PROHIBITION: Too-Big-To-Fail-Bailed-Out Banks Use Drug Money They Launder To Keep Afloat In Crisis

[Relugus]

The criminals on the streets are amateurs compared to the Wall Street gangsters.

[losolomo]

the light next to max's head is sitting atop of a pyramid

[sanewave]

most important news story in the past 10 years IMO

[VexZeez]

If Wachovia laundered $375billion in drug money, that in fractional-reserve would mean Wachovia could lend $3.750trillion?

[T0B0KKE]

@VexZeez Theoretically yes. The loaned to deposit ratio in modern banking is way less than 10%. Banks have leverage ratios of 20 to 1 or even 30 to 1.