Elizabeth Warren asks about Money Laundering.

Discussion in 'Markets & Economies' started by JulieW, Mar 10, 2013.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    [youtube]http://www.youtube.com/watch?v=7cKTBy7_S_I[/youtube]

    Words vs Action.
     
  2. bullionfrog

    bullionfrog New Member Silver Stacker

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    This make me laugh!

    I used write a lot of functions and reports for the Money Laundering act in the banking transactions. But when it really happens they don't know what to do??? So why they enforce banks have all this Money Laundering monitoring on the bank transactions......

    I guess we are only small bank unlike HSBC and others big banks.
     
  3. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    W.r.t. her closing statement, maybe the issue is that it IS deemed criminal to possess an ounce of cocaine :p
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    I'm a very amateur watcher of human behaviour but the people answering look like they are diving for cover - and all that was asked for was an opinion.

    Ms Warren made me laugh when she said prosecutions would presumably follow a line 'somewhere beyond 880 million of drug money'.
     
  5. bullionfrog

    bullionfrog New Member Silver Stacker

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    That's right, I wonder if one day they will say "the bank only deal $799,999,999.99 that does not hit the line, so not legal action required just need share the profit to the government that's it. But more than that need to be have some sacrificer." :lol:
     
  6. southerncross

    southerncross Well-Known Member Silver Stacker

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    Car accident, Fraud, Stroke, Cancer, Scandal..... Cockroaches don't like the light, especially when it is focused.
     
  7. errol43

    errol43 New Member Silver Stacker

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    Elizabeth Warren certainly asks the hard Questions!

    Her lecture on 'The coming collapse of the American Middle Class' shows just how it has changed over the last 20 years or so.

    Well worth a view if you have the time!.. Goes for around 57mins.

    Thanks for posting Julie W.

    Regards Errol 43
     
  8. bullionfrog

    bullionfrog New Member Silver Stacker

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    Thanks both Julie W and Errol. I'm downloading the lecture now.

    There is a Firefox plugin that can use to save YouTube video - "Easy YouTub Video Downloader"
     
  9. finicky

    finicky Well-Known Member Silver Stacker

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    Might have been the same Senate Banking Committee that followed on with questions to the key authority, the Attorney General of the Justice Department - Eric Holder. Dept of Justice is the authority that the wriggly Treasury officials deferred to in the hearing. Ted Butler uses this example to argue that this is why the CFTC is complacent to the point of complicity with JP Morgan and any other big bank illegally rigging the Silver market

    http://www.24hgold.com/english/news...20&redirect=false&contributor=Theodore+Butler
     

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