Money Laundering

How to Launder Money 101

Fri, 05/23/2008 - 12:12am — myiq2xu

Money laundering is the process of illegally transferring money without getting caught. It takes two forms:

1. Turning illegally obtained money into money that appears legally obtained.

This is your typical drug dealer with suitcases full of cash. As long as it is in cash, it can be stolen or seized by the authorities. It can't be deposited in the bank, and the IRS will be upset that they didn't get their cut. Just ask Al Capone.

If you stuff a million dollars in your mattress you probably won't sleep very well.

2. Legally possessed money transferred illegally to someone else.

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The text of HR676 (Medicare For All) as PDF (30 pages). The FAQ. Compare HR3200 with HR676.

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23:30:36 hipparchia and to you too!
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18:00:47 BDBlue That's true on healthcare, but I was talking about the Fed bill. When the WH surrogates try to water it down, will the blogs fall in line?
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15:40:03 BDBlue Re VL's post on the A-list, it will be interesting to watch the discussion of the bill on the blogs as the WH inevitably tries to kill it via various surrogates. Will we see the veal pen in action? And I agree this bill is potentially huge.
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The origin of the term is obscure; everyone talks about the duck pit, but nobody ever says where it is, what it is, or how the people destined for it will get there. Believed to be a Babylon 5 reference, however. Usage example: Aux duck pits, citoyens I found this at Orcinus: "Some liberal commenters, for instance, on certain threads I read have devised, satirically, a "duck pit" into which all conservative minions will be cast on the day of liberal reckoning, there to be nibbled to death by a thousand hungry ducks." If I remember correctly, it originated in comments at Atrios, as a response to violent threats by Right Wing trolls. Sometimes sillines and absurdity are are a good antidote for hatred.

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