Excerpt:
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.
Voltron says: many more explosive allegations in the full article:
Voltron says: you may recall this article I posted in December: http://cfcsux.blogspot.com/2009/12/drug-money-saved-banks.html
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