Slog
News & ArtsWednesday, January 11, 2012
Economy Bank of Mafia
Posted by Charles Mudede on Wed, Jan 11, 2012 at 7:43 AM
"Don't take this personally, it's just business."
Reuters reports that, according to one anti-crime group, the Mafia is now Italy’s largest “bank,” lending out some $179 billion each year, more than any other financial institution in the country...The Reuters story says organized crime accounts for about 7 percent of Italy’s GDP. An earlier story from 2008 reported that the ’Ndrangheta, the country’s largest crime group, makes up a stunning 3 percent of the GDP all by itself.
1
Reminds me of a joke.
What's the difference between a mafia skimming operation and an American multinational bank?
The mafia doesn't have ATMs.
What's the difference between a mafia skimming operation and an American multinational bank?
The mafia doesn't have ATMs.
3
I know you're workin for the CIA
They wouldnt have you in the MA-FIA
Why cant we be friends?
http://www.youtube.com/watch?v=XRGd0gD0Q…
They wouldnt have you in the MA-FIA
Why cant we be friends?
http://www.youtube.com/watch?v=XRGd0gD0Q…
6
Past Due, sadly, I think the Bank of Italy (later BofA) started out as a legitimate, honorable business. I could be wrong, I don't know that much about its history.
7
Bank of America could be purchased by the Mafia when the US government is too broke to bail out Brian Moynihan's baby a second time.
8
Don't forget that the original name of BoA was "Bank of Italy" when it was first founded in San Francisco.
9
#8
Right and don't forget all the Italians who have been killed in Seattle due to racism, white bread.
10
@7@8
Bank of Italy was indeed the progenitor of BofA, founded by A.P. Giannini, and he was no mobster - he was one of the first banker's to look out for the little guy, and he loaned money after the SF quake on a handshake. His history makes a good read, sounded like a pretty fair fellow. I was living in SF when that last of the Giannini's resigned from BofA, saying the bank had totally lost it's way from "AP"s principles
Bank of Italy was indeed the progenitor of BofA, founded by A.P. Giannini, and he was no mobster - he was one of the first banker's to look out for the little guy, and he loaned money after the SF quake on a handshake. His history makes a good read, sounded like a pretty fair fellow. I was living in SF when that last of the Giannini's resigned from BofA, saying the bank had totally lost it's way from "AP"s principles
11
@2
wins the thread
1906, Banco D'Italia takes purchase in San Francisco California etc...
Also, Roberto Calvi.
Is any of this really news or it just, "Remember! Be scared of the silent market!".
3% of the GDP? Wonder what % of the GDP our 1%er clubs, prison gangs and street gangs account for stateside.
wins the thread
1906, Banco D'Italia takes purchase in San Francisco California etc...
Also, Roberto Calvi.
Is any of this really news or it just, "Remember! Be scared of the silent market!".
3% of the GDP? Wonder what % of the GDP our 1%er clubs, prison gangs and street gangs account for stateside.
Advertisement
Most Commented on Slog
-
Hating People Doesn't Make Them Thinner by Jen Graves
-
Los Angeles Gay Bar Bans Bachelorette Parties Until Marriage Equality Is Attained by David Schmader
-
Fill in the Blank by Grant Brissey
-
This Reminds Me of the Great Calculator Scare of the Late '70s/Early '80s by David Schmader
-
Idiot Tries to Defend Bigoted Anti-Gay-Marriage Preacher on Anderson Cooper by Paul Constant
-
Six Moms with Too Much Time on Their Hands and a Shitty Website Decide to Fight Gay Superheroes by Paul Constant
-
What the Hell Is Wrong With Seattle's Pride Parade? by Dominic Holden
-
The Saturday Morning News by Unpaid Intern
-
Why Mayor McGinn's Wife Canceled Her Family's Seattle Times Subscription by Eli Sanders
-
The Sunday Morning News by Unpaid Intern
RSS
Facebook
Twitter
Comments (12) RSS