AMEXICA,LAUNDERED DRUG MONEY TO LARGE AMERICAN BANKS, BORDER SOLUTION ALONG AMEXICA

Ed Vulliamy's book "AMEXICA" details the border carnage, and exposes to the American public, the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history, a sum equal to one-third of Mexico's gross domestic product.  Wachovia bank, which was later purchased by Wells Fargo bank, admitted in court, that it didn't do enough to spot illicit funds in handling $378.4 billion for Mexican currency exchange houses, from 2004-2007.  Wells Fargo and Company, has admitted in court that its unit failed to monitor and report suspected money laundering, by narcotics traffickers.  Wachovia had struck an agreement with Federal prosecutors, a slap on the wrist, which included a small fine compared to their yearly profit, with a pledge to discontinue the practice. Wells Fargo bank, after buying Wachovia, paid $160 million in fines, less than 2% of its $12.3 billion profit in 2009.  "Wachovia's blatant disregard for our banking laws gave international cocaine cartels a virtual carte blanche to finance their operations," said Jeffrey
Sloman, the federal prosecutor who handled the case.
         Western Union was also given a huge fine with a promise to discontinue this practice.  The Federal government has held this "wink and a nod" policy of "no prosecution" or jail time for CEO's of large banks, for many years, largely due to their concern that if they prosecuted the large banks, there could be a run on the banks, and cause a panic.  This is part of the U.S. government's irrational fear of large banks being "Too Big To Fail."  Even with the profit from the laundered drug money, and subsequent buy-out by Wells Fargo bank, Wachovia has vanished from the international money scene.  They were not given TARP money, allegedy due to their Bank Secrecy Act violations. 
          Ed Vulliamy in his book "AMEXICA" documents this cabal between the Federal government of the U.S. and the large banks, and the violent drug trade that has convulsed Mexico for the past four years.  It has been a largely undocumented role.  Large criminal enterprises cannot function without money movement and placement of funds.  The major media outlets in the U.S. have basically ignored the border war, which has taken over 30,000 lives.  Michael Crichton was wrong on this border disaster.  In his book "State of Fear", he claims that the media chases down every disaster that happens, to put its readers in a state of fear to catch their attention, to watch an advertisement and sell a product.  For some unknown reason the U.S. media has stayed away from the long border war and its carnage.  How can they ignore a war that is close to taking as many lives as the Vietnam war?
           One solution would be to fine banks up to $5 billion, when it is proved that they have violated the Bank Secrecy Act, and 10 to 20 years jail time for the Act violators.  This would seriously dent their profit and discourage the practice.  The DEA has thousands of agents presently working on the problem. 
            Ed Vulliamy writes way too much detail of the carnage from his long trip along the border from San Diego to Matamoros, but his main theme of the cabal created to operate the cartels is valid.  One scene of carnage on the Bridge of Nightmares is enough.  Does anyone in the Federal government have a solution to this mass carnage?  Read my next Blog.