Dirty Business $XLF

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Just finished reading a great piece on the NYTimes about the inner workings between the organized crime and financial institutions.

The United Nations estimated that $1.6 trillion was laundered globally in 2009, of which about $580 billion was related to drug trafficking and other forms of organized crime.

“Where The Mob Keep Its Money” covers thoroughly what has been and incestous but mutually-benefical relationship dating back to many decades -if not centuries, which has gained the spotlight after the attacks of September 11. No wonder why Legal & Compliance is one of the few areas in the sector that is actively hiring.

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