Thursday, September 29, 2005
Gulf Coast Bank doing legal Money Laundering
With a Washer and a Dryer.
Katrina also forced the Federal Reserve operations in New Orleans to move to Atlanta, making it harder for Hancock Bank to get fresh cash to meet surging demand. To remain liquid, the bank recovered millions of dollars from its A.T.M.'s, night deposit boxes and vaults that had filled with water and silt - and washed and dried the cash as fast as they could. "We're doing it the old-fashioned way," Mr. Hairston said.
Full story here
Katrina also forced the Federal Reserve operations in New Orleans to move to Atlanta, making it harder for Hancock Bank to get fresh cash to meet surging demand. To remain liquid, the bank recovered millions of dollars from its A.T.M.'s, night deposit boxes and vaults that had filled with water and silt - and washed and dried the cash as fast as they could. "We're doing it the old-fashioned way," Mr. Hairston said.
Full story here
# posted by Jude Boudreaux @ 9/29/2005 11:23:00 AM 
