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Comment Re:"wire money to seemingly legitimate business .. (Score 1) 30

their seemingly inept methods of banking.

They're not being "inept" when they allow money laundering, it's an important portion of their business. Around a TRILLION dollars (yes, with a T) is laundered through the US banking system every year, we're the world's largest money laundry (mostly through banks, but also the stock exchange and real estate). They typically charge 10-15% for the service, which amounts to billions in revenue.

Under the Clinton Administration a sting was run against Banamex, the "drug smuggler's bank of choice", and they were caught knowingly laundering drug money and lost their license to operate in the US. His Treasury Secretary then resigned from "public service" to go run the money laundering ahem, "private banking" division of CitiCorp. He then engineered the takeover of Banamex with its valuable client list, and Treasury then restored their license to operate in the US.

That's how much the "regulators" worry about controlling money laundering.

Comment Re: It's about time. (Score 1) 17

You're misinterpreting what they're doing. They're blackmailing Apple and Google into giving them more money/insider information/work-free jobs for relatives/etc. Then when the legislation fails because Big Tech bribed enough congresscritters they can tell their constituents, "We tried oh-so-hard, maybe next time we'll actually do something that benefits the average citizen rather than the mega-corps!" Then they'll snicker up their sleeves, "But don't count on it."

Comment Re:First step. (Score 1) 64

Or if it's developed in China, where gouging for healthcare is prohibited. Already a lot of new drugs are being developed in China, licensed by US Pharma, produced mostly in China, imported to the US, and sold for 10-100 times the price.

https://ancillary-proxy.atarimworker.io?url=https%3A%2F%2Fopen.substack.com%2Fpub%2F...

Comment Re:There is nothing "well engineered" in that atta (Score 1) 41

I blame MBAs for that situation, mostly. To people who've never done the job programmers are fungible inputs, like plastic or solder. "A programmer is a programmer, right? If they can write device drivers to make my hardware work they should also be able to create a usable interface to it, build the database, configure communications protocols, and make the whole package secure! It's all programming, so what's the problem?" /s

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