Money Laundering

[P.C. van Duyne]

Greeks & Italians take their savings by the billion out of the country, willingly accepted by foreign banks: is this not money laundering?

Point of discussion

[Cammy May Hunnicutt]

Doesn't laundering involve illegal money.

Personally I would ask what right a country has to restrict people taking their money wherever they want.

But if I HAD to launder money,  I'd use Woolite and Axion bleach.

[Brian Hoffman]

I'm baffled.  What does this have to do with writing or reading crime fiction?

[Benjamin Sobieck]

Uh...yeah. Any reason we're being bombarded with this topic, P.C.?

[Cammy May Hunnicutt]

I can see where it could be.  I'd love to see PC tune it in a little.

[Jon Loomis]

Nah.  If I had money in the Greek banking system, I'd have pulled it out months ago.  There's a plot for at least one legal thriller (or heist story, or both) in the Greek meltdown and eventual default, though--lots of people are getting very rich betting against the Greek economy and banking system right now, and somebody (or several somebodies) has done a very clever job of making billions of Euros go poof.

[Cammy May Hunnicutt]

Totally agree, Jon.   I would think anybody who knows about banking and such could create a "SIlver Bears" type thriller, or maybe a smaller scale mystery kind of thing out of this.  DEFINITELY a con-game caper.

[P.C. van Duyne]

Sure, I would have done so as well, joining the flight capital. The movement of capital is a combination of (dis)trust, loss avoidance and profit expectation. But now you must put on your criminological glasses (we are on crimespace, aren't we?) and read the UNODC report on laundering: 3,2% of the GDP is proceeds. The you will see how hypocritical and unfouded the UN reports on this issue of laundering is.

 

[Cammy May Hunnicutt]

OK, now I'm baffled, too.