U.S. Banks Laundered Mexican Drug Money, Says Report - DailyFinance

U.S. Banks Laundered Mexican Drug Money, Says Report - DailyFinance: "In April, Mexican soldiers searched a DC-9 jet that had landed at the international airport in the port city of Ciudad del Carmen, 500 miles east of Mexico City. On the plane they found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million.

Law-enforcement officials later also discovered something else. The smugglers had bought the DC-9 with laundered funds they transferred through two of America's biggest banks: Wachovia and Bank of America (BAC), Bloomberg Markets reports in its August issue."