- Are not corrupt
- They don't have lackey's in Washington who cover for them and prevent them from being prosecuted
- Thay don't pay themselves enormous bonuses at the taxpayer's expense
- They don't overcharge those same taxpayers for their banking services
- They don't have the clout in Washington to make taxpayers pay for their bad bets in the markets.
- In fact I think the below story was generated by some conspiracy nut at Bloomberg who refuses to believe what the press and administration officials are telling him.
-Naive-
...They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, Mexican prosecutors later found. Law enforcement officials also discovered something else.
The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the U.S.: Wachovia Corp. and Bank of America Corp., Bloomberg Markets magazine reports in its August 2010 issue.
This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers -- including the cash used to buy four planes that shipped a total of 22 tons of cocaine.
http://www.bloomberg.com/news/2010-06-29/banks-financing-mexico-s-drug-cartels-admitted-in-wells-fargo-s-u-s-deal.html
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Banks are honest is that a joke.
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