Talk about our fine upstanding bankers. If I was an alien from a distant world, and spoke a different language.... English would be quite a puzzle.
On Jan 27, 12:13 pm, Travis <[email protected]> wrote: > From: *Travis* > Date: Mon, Jan 26, 2009 > Subject: 'Drug money flowed into banks' > > *'Drug money flowed into banks'*** > > http://www.fin24.com/articles/default/display_article.aspx?Nav=ns&Art... > > Jan 25 2009 17:17 > > Vienna - The United Nations' crime and drug watchdog has indications that > money made in illicit drug trade has been used to keep banks afloat in the > global financial crisis, its head was quoted as saying on Sunday. > > Vienna-based UNODC Executive Director Antonio Maria Costa said in an > interview released by Austrian weekly Profil that drug money often became > the only available capital when the crisis spiralled out of control last > year. > > "In many instances, drug money is currently the only liquid investment > capital," Costa was quoted as saying by Profil. "In the second half of 2008, > liquidity was the banking system's main problem and hence liquid capital > became an important factor." > > The United Nations Office on Drugs and Crime had found evidence that > "interbank loans were funded by money that originated from drug trade and > other illegal activities," Costa was quoted as saying. There were "signs > that some banks were rescued in that way." > > Profil said Costa declined to identify countries or banks which may have > received drug money and gave no indication how much cash might be involved. > He only said Austria was not on top of his list, Profil said. > > - Reuters > > . > > __._,_.___ > Messages<http://groups.yahoo.com/group/grendelreport/messages;_ylc=X3oDMTJmZnZ...> > MARKETPLACE > ------------------------------ > From kitchen basics to easy recipes - join the Group from Kraft Foods > <http://us.ard.yahoo.com/SIG=13r7u685o/M=493064.12016295.13271503.1083...> > [image: Yahoo! > Groups]<http://groups.yahoo.com/;_ylc=X3oDMTJlcmY5N2Q3BF9TAzk3NDc2NTkwBGdycEl...> > Change settings via the > Web<http://groups.yahoo.com/group/grendelreport/join;_ylc=X3oDMTJnMWN2Nzc...>(Yahoo! > ID required) > Change settings via email: Switch delivery to Daily > Digest<[email protected]?subject=email+delivery:+Digest>| > Switch > format to > Traditional<[email protected]?subject=change+delivery+format:+Traditional> > Visit Your Group > <http://groups.yahoo.com/group/grendelreport;_ylc=X3oDMTJlbjRkYjM1BF9T...>| > Yahoo! Groups Terms of Use <http://docs.yahoo.com/info/terms/>| Unsubscribe > <[email protected]?subject=> > Recent Activity > > - 2 > New > Members<http://groups.yahoo.com/group/grendelreport/members;_ylc=X3oDMTJncnYw...> > > Visit Your Group > <http://groups.yahoo.com/group/grendelreport;_ylc=X3oDMTJmZmZtdjh1BF9T...> > Yahoo! News > > Odd > News<http://us.ard.yahoo.com/SIG=13ov3r2u8/M=493064.12016309.12445701.8674...> > > You won't believe > > it, but it's true > Cat Groups > > on Yahoo! > Groups<http://us.ard.yahoo.com/SIG=13ocp4uh7/M=493064.12016263.12445670.8674...> > > Share pictures & > > stories about cats. > Health Groups > > for people over > 40<http://us.ard.yahoo.com/SIG=13o9hnau5/M=493064.12662708.12980600.8674...> > > Join people who are > > staying in shape. > . > > __,_._,___ > > -- > *~@):~{> > > -- > *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
