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Old 12-15-2009, 12:46 AM
 
5,768 posts, read 11,237,787 times
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An interesting report:

Drug money saved banks in global crisis, claims UN advisor - Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions

Quote:
Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on the brink of collapse last year. He said that a majority of the $352bn (£216bn) of drugs profits was absorbed into the economic system as a result.
Hmmm... maybe it's time to thank your local drug lords for saving the world's financial system...
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