Detailed text transcripts for TV channel - MSNBC - 20100514:16:10:00
Operate a debit system. if someone wants to send money to another country, a guy says, i know someone there, he'll take it out of his account and pay me later. there's no formal record that gets entered into the swift system, the system the treasury checks, so people can send money without a formal registry. when it comes to criminal activity, this is a great way of financing that without attracting attention. >> illegal here in the united states, but legal in other places around the world. we have breaking news. i want your reaction to this. iraqi officials are saying that ten people have bee...
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