks for sharing your conspiracy theory.
- PabloMac, on 07/23/2008, -0/+1I turned down a job offer from them not too long ago because of this exact issue.
- ElSnuggles, on 07/23/2008, -1/+1Burried for an old article. Date says April...
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