Turns out he actually did. Not because he invited the big banks to open their doors here. Well, he tried but they didn’t bite, or did they?, but by dragging his feet on regulation.
A post on the Standard blog drew my attention once again to the fact that for some reason which was not explained we were chucked off the prestigious “white” list of banking Nations because our banking controls allowed for way to much latitude in the way money can be laundered and hidden here. In fact we only know about this because a Lativan MP wrote a letter to Fairfax media announcing his intention to vote for the exclusion of New Zealand.
Now correct me if I’m wrong but we have been on that list for the longest time without a glitch and we are under governance of a banker aren’t we? A banker I might add who claimed banking was very “different” read honest in his banking days. A banker whom I would think should be petrified at the exclusion of the country he had come home to bring to greatness! A bank or a country is only as good as its reputation isn’t it?
So why is he dragging his feet? Laws have been put through under urgency as a matter of course rather than an exception as it was intended to be used and for one man to be able to register 2500 shell companies with ties to some of the most corrupt people such as notorious arms dealers releases more than a wiff of sulphur in the corruption stakes.
Turns out that the big banks have a problem. They love money and they don’t care where it comes from. Their problem? We do!
Most people who believe drugs are bad and think that the money earned with it is ill gotten and the result of crimes and therefore baulk at having to deal with both dealers and their money but it turns out that many banks would not have survived the first financial crisis without the the money they were laundering for the Drug cartels.
In fact in the video below Max Keiser and Stacey Herbert argue that the initial mortgage crisis was caused by the refusal of drug dealers to invest their cash in the big banks and drug money being the only liquidity left this caused the banks to freeze up!
In fact just yesterday it was exposed that Bank of America in which Johnnie “Derivatives” Key has most of his paper wealth was heavily involved in the laundering of money for amongst others Mexican drug cartels who are responsible for the violent and brutal deaths of over 40.000 Mexicans caught up in their criminal and corrupt practices.
Isn’t it funny how where ever banksters go the putrid smell of corruption soon follows!