Drug Trafficking and the Financial System: Ivanov in South America
July 18, 2012 • 8:35PM

The billions of dollars that the drug trade injects into the bankrupt financial system through money laundering has been used to recapitalize the financial sector. In light of the revelations about HSBC, the LIBOR scandal, and the potential for the reintroduction of Glass-Steagall, there is now an opportunity to do away with the entirety of the deadly drug trade.