Browsing: mexico

The chief compliance officer of Britain’s HSBC Tuesday said he was stepping down from that position after an investigation found that lax controls at the international bank allowed Mexican drug cartels to launder billions of dollars through its U.S. operation and other illicit transactions.

The federal government’s effort to battle drug abuse has been a tragic and expensive failure. But of course, admitting that would make politicians, who regularly endorse it to sound tough, seem foolish and careless with taxpayer dollars. So the War on Drugs continues, while of necessity it slowly morphs into new forms of federal waste and unnecessary intrusion into people’s lives.

The Drug War is over. The U.S. government hasn't stopped arresting people for using pot and other illicit substances. But no one seriously believes Washington is going to "win," whatever that means. The Drug War is on autopilot, with American politicians afraid to admit the obvious.

Incoming Mexican President Enrique Pena Nieto will inherit a drug war that has cost more than 47,000 lives since 2006. He’s betting that the Colombian general who helped take down kingpin Pablo Escobar will help him win.

The top three contenders for Mexico’s presidency have all promised a major shift in the country’s drug war strategy, placing a higher priority on reducing the violence in Mexico than on using arrests and seizures to block the flow of drugs to the United States.
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