Drugged-Up Banks: Too Big to Jail?
by Linn Washington, Jr.
Federal prosecutors have no problem putting low-level drug traffickers and money launderers in prison; the conviction and sentencing statistics are impressive. But when the giant Wachovia Bank was caught laundering more than a third of a trillion dollars illegally transferred from Mexico, nobody went to jail and the fine was easily paid. “Wachovia’s involvement in big-time money laundering paralleled the period of a murderous escalation in violence in Mexico’s Drug War that has claimed the lives of over 40,000 Mexicans since 2006 alone.”
Black Agenda Report is a weekly magazine of news, commentary and analysis from the Black Left. A new issue is published every Wednesday, with features added daily.
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