Its nickname was the Bank of Crooks and Criminals, but BCCI was much more than just a dirty bank. Started by a shadowy group of Pakistani financiers and Arab sheiks, the Bank of Credit and Commerce International quickly became a global criminal organization. Now two award-winning journalists who have tracked BCCI for a decade reveal how these wolves escaped prosecution for so long and detail the roles of Jimmy Carter, William Casey, and members of the Bush administration and family. 8 pages of photos.
Designed by a group of Pakistani financiers and Arab sheikhs, BCCI soon became a criminal organization and rapidly grew into a huge financial empire, with offices in 73 countries and assets of more than 20 billion dollars. Officials used the bank to steal the savings of thousands of depositors to launder money for an assortment of drug dealers and terrorists, and to set up an array of ruthless scams.
Everyone in the world knows what Bill Clinton did with Monica Lewinsky, or what happened to Brad and Jennifer, Katie and Tom. These factoids mysteriously capture the world's attention. But there's a flip side to this: fog facts. Fog facts are known but not known, the sort of things that journalists and political junkies know, but somehow the world does not. The "Downing Street Memo" is a fine example. This document revealed that the head of British intelligence had been informed by his Washington counterparts that the White House was cooking the books on the information it was using to justify a war in Iraq. Yet this was not big news in America. Why? In Fog Facts, Larry Beinhart tackles this question and shows how soft-core, public relations-style political lying has been raised to an art form.
Its nickname was the Bank of Crooks and Criminals, but BCCI was much more than just a dirty bank. Started by a shadowy group of Pakistani financiers and Arab sheiks, the Bank of Credit and Commerce International quickly became a global criminal organization. Now two award-winning journalists who have tracked BCCI for a decade reveal how these wolves escaped prosecution for so long and detail the roles of Jimmy Carter, William Casey, and members of the Bush administration and family. 8 pages of photos.
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