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Politics : Politics for Pros- moderated

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To: Ish who wrote (99889)2/11/2005 11:15:24 AM
From: JDN  Read Replies (2) of 793729
 
Surely there is more to this story. How can a man be convicted because a drug dealer used drug money to pay his rent. How could the leassor possibly know where the money came from. There is another problem with the govt grabbing drug assets though. I used to audit a bank in Key West. Key west at the time, dont know now, had a major involvement in smuggling drugs into the USA using fishing, charter and other boats. The bank I audited had made commerical loans to fishing boat captains secured by their boats. As the boats were confiscated the bank LOST ITS COLLATERAL and had to write off the loans. The bank had no involvement whatsoever in the drug deals and knew nothing about them. jdn
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