These Banks Did a Bad Thing – Let’s Make Some Money as They Fall

Africa’s richest woman, several Russian oligarchs, a disgraced Kazakhstani banker, and a former Congolese warlord certainly make for a motley crew.

All have had run-ins with the law. Several are currently in hiding or in exile.

And this week, they’ve all made life even harder for the already battered big banks.

Because on Monday, leaked documents from the U.S. government’s Financial Crimes Enforcement Network revealed more than $2 trillion in suspicious transactions that big banks did nothing to stop.

We’re talking about money coming from money laundering, evading U.S. sanctions, fraud, and of course, corruption.

Even North Korea and Venezuela have been moving money using these banks. Often, the documents show that the banks themselves flagged the transactions as suspicious, but still let them through.

This has already pushed bank stocks lower. And we’re nowhere near the bottom for banks.

See, things are only going to get worse for them.

And that means you have an opportunity…

Stock to Play this Week as a New Pre-Election Reality Sets In

Market futures are down heavily this morning, on no big news in particular.

The passing of Supreme Court Justice Ruth Bader Ginsburg on Friday night definitely added another source of contention and volatility to politics in D.C.

Big Media has spared no effort covering the fight over the Supreme Court over the weekend. It’s the only story around right now. And with President Trump set to nominate a replacement later this week so close to an election, the fight over the Senate vote will be very contentious.

Barring any “October surprises,” this is set to be Big Media’s big story leading into the election.

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