Posted 10 years ago on Dec. 19, 2011, 6:55 p.m. EST by hymie
This content is user submitted and not an official statement
We've all heard about OWS protesters being criticized for doing drugs, but did you know what role Wall Street plays in the drug trade? Mike Rupert, an LA policeman will tell you all about it:
Here are a few snippets:
"But one guy I talked to was a guy named Rex Nutting, who was the bureau chief of CBS Market Watch--he is the head guy for CBS for the stock market. And we're sitting back in the room--I'm waiting for Huffington to get free--and I'm talking to this guy about the fact that Richard Grasso, the Chairman of the New York Stock Exchange, last July went to Colombia and cold-called on the FARC guerrillas and asked them to invest their drug money in Wall Street. And Rex Nutting says: "Well, of course they always go where the money is. It's obvious.""
"It's very interesting to note that one of the companies I track as far as laundering drug monies go--General Electric--happens to own NBC. Now, everybody knows that GE brings good things to life; they make DVDs, VCRs, television sets, telephones. When drug money in South America says they'd like to buy 100 million dollars worth of TVs and DVDs so that someone laundering drug money in Colombia can open a chain of appliance stores and make that money legal, GE asks absolutely no questions about where that money is coming from. As a matter of fact, there are no requirements for Wall Street to report drug money being invested."
Financiers on Wall Street and in London have been involved in the drug trade since the Opium Wars. In fact, it is thought that the global banking system was originally started to handle drug money.