What are the long-term consequences ...?

As you may have noticed, in the second half of 2008 we had a minor whoopsie in the banking sector — what is laughingly known as a "liquidity crisis". Now here's the sound of another shoe dropping. The Observer reports:

Drugs money worth billions of dollars kept the financial system afloat at the height of the global crisis, the United Nations' drugs and crime tsar has told the Observer.

Antonio Maria Costa, head of the UN Office on Drugs and Crime, said he has seen evidence that the proceeds...