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Sunday, May 28, 2017

To grow up in South Florida during the 1970s and 1980s, as I did, wasn’t your typical American childhood experience. Back then the area was known as the most dangerous place in the country.

Carnage from the drug wars filled the local news long before “Miami Vice” became a hit TV show. By elementary school, my friends and I knew some of the lingo. A Colombian necktie wasn’t a piece of clothing, but a gruesome execution method. When I was 7 years old my barber was murdered in his shop, apparently over a drug deal.

It had been a long time since I thought much about those days. By chance I recently came across a fabulous documentary, “Cocaine Cowboys,” by Miami filmmaker Billy Corben. Then last month a Senate panel held a hearing on the U.K. bank HSBC Holdings Plc and its ties to drug lords, money laundering, al- Qaeda and rogue nations such as Iran and North Korea.

Here’s a bank with $2.7 trillion of assets that flouted U.S. laws for a decade, according to the July 17 report by the Senate Permanent Subcommittee on Investigations. HSBC turned a blind eye to organized crime, Mexican drug cartels and overseas terrorism financiers, and gave them access to the U.S. banking system. HSBC’s main U.S. regulator, the Office of the Comptroller of the Currency, for years tolerated its violations of anti-money laundering laws.

For this, HSBC and the OCC apologized. Justice Department fines are likely. It’s an outrage HSBC hasn’t had its U.S. banking licenses revoked, assuming the Senate panel’s report is accurate — and there’s no reason to believe it isn’t.

Let’s try out a novel idea: Banks that help drug cartels launder money and give cover to those tied to terrorism should be put out of business. Is that really so hard for everyone to agree on? Free markets have worked in the U.S. because we have the rule of law. It’s why so many investors from other countries want to do business here. When contracts are breached, courts can be accessed to enforce them. When individuals or companies commit crimes, they’re supposed to be prosecuted and punished.

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Copyright 2012 The National Memo

13 Responses to Cocaine Cowboys Always Know Best Places To Bank

  1. The congress protects these on going criminal enterprises because of all the campagin dollars that flows to them. Why strangle the golden goose. At least the office of homeland security should look into the nexus to terrorist organiations and follow the money. It may help track down some terror cells. Where are all these patriotic americans that still bank there, you know the ones that wrap the flag around themselves. I think as a start that any defense contractor should be told that the bank is a security risk and the Federal Govt will not do any business with them unless the accounts are closed. May not shut them down but will send them a wake up call.

  2. Uhhh…. Jonathan….. where would Obozo get his cocain from then? He IS an admitted user. He’s admitted to committing a felony. Why isn’t he in jail? He should be.

    Have a nice day!

    “Socialism is a philosophy of failure,
    the creed of ignorance, and the gospel of envy,
    its inherent virtue is the equal sharing of misery..”
    — Winston Churchill

    • Hey, OMG, I think you seem to have picked up another fan.

      Was ‘ol Winston having a bad hair day when he quoth the quote you quoted? Oh, wait, he didn’t have much hair, did he.

      • Metro!!!! Welcome back my friend. I’ve missed you greatly and was very sorrowful for your loss. I am happy to see you back in the fold.

        If you’re referring to Alpo’s post, no biggie. You know me. They more they hate, the more I love! hehehehehehehehehe

        Ol’ Winston knew what he was talking about. Remember, he was one of those staring socialism, and the murderous consequences of its implementation, straight in the face during those years. Unfortunately today, the radicals have taken over the educational system and many many young people, and even some older fools who should know better, are embracing the very antithesis of individual freedom and liberty, the very basis of the founding of America. So sad! 🙁

        Great hearing from you, Metro. I have to get running. Little guy has hockey tonight. Talk to you tomorrow.

        Have a nice evening, my friend!

        “Socialism is a philosophy of failure,
        the creed of ignorance, and the gospel of envy,
        its inherent virtue is the equal sharing of misery..”
        — Winston Churchill

        • Well get out there and cheer for Little Guy! I served my time as a hockey dad with two of my boys playing hockey. It’s a lot of fun though, isn’t it?

          Have a great evening!

    • Obozo, there you go windbagging again. Yeah it was a youthful indescretion. But, why aren’t you screaming for the arrest of George Bush, also an admitted user. ere’s another quote for you from a republican:

      ” Compassion is not weakness, and concern for the unfortunate is not socialism.” Hubert H. Humphrey

      • Deb… as far as I’m concerned, they can share the same jail cell. And by the way, Obozo’s cocaine use is reported to be much more recent, even while he was in the IL Senate and probably US Senate. Google “Larry Sinclair and Obozo” and listen to the party boy’s gay sex and drug exploits.

        Hubert was right… on an individual level. Only a moron believes charity is performed best by government. Why funnel money from private citizens into the hands of bureaucrats and politicians who take 90% of it for their own good?

        What is the difference between an armed robber stealing from you at gun point to give to someone else, and the government doing it? Besides the robber being more efficient?

        Have a nice day!

        America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. – Abraham Lincoln

  3. George W Bush was also an admitted coke user so why isn’t OMG calling for his arrest? Oh yeah cuz he is a biased troll who turns every comment stream into a baseless slander of Obama even when the article has nothing to do with Obama. Get a life you FOX paid ignoramus. Have a nice day!

  4. ” When individuals or companies commit crimes, they’re supposed to be prosecuted and punished.”

    Selective, Mr. Weil.. Here in America none of us are equals when it pertains to law and the process thereof. I think it started with Nixon and the hand slap that he received for his actions (responsibilities) and has culminated with the banking industry and the corporate world but I could be wrong, it could have gone back much farther.. (just because you wear armani doesn’t mean you’re ass don’t stink).

    • Yo Dawg! What up?

      Re: “(just because you wear armani doesn’t mean you’re ass don’t stink).”




      Good one, buddy. Can I use it some day?

      Have a great day, Dawg!

      “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” – Abraham Lincoln

      • Nice to hear from you friend Bozo.. Of course you can use it to your hearts content (I think I found it scrawled on a particularly nasty shithouse wall in Gooberville, Tn anyway) one wisdom for you though, “Try to hold yourself until AFTER you drive through Gooberville as those shitters are not pretty”..

        All in all a successful trip. Best of all, Romney has checked three countries off the list of ’1000 Places To Offend People Before You Die’.. Stephen Colbert

        Until later buddy.

        • Yo Dawg! That’s friggin funny! I think I’ve been there in Gooberville before. They don’t take kindly to yankees using their dumpers.

          Your pic of Bush is not accurate. They put Obozo’s ears on him. hehehehe!!

          Later, Dawg!

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