Financial Times, 7/18/12
This week’s US Senate probe into HSBC’s laundering of Mexican drug money seems to confirm Mr Calderón’s complaints. In many ways, it also confirms the popular Mexican notion that when it comes to the “War on Drugs”, Mexico provides the deaths while the US gets to keep all the money.
Yet on Wednesday, Mexican newspapers were as quick to flagellate local authorities for their ineffectiveness in fighting organised crime and money-laundering as they were to use the HSBC scandal to slam western countries for failing to do their bit in the “war on drugs”.
