Peter Mathews Discusses Record Bank Profits, as well as the Biggest Money Laundering Scheme in History

Peter Mathews on KTLK AM 1150, the David Cruz Show: Peter Mathews explains the federal indictment of several leaders of  the Liberty Reserve online money laundering operation. Federal officials accused the company’s founder, Arthur Budovsky, and his associates of processing at least $6 billion for more than a million clients, involving activities of drug dealing, child pornography, and credit card fraud.

On another note, Peter Mathews analyzes the paradox of banks making $40.3 billion in first quarter record profits, while jobs and wages for working Americans stagnate.

(9 min.)     [Listen]