"Corruption: Federal Reserve Bank aiding lawbreakers"

[WhiskeyGirl]

One such program being utilized by illegal aliens from Mexico is a remittance program with the ultimate goal of bringing illegal Mexican aliens -- who send money home -- into the mainstream of the US financial system, regardless of immigration status. In other words, The Federal Reserve Bank is attempting to aid lawbreakers in moving their cash around in the US and Mexico. This is sure to include the myriad alien gangs and more than 50,000 gang members who are involved in narcotics trafficking, identity theft, homicides, and other criminal activity.

"Directo a Mexico," the name of the program, enables US commercial banks to make money transfers for Mexican workers through the Federal Reserve's own automated clearinghouse, which is linked to Banco de Mexico, the Mexican central bank. Few Americans are aware of the connection between the Fed and foreign banks and this program would be just another that exists in the shadow world of international banking.

To use the service, a Mexican need only possess a matricula consular, an ID issued by the Mexican consulate in most major US cities to those with proof of Mexican birth or citizenship, or a picture ID card issued by the US or another foreign government. The idea is to make it "cheaper and safer" for illegal workers to send funds to their relatives in Mexico.

...The Mexican drug trafficker will be able to take advantage of this new banking system as much as the illegal worker cleaning toilets.

How do these banks know that the money isn't from drugs?  Illegal activity?  Money laundering?

Picture I.D.?  Anyone ever hear of identity theft, fraud, and abuse?

Remittances sent by Mexicans topped $15.5 billion in the first few months of this year, 20 percent higher than the amount sent during the same period the previous year, according to Mexico's central bank, and this year's annual figure is expected to hit a new record.

I wonder why this segment of the economy seems to be booming?  Stimulus savings? 

"Now, if only Obama and the rest of our elected officials would look out for the interests of US citizens during these tough economic times," quipped political strategist Mike Baker.

"As for mobsters, they will have an even easier time laundering the ill-gotten gains, not to mention those thugs involved in terrorism," he added.

The Obama folks seem focused on going after some 'Swiss' bank accounts that might yield a few million in taxes...

Why not go after the billions?  What is the worst thing that would happen if they looked to those billions passing through the Federal Reserve for new tax revenue?


http://www.examiner.com/x-2684-Law-Enforcement-Examiner~y2009m9d8-Corruption-Federal-Reserve-Bank-aiding-lawbreakers