fogforthought93

12 ms·

1.
by fogforthought93 4y ago
What would the short-term benefit of this be for the government?
2.
by fogforthought93 4y ago
This reads like a madlib, it can't be serious. Who's embezzling money here?
3.
by fogforthought93 4y ago
No, this is not new. This is one of the oldest games there is, so it's more like grooming young lawyers/bankers to step into a role, a type, that's existed for hundreds of years. You have a pipeline of strivers to choose from
4.
by fogforthought93 4y ago
No, it's far too risky and stochastic to rely on overheard bar convos for this kind of thing. To do this kind of large-scale fraud you need to be built into the system, you need reliable methods, backstops, entire plans for fall guys a
5.
by fogforthought93 4y ago
I'm not actually expecting a source—it was a polite way of saying that person has no idea what they're talking about. Your description is in line with what I've read—there's hardly a smoking gun, scruples are almost tota
6.
by fogforthought93 4y ago
Idk where you got that figure for the drug economy but $360B per year is on the low-end and likely outdated. Going off a UN report from the 90s, the illicit drug trade is similar to international trade in oil and gas—that's the order
7.
by fogforthought93 4y ago
Which one? Back up what you say. Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds of organised crime were "the only liquid investment capital" available to some banks on
8.
by fogforthought93 4y ago
I'm surprised that you'd bring up BCCI in this instance, an institution absolutely steeped in intelligence spookery. Refer to The Outlaw Bank by Jonathan Beaty. HSBC was founded to finance the Opium wars in China in the 19th centu
9.
by fogforthought93 4y ago
Do you have a source for the claim that drug cartels "try all the banks to see which ones they can launder money through"? I don't believe that's how it works at all. If you read, for example Drug Cartels Do Not Exist by
10.
by fogforthought93 4y ago
All kinds of source I'm sure—for example, the CIA has financed all sorts of black operations with drug trafficking since at least WWII. Now, that money would not be used to hire the rank and file, but it does relieve pressure on the bu
11.
by fogforthought93 4y ago
This style is ubiquitous—Terry Richardson, etc.