Thread: Citigroup Will Close Banamex USA, Pay $140 MILLION for Money Laundering

11/9/14

http://www.alipac.us/f12/u-s-banks-c...counts-314212/

How come we always hear about these supposedly large fines, but nothing about the prosecution and prison sentences of the corporate decision makers? As we've all heard before, these corporations just consider fines the cost of doing business. If we ever expect to see any real change, individuals directly responsible for the crime need to be sent to the big house!

If you put people in prison the taxpayers are stuck paying for the investigation, the prosecution, their transportation, food, clothes, medical care etc.

If you fine the company the government gets reimbursed for the investigation and turns a nice profit on it.

Companies will give a lot of money to keep their CEO and other top people out of prison and keep the company turning a profit (and paying taxes) and all of their employees working (and paying taxes.) And keep the stockholders happy and making money. (And paying taxes.)

If you destroy the company all of the employees lose their jobs (and stop paying taxes), and the shareholders lose their money (and stop paying taxes)

IT'S ALWAYS ABOUT THE MONEY.

Originally Posted by JohnDoe2

If you put people in prison the taxpayers are stuck paying for the investigation, the prosecution, their transportation, food, clothes, medical care etc.

If you fine the company the government gets reimbursed for the investigation and turns a nice profit on it.

Companies will give a lot of money to keep their CEO and other top people out of prison and keep the company turning a profit (and paying taxes) and all of their employees working (and paying taxes.) And keep the stockholders happy and making money. (And paying taxes.)

If you destroy the company all of the employees lose their jobs (and stop paying taxes), and the shareholders lose their money (and stop paying taxes)

IT'S ALWAYS ABOUT THE MONEY.

So are you suggesting fines instead of individual prosecution is going to solve the problem? I would disagree 100%! Those individuals guilty of a crime need to be punished according to law. That's one of the problems with our country today ......... failure to hold folks responsible and accountable for their actions.

Don't forget that city, county state and federal governments have no money other than what they take from people and companies as taxes, fines and fees.

Their goal is to keep the money coming in.

Putting people in prison doesn't keep the taxes, fines and fees coming in.

Their goal is different from wanting to hold people accountable.

I'm not saying that is the way it should be.

I'm saying that is the way it is.

Originally Posted by MW

So are you suggesting fines instead of individual prosecution is going to solve the problem? I would disagree 100%! Those individuals guilty of a crime need to be punished according to law. That's one of the problems with our country today ......... failure to hold folks responsible and accountable for their actions.

Money laundering is a new crime. The first laws passed about it were passed in 1970 as part of the failed "War on Drugs". These laws haven't curtailed the illegal drug trade. These laws haven't accomplished anything positive for our nation or our people. Quite the reverse, they have in the course of enforcing these laws against drug dealers and other illegal enterprises stomped on the privacy rights of all Americans.

In my opinion, we should end the War on Drugs, legalize and regulate the business, make it a US-Citizen-only owned and operated domestic-only (no imports, no exports) business from A to Z, tax it under the FairTax, and use part of the tax proceeds only drug usres pay to better educate our people about the real risks and consequences of using drugs and provide free rehab on demand without stigma for anyone who wants or needs it.

These money-laundering laws do not benefit the US or our citizens, instead they harm both. Why do we care if drug money sucked out of our economy by illegal enterprises finds its way back into our banking system and money supply? We don't. To care would be too stupid to believe. Ironically, while sounding good on the surface, money laundering laws weren't designed to benefit the US or the American People, they were designed to help foreign governments keep the money their people earn in foreign illegal drug and other illicit sales in the US in their own country in their banks while giving authority to our government to spy on Americans through their banking transactions.

When you stand back and look at some of these laws like anti-drug laws and their related anti-money laundering laws, you see the motive for these laws were not for US, they were for the benefit of foreign governments, foreign interests and foreign persons. I mean why would our government want to prevent money taken illegally out of our economy from finding its way back home into our banks
where it belongs?

Also, like the income tax, anti-money laundering laws were first passed by Democrats when they controlled the US Congress.

I'm no fan of Citigroup, but I see no benefit to our country of anti-money laundering laws and believe they should all be repealed so freedom and privacy can be restored to our private banking system.

Judy wrote:

I'm no fan of Citigroup, but I see no benefit to our country of anti-money laundering laws and believe they should all be repealed so freedom and privacy can be restored to our private banking system.

Sometimes you just amaze me, Judy. So are you actually suggesting we aid the drug cartels by allowing U.S. banks to profit from the cleaning of illegally obtained drug money?

12/1/14

http://www.alipac.us/f19/some-banks-...border-315395/

Originally Posted by MW

Sometimes you just amaze me, Judy. So are you actually suggesting we aid the drug cartels by allowing U.S. banks to profit from the cleaning of illegally obtained drug money?

This is what I suggested:

Money laundering is a new crime. The first laws passed about it were passed in 1970 as part of the failed "War on Drugs". These laws haven't curtailed the illegal drug trade. These laws haven't accomplished anything positive for our nation or our people. Quite the reverse, they have in the course of enforcing these laws against drug dealers and other illegal enterprises stomped on the privacy rights of all Americans.

In my opinion, we should end the War on Drugs, legalize and regulate the business, make it a US-Citizen-only owned and operated domestic-only (no imports, no exports) business from A to Z, tax it under the FairTax, and use part of the tax proceeds only drug usres pay to better educate our people about the real risks and consequences of using drugs and provide free rehab on demand without stigma for anyone who wants or needs it.

These money-laundering laws do not benefit the US or our citizens, instead they harm both. Why do we care if drug money sucked out of our economy by illegal enterprises finds its way back into our banking system and money supply? We don't. To care would be too stupid to believe. Ironically, while sounding good on the surface, money laundering laws weren't designed to benefit the US or the American People, they were designed to help foreign governments keep the money their people earn in foreign illegal drug and other illicit sales in the US in their own country in their banks while giving authority to our government to spy on Americans through their banking transactions.

When you stand back and look at some of these laws like anti-drug laws and their related anti-money laundering laws, you see the motive for these laws were not for US, they were for the benefit of foreign governments, foreign interests and foreign persons. I mean why would our government want to prevent money taken illegally out of our economy from finding its way back home into our banks
where it belongs?

Also, like the income tax, anti-money laundering laws were first passed by Democrats when they controlled the US Congress.

I'm no fan of Citigroup, but I see no benefit to our country of anti-money laundering laws and believe they should all be repealed so freedom and privacy can be restored to our private banking system.