Why banks love the drug trade

This clip of the documentary "Cocaine Cowboys" explores the larger effects of the inflow of drug money (described by local reporter Al Sunshine and others as "blood money") into Miami's economy during the '70s and '80s.

One example of why bankers love
drug money.

Video:

Banking malfeasance The city cocaine built

Ken McCarthy
Real Econ TV

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Criminals built most of our cities with thier illegal money, it is called criminal enterprise....