It’s a scene familiar to anyone who’s seen Scarface, the 1983 classic starring Al Pacino as a Cuban drug dealer who makes it big in the cocaine business.
Tony Montana (Pacino) is holding court in his Florida estate. His visitor is a WASP-ish banker.
Bankers as a rule don’t make house calls. But Tony is no ordinary customer–his men literally haul bags full of bills into the bank when making deposits.
Except that now the banker has some unpleasant news for Tony:
“We’re not a wholesale operation. We’re a legitimate bank. The more cash you give me……the harder it is for me to rinse.
“The fact is I can’t take any more of your money unless I raise the rates on you.”
TONY: You gonna raise…
BANKER: I gotta do it.
BANKER: The IRS is coming….
TONY: Don’t give me that shit! Let’s talk. I’m talking. I go low, you go high. I know the game. This is business talk.
BANKER: Let me explain something. The IRS is coming down heavy on South Florida. There was a Time magazine story that didn’t help.
There’s a recession. I got stockholders I got to be responsible for. I got to do it, Tony.
TONY: We’ll go somewhere else. That’s it.
BANKER: There’s no place else to go.
TONY: Fuck you, man! Fuck you! I’ll fly the cash myself to the Bahamas. BANKER: Once maybe. Then what? You’ll trust some monkey in a Bahamian bank with millions of your hard-earned dollars? Come on, Tony. Don’t be a schmuck. Who else can you trust? That’s why you pay us what you do. You trust us.
Stay with us. You’re a well-liked customer. You’re in good hands with us.
(At this point, movie audiences burst into laughter. The line, “You’re in good hands with us” seemed directly lifted from the slogan used by Allstate Insurance: “You’re in good hands with Allstate.”)
Now, fast forward to 2014.
A Reuters news story dated May 21, 2014 noted that investigators from the Federal Securities and Exchange Commission (SEC) were probing Charles Schwab and Bank of America Corporations Merrill Lynch brokerage.
The SEC wants to determine if these brokerages violated anti-money laundering rules that require financial institutions to know their customers.
Broker-dealers are required to establish, document and identify customers and verify their identities in compliance with the Bank Secrecy Act.
In 2012, David Cohen, the U.S. Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen, ordered regulators to guarantee that financial institutions are identifying the true beneficial owners of their accounts.
The reason: Drug cartels and terrorist groups have become highly creative in hiding and transferring their illegal funds.
According to sources close to the investigation, Charles Schwab and Merrill accepted shell companies and persons with phony addresses as clients.
In both cases, some of the accounts were eventually linked to drug cartels. Some of those accounts held hundreds of thousands of dollars; others held millions.
A Texas rancher and Charles Schwab client transferred money to a holding company that was actually a shell company.
Most of the Schwab clients being investigated lived near the Mexican border. Some were linked to Mexican drug cartels.
No further stories could be found on the Internet to update the progress of these investigations.
In fact, the government should have assumed long ago that brokerage companies were engaging in such behavior.
As Niccolo Machiavelli warned in The Discourses, his landmark book on how to preserve freedom within a republic:
All those who have written upon civil institutions demonstrate…that whoever desires to found a state and give it laws, must start with assuming that all men are bad and ever ready to display their vicious nature, whenever they may find occasion for it.
Niccolo Machiavelli
If their evil disposition remains concealed for a time, it must be attributed to some unknown reason; and we must assume that it lacked occasion to show itself.
But time, which has been said to be the father of all truth, does not fail to bring it to light.
Whenever the creating of wealth becomes an end in itself, all other ends are sacrificed to this.
Greed begins in the neurochemistry of the brain. A neurotransmitter called dopamine fuels our greed. The higher the dopamine levels in the brain, the greater the pleasure we experience.
Harvard researcher Hans Breiter has found, via magnetic resonance imaging studies, that the craving for money activates the same regions of the brain as the lust for sex, cocaine or any other pleasure-inducer.
But snorting the same amount of cocaine, or earning the same sum of money, does not cause dopamine levels to increase. So the pleasure-seeker must increase the amount of stimuli to keep enjoying the euphoria.
Federal investigators need to view large concentrations of wealth as sources for at least potential corruption.
And they should ruthlessly–and routinely–investigate those sources, whether in the vaults of the Mafia or of major financial institutions.
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OBAMA AND TRUMP: DUELING LEGACIES IN FICTION
In Bureaucracy, History, Law, Law Enforcement, Politics, Social commentary on September 10, 2019 at 12:08 amPresidential legacies live on in unexpected ways.
Right now, the legacies of Barack Obama and Donald Trump are vying for the attention of—fiction readers.
In Hope Never Dies: An Obama-Biden Mystery, author Andrew Shaffer has fashioned a novel that is half-mystery, half-bromance.
Vice President Joe Biden has just left the Obama White House and doesn’t know what he wants to do with the rest of his life. Then Finn Donnelly, his favorite railroad conductor, dies in a suspicious accident, leaving behind an ailing wife and a trail of clues.
To unravel the mystery, “Amtrak Joe” calls on the skills of his former boss: The 44th President of the United States. Together they scour biker bars, cheap motels and other memorable haunts throughout Delaware.![]()
Then Biden unearths a disturbing truth about his longtime—and now dead—friend. This, in turn, leads Biden and Obama to uncover the sinister forces behind America’s opioid epidemic.
The book is pure fantasy fun, as evidenced from this review by Alexandra Alter in The New York Times:
“[Hope Never Dies is] a roughly 300-page work of political fanfiction, an escapist fantasy that will likely appeal to liberals pining for the previous administration, longing for the Obama-Biden team to emerge from political retirement as action heroes. But it’s also at times a surprisingly earnest story about estranged friends who are reunited under strange circumstances.”
A reader named Casey, reviewing the novel for Goodreads, writes: “While Shaffer could have leaned into nostalgia alone, he’s written a solid mystery with the characters fleshed out as more than just cliches.
“The reader really feels Biden’s longing to be helpful and his anguish over seeing 44’s legacy undone so quickly by an individual who shall remain nameless. (The presidential zings in this book are incredible, truly.)
“The tension between the two rings as true as it did when they were in office….By all means, this book shouldn’t work as well as it does. For a few hours, I got to enjoy the company of politicians who behaved like adults (mostly). It sure was nice.”
Contrasting with the relatively lighthearted fictional image of Barack Obama is the immensely darker one of Donald Trump.
Don Winslow offers Trump an extended cameo appearance in The Border, his massive, 736-page novel about America’s war on drugs—and the horrific violence it has spawned in Mexico. It’s the third of a trilogy of novels vividly portraying the violent costs of an unwinnable conflict.
Art Keller is a dedicated agent of the Federal Drug Enforcement Administration (DEA). For over 40 years, he has waged all-out war on Adán Barrera, the godfather of the powerful Sinaloa Cartel.
Appointed director of the DEA, Keller now faces a series of deadly enemies:
And heading this administration is John Dennison—Donald Trump in all but name—who:
Whereas the reviews for Hope Never Dies were as upbeat as the book itself, those of The Border reflect the novel’s mercilessly grim take on a war that can’t be won.
Los Angeles Times: “The Border is intricate, mean and swift, a sprawling canvass of characters including narco kingpins, a Guatemalan stowaway, a Staten Island heroin addict, a kinky hit woman, a barely veiled Donald Trump and DEA agent Art Keller, who….has been noble and merciless, a conflicted wanderer who makes America face the transgressions committed in its name.”
Rolling Stone: “Clocking in at over 700 pages, it is his most overtly political installment yet. He takes on the Trump administration directly, creating a fictional candidate, then president, who stokes racist fears of Mexicans, campaigns on ‘building the wall’ and, along with his venal son-in-law, gets caught up in a shady real estate deal involving Cartel money.”
NPR: “The Border becomes a book for our times. Like Shakespeare, it makes a three-act drama of our modern moment. Like Shakespeare’s plays, it shows us a world that is our own, a history that is our own, a burden that is our own, rendered out into the rhythm of scenes and arcs, chapters and parts.”
The signature slogan of Obama’s 2008 Presidential campaign was: “Yes, We Can!” The slogan of Trump’s 2016 effort could have been: “No, You Can’t.”
Obama concentrated the full force of his attention on reforming American healthcare—by making it available to millions whose insurance refused to provide coverage.
Trump’s top priority is to separate the United States from Mexico with an impenetrable wall—and he has even diverted $3.6 billion from Pentagon funding to pay for it.
Like John F. Kennedy, Barack Obama will likely be positively remembered as much for what he tried to do as what he succeeded at doing.
Like Richard M. Nixon, Donald Trump will likely be remembered as a menacing stain on American history.
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