Wachovia: The bank of choice for the drug cartels

Wachovia was fined $160 million from the Feds under anti-money-laundering laws, when they processed (laundered) money from Mexican currency-exchange houses.

Wachovia, in three years processed $373 billion in wire transfers, $47 billion in checks and $4 billion in bulk cash deposits from Mexican currency-exchange houses.

The Justice Department said as long as Wachovia now complies with the law, the slap on the wrist was a sufficient penalty. for aiding and abetting the dealers!

But if you bought any Mexican cocaine off the street you'll end up serving hard time.

But now, the Feds, Wachovia and the DEA are just one big happy family!