Congress and President Obama willing to overlook Wall Street involvement in illegal immigration

I posted this on TOP nearly two years ago, and no one cared.

It's well known that Congressional Republicans are prepared to do whatever it takes to defeat Obama's efforts to reform immigration.
  Immigrants children might carry ebola fer chrissakes! Not to mention the fact that those children are gang members.

  So it's understood that Republicans want to deport these illegal children for reasons of Freedum!
  But what Republican aren't prepared to do is defend Freedum if it means cutting into the profits of Wall Street banks.

 Major banks, including Bank of America Corp. (BAC), JPMorgan Chase & Co. and Wells Fargo, have been used as financial conduits for the smuggling industry, according to evidence in a federal criminal case against a gang of 15 human smugglers and warrants from prosecutors in Arizona, Maryland and Texas.
   “Human smuggling is a big business,” says Stephen Adaway, chief of the U.S. Homeland Security Investigations unit for human smuggling in Washington. “And they couldn’t operate on the scale they do without the banks.”

 It's already well known that Wall Street banks are involved in laundering money for drug cartels and terrorist groups, but their involvement in human smuggling (one of the largest businesses in the world) is less known.

  “The regulators and the bankers are not doing a very good job of policing their accounts,” says former Arizona Attorney General Terry Goddard, who led probes of human smugglers while in office from 2003 to 2010. “There’s a level of ordinary suspicion that banks and regulators are failing to employ.”
   The 1970 Bank Secrecy Act and the 2001 Patriot Act require banks to monitor transactions for activity that may be tied to money laundering and other crimes, including human smuggling. Banks must appoint a compliance officer, identify crimes its customers are at risk of committing and develop policies to detect and stop such transactions.

 So it seems obvious that if Republicans really wanted to crack down on illegal immigration they would crack down on the financial conduits of it, the coyotes, right?

 But in failing to stop human smugglers from using their institutions, banks enable the illicit and often violent trade to continue, says Tom Welch, who heads the financial crimes unit at Homeland Security’s Arizona office.
   “Way more money is going through than we’re definitely comfortable with,” Welch says. “We’re losing the battle.”
   Although immigration has topped the political agenda in the U.S., neither the White House nor Congress has targeted the role banks play in financing smuggling.

 Doesn't that seem a little curious? When it comes to terrorist groups and tax evasion the government has no problem at all at cutting of the financial conduits.
   But when it comes to human trafficking, suddenly its all about punishing the people who are being exploited, not the people making the money from doing the exploiting.

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We have no functioning democracy and elected officials, with a few exceptions, have no moral or ethical compass. Glad you posted this.

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"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"

thanatokephaloides's picture

Doesn't that seem a little curious? When it comes to terrorist groups

.... or ordinary citizens .....

and evasion the government has no problem at all at cutting off the financial conduits.

That's right. Terrorists and John/Jane Q. Public, throw the book at 'em!

But when it comes to human trafficking, suddenly its all about punishing the people who are being exploited, not the people making the money from doing the exploiting.

[Cenk Uygur voice:] Of cooooourse!!

The victims don't have money for lawyers; let's punish them first and foremost! Never mind that the situation that put them where they are is mostly OUR fault by ramming NAFTA and CAFTA through! And, after all, there are rich pickings indeed on the "dark side": lovely de-facto campaign contributions and dirty-tricks operations galore to be supplied by the "coyotes" as long as we leave them alone!

Grrrr. Diablo

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"US govt/military = bad. Russian govt/military = bad. Any politician wanting power = bad. Anyone wielding power = bad." --Shahryar

"All power corrupts absolutely!" -- thanatokephaloides

Get busted with a joint, go to jail. Launder drug money, who - what?

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"Religion is what keeps the poor from murdering the rich."--Napoleon

sojourns's picture

as often as not, when reading something like this, the sense of impotence to do anything about it is crippling and people, they just go on.

Though I won't disagree with you that TOP has it's own special brand of indifference, largely derived from willful ignorance.

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"I can't understand why people are frightened of new ideas. I'm frightened of the old ones."
John Cage

lotlizard's picture

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sojourns's picture

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"I can't understand why people are frightened of new ideas. I'm frightened of the old ones."
John Cage

gulfgal98's picture

were far too busy defending the "best President evah" to admit that he was more of the same old neo-liberal bullshit. Obama is the biggest con job ever pulled over the people of the United States.

This stuff is extremely important if we are ever going to be able to take back our government from the oligarchs. Unfortunately too many people are falling for the deflection techniques used by the powers that be and blaming the wrong people. The latest official deflection boogyman is the Russians. (shakes head)

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Do I hear the sound of guillotines being constructed?

“Those who make peaceful revolution impossible will make violent revolution inevitable." ~ President John F. Kennedy

made that went unfulfilled. I bet he and the banker-types had many a good laugh at our expense while playing golf and swilling drinks at the 19th hole.

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"The justness of individual land right is not justifiable to those to whom the land by right of first claim collectively belonged"

lotlizard's picture

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earthling1's picture

will take human smuggling money, drug money, and terrorist dollars, but not pot money.

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Neither Russia nor China is our enemy.
Neither Iran nor Venezuela are threatening America.
Cuba is a dead horse, stop beating it.

You have to draw the line somewhere.

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