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The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

theguardian.com

31–40 of 191 posts

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#31
post #3

Ah yes let’s ruin someone’s life over $200 but nobody look at Trumps accounts. He definitely was debanked for political reasons and not because he was laundering money.

the problem with Poe's Law is that when someone else violates it by misreading your sarcasm you're the one who has to pay the fine in fake internet points.

Internet points are real and carry weight. Online friends are real, too.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#32
post #22

Earlier quoted context omitted.

I'm not sure that more information will help those people. I saw an interview with a Haitian-American restaurant chain owner who voted for Trump and was dismayed that he might have to close a couple of locations due the removal of Temporary Protective Status for Haiti causing him to lose employees. He said that Trump sold him on the idea that "he was a businessman, and would act like a businessman", and that he now r…

> Also Trump's history as a "businessman" is anything but wildly successful or something to envy. Maybe we should stop treating these contradictions with Polyanna level of naivety. What is more likely: a.) these people did not seen the obvious contradictions or b.) these people are giving out publicly palatable sympathetic responses. It is all economic vote, except that conservatives were never good for small busines…

> What if these people ... What if

What if we got proper stats instead of adding slices to the pie chart not knowing how big they are.

"What if they were all perverts". Well, that would have been remarkable in the distribution of chances.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#33
Money laundering is an absurd concept. People should be free to transfer money to whoever they like, without permission. It is a fundamental purpose of money. To deny this purpose puts the validity of particular money into question. Putting up fences results in a very high rate of false positives. No wonder people use crypto as they should.

If you want to go after cartels, then actually go after cartels. That's not what they're doing.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#34
post #23
post #10

I forget where I read this but I agree that if you want to know the real reason for a government policy, look at the effect is has. It's pretty obvious what they're doing.

So there is no such thing as unintended consequences? Everything always works to the master plan?

Don't you know? Our great leaders are playing 4d chess on a higher dimension and everything they do is carefully planned and executed. Every failure and blunder is a move beyond our comprehension as part of the supreme master plan. Haven't you read The Art of War???

Obviously sarcasm... But in all seriousness, it's scary how many people genuinely believe this.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#35

He's also making it difficult/impossible for people without work visas to obtain auto loans which is destroying the used car market in latino communities and cities with large latino populations. Executive Order 14406 defends this with, > Low-dollar cross-border funds transfers have been used to facilitate or commit terrorist financing, narcotics trafficking, human trafficking, and other illegal activity. They're ban…

One day hopefully another president will use the national security drum to close down all Trump golf resorts and properties on the grounds that they are used to facilitate illegal activity.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#36

He's also making it difficult/impossible for people without work visas to obtain auto loans which is destroying the used car market in latino communities and cities with large latino populations. Executive Order 14406 defends this with, > Low-dollar cross-border funds transfers have been used to facilitate or commit terrorist financing, narcotics trafficking, human trafficking, and other illegal activity. They're ban…

>He's also making it difficult/impossible for people without work visas to obtain auto loans [...]

>They're banging the national security drum to make it unlivable here for some.

But they're not supposed to be here in the first place? As for the people who are supposed to be here, but are collateral damage (ie. "which is destroying the used car market in latino communities") should we have sympathy for people in such situations? If a local casino is laundering money for drug cartels, but that casino funds the community because it employs workers, should we be against the FBI coming in and busting the casino? What if it's more benign than drug cartels, like run of the mill securities fraud?

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#37
post #20

Earlier quoted context omitted.

> He definitely was debanked for political reasons and not because he was laundering money. What proof do you have? On what planet would major banks piss off the most capricious and unrestrained president in modern US history? What possible upside could there be for them? Trump (34 time fraud felon known for scamming everyone he can and using his position in government to massively enrich himself) was almost certainl…

Congratulations on your humour bypass! I hear it's a difficult surgery. You must have had a good surgeon.

And to think I have censored my "Welcome to the Internet, where you will find post-flatearthers that believe in the shape of a 2.5d Moebius bottle".

Given the type of things vocal people believe, no, posters must know we cannot assume people be joking.

Re: The US tried to stop cartel money-laundering; devastated mom-and-pop businesses

#40
It surprises me how much Americans don't understand how deeply the cartel is in every transaction. Yes, sending money to Grandma to pay for a car is funding the cartel who probably got paid to make the car available. Grandma may even pay small direct bribes to the cartel just to be able to live her life.

Either all of Mexico can move to the US (probably not a winning solution) or we can make Mexico a safe and excellent country again, and that means getting rid of the cartel.

And yes, other countries have their issues too and we should help stabilize those countries as well.

If the Mexican government can fix their cartel issue, we can go back to normal remittances. Until then the US will make policy choices to resolve problems.

As always, the salt of the earth people will pay the cost for politicians being bad at things.

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