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his entire argument breaks down when a cartel owns the entire vertical and doesn't need to pay fees at each stop along the chain
by yownie 3y ago
his entire argument breaks down when a cartel owns the entire vertical and doesn't need to pay fees at each stop along the chain
- notsound 3y agoI've never seen an instance of that happening. Could you send some examples of cartels owning banks or having a significant amount of control over them?
- ipaddr 3y agoIt's well known many banks in Mexico are cartel friendly. The Cayman Islands exist to laundry. The Panama papers has many examples Here is one cartels story: https://www.npr.org/sections/parallels/2014/03/20/291934724/awash-in-cash-drug-cartels-rely-on-big-banks-to-launder-profits https://www.npr.org/sections/parallels/2014/03/20/291934724/... Check out this story how things can work out https://www.propublica.org/article/china-cartels-xizhi-li-money-laundering https://www.propublica.org/article/china-cartels-xizhi-li-mo...
- NotYourLawyer 3y agoThese are still cost centers even if your organization owns them. The employees gotta eat.