Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

theguardian.com

Post reply on HN
Print view View original

71–80 of 200 posts

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

#71

Post by mdp2021 »

BobbyJo wrote: post #55
gruez wrote: post #36

Earlier quoted context omitted.

>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…

If we want to stop illegal immigration, "not getting a car loan" and "harder to move money across the border" feel like the most humane ways to slow it down. Plus, the drug trade coming in from Mexico is, in fact, a huge problem, not just for the US, but for Mexico itself. Mexico is run by cartels specifically because of how much money is made off selling drugs to Americans. This isn't some non-existent problem they…

> feel like the most humane ways to slow it down

(Let us not feel:) How many innocent economic actors does the regulation hit.

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

#72

Post by hadlock »

Krypto26 wrote: post #38

My question is , why don't these people have bank accounts?

Economists keep track of the number of "unbanked" people. At the lower end of the spectrum the % of "unbanked" individuals is quite high and they live almost exclusively in an all-cash economy. Particularly in immigrant communities. There are a number of problems with being "unbanked", in particular if your house is burglarized you can lose your entire life savings, and you have little to no access to formal credit, which in the US at least, is the primary path to accruing wealth or at least savings.

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

#73

Post by gruez »

count wrote: post #52
gruez wrote: post #49

Earlier quoted context omitted.

1. So you'd agree that AI datecenter with 100 (or whatever) jet turbines merely "lacks a permit" rather than "not supposed to be there"? 2. Practically speaking, how many people lack a work visa (or similar documentation), but are supposed to be here?

Spouses of folks on many kinds of visa are allowed to be here, but aren't allowed to work.

So why would anyone give a loan to someone who can't legally work? If it's really spouse that's the sole earner, why not have the spouse take out the loan?

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

#74

Post by palmotea »

Ekaros wrote: post #68
palmotea wrote: post #63

Earlier quoted context omitted.

Obvious solution is to make soft drugs like fentanyl fully legal. Just apply sufficient purity to standards as regulation like with any other drug. Issue solved instantly. It is not like other deathly drugs aren't already legal. [emphasis mine] sarcasm or typo?

Just pointing out the double standards and the main funding source being due to illegality. And we all known how many people die due to ethanol each year. But because it is drug of the choice by too many totalitarian fascists it won't get banned like other drugs do.

> Just pointing out the double standards and the main funding source being due to illegality. And we all known how many people die due to ethanol each year. But because it is drug of the choice by too many totalitarian fascists it won't get banned like other drugs do.

Alcohol is a drug with a huge amount of cultural significance going back millennia. Don't be a robot: it's in a different category and not a double standard.

Buy yeah, one easy solution to crime problems is just to make everything legal. Sure, it totally misses the point, but it seems very clever to the software engineer mind.

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

#75

Post by sherburt3 »

gamblor956 wrote: post #35
burger_moon wrote: post #28

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.

That already happened: https://www.cnn.com/2022/08/08/politics/mar-a-lago-search-wa...

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

#76

Post by watwut »

mdp2021 wrote: post #32
watwut wrote: post #22

Earlier quoted context omitted.

> 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.

> What if we got proper stats

We have plenty of those, we are just ignoring them.

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

There would be absolutely nothing remarkable about distribution of chances here. It is the most plausible and explanation. It is also completely consistent with all the data we have - including the fact that record of abuse never harms republican politicians. Instead, it raises their credit. It is also consistent with philosophies the leadership openly pushes for.

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

#77

Post by alistairSH »

gruez wrote: post #36
burger_moon wrote: post #28

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…

But they're not supposed to be here in the first place?

Like any other system, the purpose is what the system actually does. Especially a system that's been around for decades.

We let them in, so they can work our fields and process our meat and whatever else. We shouldn't be surprised they want to buy cars, own business, and do other completely normal things.

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

#78

Post by BugsJustFindMe »

gruez wrote: post #73
count wrote: post #52

Earlier quoted context omitted.

Spouses of folks on many kinds of visa are allowed to be here, but aren't allowed to work.

So why would anyone give a loan to someone who can't legally work? If it's really spouse that's the sole earner, why not have the spouse take out the loan?

Ability to work in a particular place and ability to repay a loan are not the same thing:

1) People get loans against assets literally all the time.

2) People can live and work in different places.

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

#79

Post by Ekaros »

palmotea wrote: post #74
Ekaros wrote: post #68

Earlier quoted context omitted.

Just pointing out the double standards and the main funding source being due to illegality. And we all known how many people die due to ethanol each year. But because it is drug of the choice by too many totalitarian fascists it won't get banned like other drugs do.

> Just pointing out the double standards and the main funding source being due to illegality. And we all known how many people die due to ethanol each year. But because it is drug of the choice by too many totalitarian fascists it won't get banned like other drugs do. Alcohol is a drug with a huge amount of cultural significance going back millennia. Don't be a robot: it's in a different category and not a double sta…

So it clearly is double-standard. Excusing it with "cultural significance" is clear example of something being double standard. And it is one of the worst reasons to have. Genital mutilation of children of both genders is also of "cultural significance" so I take those supporting allowing it are also reasonable? Or is that a different category because it is not your culture?

If keeping it illegal is not working clearly best move forward might be to look at making it legal thus solving the issue. And that does not miss a point. Lot of stuff previously illegal has been made legal. So why not drugs like fentanyl?

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

#80

Post by bix6 »

ratelimitsteve wrote: post #19
bix6 wrote: 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.

I live for downvotes tbh
Post reply on HN