CIA BANK’S TIES REVEALED

Back in col­lege, I always found it a lit­tle fishy that the deans at Georgetown essen­tially check­mated stu­dents into using Riggs Bank for their finan­cial needs. It was the only bank on cam­pus, besides a flac­cid stu­dent credit union. And the credit cards they pushed on kids came with inter­est rates that were down­right obscene.
Now, it’s become clear that bilk­ing a few fresh­men out of their beer money was the least of Riggs’ sins. Over the sum­mer, the bank was dinged for $25 mil­lion by the Treasury Department for money laun­der­ing. It’s been accused of hid­ing cash for the Saudi royal fam­ily and for the for­mer Chilean dic­ta­tor, Augusto Pinochet. And then there’s that mys­te­ri­ous “rela­tion­ship” with the CIA that the Wall Street Journal reported on a few weeks back.
The Public Accountability Initiative has a new report out on the bank — and its links to the Bush administration.

January 17th, 2005 | Uncategorized | Comments Off Both comments and pings are currently closed.