Elizabeth Warren asks about Money Laundering.

JulieW

JulieW

Well-Known Member
Silver Stacker
[youtube]http://www.youtube.com/watch?v=7cKTBy7_S_I[/youtube]

Words vs Action.
 
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.
 
W.r.t. her closing statement, maybe the issue is that it IS deemed criminal to possess an ounce of cocaine :P
 
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'.
 
JulieW said:
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'.
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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:
 
Car accident, Fraud, Stroke, Cancer, Scandal..... Cockroaches don't like the light, especially when it is focused.
 
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
 
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"
 
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

Asked why the government hadn't pursued criminal charges in a case where a large bank admitted to money laundering for drug interests, Attorney General Eric Holder said: "I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy." A senator admitted to being stunned by the frankness of the response. While Mr. Holder's no-nonsense answer got the widespread attention it deserved, it should have resonated most loudly with silver investors
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http://www.24hgold.com/english/news...20&redirect=false&contributor=Theodore+Butler
 
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