All of that death and mayhem on our Southern Boarder and in the U.S. over the illegal drug trade of course brings in the Banksters to launder the money.

A new report, outlined by Bloomberg, implicates three Banksters laundering money for the Mexican drug cartels. They are Wells Fargo, HBSC and Bank of America. Seems when a DC-9, carrying 5.7 tons of cocaine was busted in Mexico, the police found just a little bit of other stuff.

The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.: Wachovia Corp. and Bank of America Corp.

Wachovia, now owned by Wells Fargo made a habit of laundering Mexican Drug Cartel money.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers.



Graphic Source: Bloomberg

Gets better. This all comes out due to some sort of deal with Federal Prosecutors in North Carolina. Here we are, some major drug money laundered through our supposedly newly pristine banks, cleaned up after 9/11 and terrorist money laundering, called routine and prosecutors give Wells Fargo some kind of slap on the wrist deal. Look at this amount of blood money:

Wachovia admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007. That’s the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history -- a sum equal to one-third of Mexico’s current gross domestic product.

It's not just Wells Fargo either. More they are the latest to be busted. What is more astounding is the lack of prosecution in this obvious systemic problem.

Miami-based American Express Bank International paid fines in both 1994 and 2007 after admitting it had failed to spot and report drug dealers laundering money through its accounts. Drug traffickers used accounts at Bank of America in Oklahoma City to buy three planes that carried 10 tons of cocaine, according to Mexican court filings.

Federal agents caught people who work for Mexican cartels depositing illicit funds in Bank of America accounts in Atlanta, Chicago and Brownsville, Texas, from 2002 to 2009. Mexican drug dealers used shell companies to open accounts at London-based HSBC Holdings Plc, Europe’s biggest bank by assets, an investigation by the Mexican Finance Ministry found.

Meanwhile the violence is off the charts with a Mexican gubernatorial candidate assassinated and 23,000 people have been executed by Mexican drug cartels since 2006, often in some of the most gruesome manners imaginable.

Below is the Bloomberg video report:

The credit and reporting on this story goes all to Bloomberg. Again, here is the Bloomberg story link. Their reporting has multiple video reports, graphics and more details.

This is an amazing story, for obviously banks are complicit in money laundering for the Mexican Drug Cartels with such larges sums flowing through their banks in my opinion. Even more odious is the lack of prosecution when this is precisely how the 9/11 terrorists funded their activities. 23,000 murders exceeds the number of people murdered on 9/11.