Sunday, December 13, 2009


UN Official Says Drug Money Saved Banks

The Guardian has posted what is likely to be another controversial article which relates a claim by the head of the UN Office on Drugs and Crime, Antonio Maria Costa, that drug money laundered by financial institutions played a major role in propping up troubled banks during the financial meltdown. Of course such claims are nothing new, but to hear it from a UN official carries more weight with the general public. For those interested, one good source of background information on the murky world of finance and drugs is the From the Wilderness archives (push the “Search” button at the top and do a keyword search).

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