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Drugs money saved the banks from collapse during global crisis, claims UN drugs and crime chief MODERN TIMES IN MUDSHIRES

21 hours ago ago from MODERN TIMES IN MUDSHIRES

From The Daily Mail 13th December 2009 By ANNY SHAW Antonio Maria Costa, United Nations' drugs and crime chief, claims that drugs money 'saved banks from collapse' Drugs money saved some banks from collapse at the height of the global crisis the United Nations' drugs and crime chief claimed today. Antonio Maria Costa, head of the UN Office on Drugs and Crime, told the Observer that there were signs that some banks were ...

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Two pieces, loosely joined

23 hours ago ago from Daniel Bachhuber's weblog

Part one. Late last night, Jay Rosen published a small peek at an idea for a new type of news site . ExplainThis.org would be a platform to connect users with questions to journalists with research and communication skills. Jay's perspective on this idea has a few notable features: users would be able to coalesce around questions by voting up the ones they have in common, the questions would be more complex that what could be answered through ...

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Did Drug Money Save the Banks??

18 hours ago ago from InsightAnalytical -- Watching Our World

~~By InsightAnalytical-GRL As if things couldn't get even MORE bizarre The Guardian/Observer is reporting that the UN's Office on Drugs and Crime suspects that $352bn in criminal proceeds was effectively laundered by financial institutions during the 2008 banking crisis: Drug money saved banks in global crisis, claims UN advisor snip Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that ...

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In The News Today

2 hours ago ago from Welcome To Jim Sinclair's MineSet

Jim Sinclair’s Commentary The Banksters are saved by the Gangsters. What a world we live in. Drug money saved banks in global crisis, claims UN advisor Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions The Observer, Sunday 13 December 2009 Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United ...

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Drug money saved banks in global crisis, claims UN advisor

23 hours ago ago from Wake-up Call

Drugs and crime chief says $352bn in criminal proceeds was effectively laundered by financial institutions Rajeev Syal The Observer 13 December 2009 Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations drugs and crime tsar has told the Observer . Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds ...

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David Paul: With Wall Street Shorting the Dollar, It is Time for Congress to Pursue Fundamental Change

15 hours ago ago from Huffington Post

Just imagine how angry the American public would be if they knew the whole story. For months, we have listened to the whining from Wall Street. U.S. banks are having a record year, and they want to be paid a lot of money. Billions and billions of dollars. Public indignation is deep. After all, over the past year, we have watched as hundreds of billions of dollars of public money has been poured into bank balance sheets. We have--we are ...

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