NOT ABOVE THE LAW: Bessent's $1.2 Billion Strike on the Empire's Banks

Treasury hit Bank of America with $1.2 billion in penalties for money laundering failures. Susan Kokinda traces the bank from Countrywide and the 1980s debt crisis to King Charles’ green finance club, and Bessent’s challenge to the IMF;


Susan Kokinda opens with the more than $1.2 billion in penalties Treasury Secretary Scott Bessent's Treasury imposed on Bank of America on October 13 for violating anti-money laundering and sanctions laws, among the largest in Treasury history, after FinCEN found the bank failed to report priority national security risks, including Chinese money laundering networks and illicit finance along the southwest border.

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