Tuesday, June 29, 2010


Banks Financing Mexico Drug Gangs Admitted in Wells Fargo Deal

From Bloomberg

June 29 (Bloomberg) -- Just before sunset on April 10, 2006, a DC-9 jet landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. As soldiers on the ground approached the plane, the crew tried to shoo them away, saying there was a dangerous oil leak. So the troops grew suspicious and searched the jet.

They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else.

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., Bloomberg Markets reports in its August 2010 issue.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers -- including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

The admission came in an agreement that Charlotte, North Carolina-based Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years...


Meanwhile a congresswoman, Homeland Security and the scumbags on Fox News are pushing the same tired Israeli propaganda about Hamas and Hezbollah working with Mexican drug cartels on the Mexican border as you can see here.

This story is not a new one, it's old and fake, like everything the corporate establishment creates. Here is their last bit of cow crap from two years ago.

As Infowars said then:

Editor’s note: Of course, this is utter nonsense. The CIA — in collaboration with Wall Street banks and the Pentagon, is behind the Mexican drug cartels — not Muslims. “The U.S. Central Intelligence Agency, as is by now well-known by anyone who has cared to be informed, has long been deeply involved in the international trafficking of the addictive drugs heroin and (since the early 1980s, if not earlier) cocaine, the enormous profits from which have financed, and continue to finance, both U.S. covert operations and the U.S. military (via payments to Pentagon contractors).”The CIA
America’s Premier International Terrorist Organization.

What Really Happened goes further debunking the current congresswoman's claims:

Sue Myrick is a card-carrying Israel-Firster, and a signatory to the "Hoyer-Cantor Letter reaffirming the US-Israel Alliance",as confirmed at the following AIPAC website:


Note that she is also prominently displayed at the AIPAC website with a link to her own official website as follows:


Notice also that Ms. Myrick presents absolutely no proof of this allegation; she simply has made this allegation against Hezbollah per se.

One has to wonder if this accusation is the ramp-up an Israeli "false flag" against a US target, to be blamed on either Hezbullah or Iran.

But the most ludicrously hysterical portion of this article is the following bit:

"The congresswoman, who is a member of the House Intelligence Committee, said members of drug cartels imprisoned in South America have been spotted lately tattooing Persian writing on their bodies, evidence of Iranian involvement."

According to:


Tattoos are strictly forbidden under Islam because they are perceived as mutilating the body.

That this woman actually sits on the House Intelligence Committee is truly frightening.


  1. For once the banks are doing something good!! Our entire economy, and possibly the world economy, would have collapsed by now if they did not help facilitate the Grand Black Market. Only money that was circulating when Lehman Bros collapsed was drug money, and pulling a trillion dollars of cash flows out of the US economy would devastate everyone's savings, including holders of pensions and 401k.

    It's an Ugly reality, but it's the Truth!!

  2. every mafia runs drugs, it's a lucrative business for criminal organisations....this one is no different...:-)