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Chet Ruminski Wrote: Would Manafort have been home free except for Mueller? Wonder how many crooks are still out there.
I just finished listening to Ezra Klein's interview with Adam Davidson (formerly of NPR's Planet Money; currently at The New Yorker) and he said something that I always suspected, but still blew me away:
"Money laundering is rife in specifically real estate in New York, London, and Miami. That's something the US Government recognizes, the UK Government recognizes, and does way too little about. It's very rarely prosecuted. It's billions of dollars. I spoke with the former head of real estate regulation for the New York State Department of Financial Supervision and he told me that there was a genuine conversation at the highest levels and the decision was 'we can not come down too hard on money laundering because it would devastate the New York economy.'"
He went on to discuss that this wasn't simply a New York City problem, but a global problem. And while Russia is a big player in this money laundering game, they surely aren't alone.
Hell - take a drive in Portland after the sun goes down and you'll see entire floors of high-rise condos with their lights turned off even though they are completely sold out.
And if it's happening in Portland then it's surely happening in Seattle, San Francisco, Las Angeles, Houston, Miami, and every other major city in the country. It's also happening in Paris, London, Munich, Dublin, and every other major city in the Western world.
Money laundering has basically become "too big to fail."