Larisa Alexandrovna - Somebody should have written a book called "What's the matter with Texas," a state which has essentially become in comparison with the rest of the US what Sicily is to Italy. Here is the latest money laundering, insider trading, and fraud scandal out of Pakistan and sure enough, it includes Texas (and the house of Saud):

"Federal prosecutors charged a high-level investment banker in Pakistan yesterday with earning more than $7.5 million in illegal profit from an insider-trading scheme that they say was run by a former Credit Suisse banker.

In a 26-count complaint filed in Federal District Court in Manhattan, the United States attorney’s office accused Ajaz Rahim, 44, the country head of investment banking at Faysal Bank Limited, of conspiracy and securities fraud. Mr. Rahim is accused of profiting from confidential information about nine deals, including the $45 billion buyout of TXU, the Texas energy giant. Credit Suisse was an adviser on all nine deals.

Altogether, prosecutors said that Mr. Rahim earned more than $7.5 million from the nine transactions. More than $5.1 million of that stemmed from trading in TXU alone." Read all @ at-largely