By David Sirota
March 5, 2013 | Salon
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Nor have any individuals been charged at the five other big European banks that have also managed to dodge formal money-laundering charges in recent years, including British bank Standard Chartered, which entered its own deferred prosecution agreement on Monday. Apparently, all of this constant money laundering was done by robots."The message this is sending is if you want to engage in money laundering, make sure you're doing it within the context of your employment at a bank," [Notre Dame law professor Jimmy] Gurulé said in a phone interview. "And don't go small. Do it on a very large scale, and you won't get prosecuted."
All we can really say is that we know that there is no evidence of reduction in violent crime when RTC laws are passed, and that, although there is evidence of increases in property crime, the theoretical basis for such a finding is weak. We do know that anything that increases the number of guns in circulation will increase the number of guns in the hands of criminals, since about 1.5 million guns are stolen every year. [Emphasis mine. - J]
[Professor of sociology Becky] Pettit realised that many surveys conducted by government agencies exclude people in the prison population from their research and findings. When Pettit added them in, she found that it dramatically altered the picture of the status of black America, as the number of black Americans in jail is disproportionately high. About half of the 2.3 million people in US prisons are black.[...] When prisoners are included, the employment rate for young black men who have dropped out of school sinks from an already low 42% to 26%.[...] "We have developed a distorted view of how black Americans are faring in our society," Pettit said. The reason given for this in Pettit's work is the high rate of incarceration of black Americans. The rate is so steep that government estimates suggest that eventually one in three of all black male adults will spend some time in prison if current trends continue.
In the 1930s, blacks were three times more likely to be incarcerated than whites, but the figure now is seven times more likely. Some experts put this down to the "war on drugs", which has affected black communities far more than others, seeing increased arrests of blacks, often for non-violent offences. "There is no evidence that drug use is dramatically different by race or ethnicity, but the pattern of arrests is very different," said Ernest Drucker, author of a recent book, A Plague of Prisons.