from op-ed news....
"Meet Wachovia -- once the nation's sixth largest bank by assets" a too-big-to-fail bank that for the feds is apparently too-big-to jail.
Wachovia recently completed what amounted to a year-long probation arising from a March 2010 settlement deal with federal prosecutors who were pursuing criminal proceedings against Wachovia for its facilitating illegal money transfers from Mexico totaling $378-billion"a staggering sum that included billions traced directly to violent Mexican drug cartels.
The record $160-million fine slapped on Wachovia under terms of that settlement deal included a $50-million assessment for failing to monitor cash used to ship 22 tons of cocaine.(That fine amounted to less than two percent of the profits Wachovia made the prior year.)".............................LINK
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