Which drug money laundering bank gets billions to bail it out? Citibank
Former private banker Antonio Geraldi, in testimony before the Senate Subcommittee projects significant growth in U.S. bank laundering. Some $500 billion of criminal and dirty money was flowing annually into and through the major U.S. banks. These yearly inflows surpass all the net transfers by the major U.S. oil producers, military industries and airplane manufacturers. The biggest U.S. banks, particularly Citibank, derive a high percentage of their banking profits from serving these criminal and dirty money accounts.
Former CIA officer John Brennan and former CIA officer Jami Miscik, both former intelligence officials under George Tenet, are leading Barack Obama's review of intelligence agencies and helping make recommendations to the new administration. Brennan has supported warrantless wiretapping and extraordinary rendition, and Miscik was involved with the politicized intelligence alleging weapons of mass destruction in the lead-up to the war on Iraq."
John Brennan was deputy executive secretary to George Tenet during the worst violations during the CIA period in the run-up to the Iraq war, so he sat there at Tenet's knee when they passed judgment on torture and abuse, on extraordinary renditions, on black sites, on secret prisons. He was part of all of that decision making.
As part of the CIA drug network, Noriega received millions of dollars in kickbacks from the Medellin cartel, laundering $90 million of it through BCCI. His credit was such that BCCI executives routinely took him and his mistress out for extravagant nights on the town, running up tabs of $100,000. According to Congressional testimony by former Panamanian consul Jose Blandon, the CIA had actually advised Noriega to use BCCI as his bank. They themselves were paying an additional $200,000 a year into his account there. BCCI's Panama branch, in the words of Time magazine, also "systematically helped Noriega loot the national treasury."
There is no question that BCCI was intimately involved in covertly funding the decade's secret wars. "Black funds" traveled through BCCI for the Contra war, the Iranian-Israeli payoffs, and large covert wars in Afghanistan and Angola.
Since its inception in 1972, BCCI was born and bred to move billions of dollars of blood money with no one seeing it. Time magazine wrote of the bank, "Superlatives are quickly exhausted: it is the largest corporate criminal enterprise ever." Even enemies were apparently welcome at the trough.
Source: 1. Confessions of an Economic Hit Man, by John Perkins
According to U.S. intelligence insiders, then-Vice President Bush authorized a Boeing 747 with a special "carriage" to airlift several tons of gold bars from Clark Air Force base in the Philippines to LaGuardia Airport in New York.