Argentina's bag lady economics minister

AP/CNN:

Argentina's economy minister said Saturday she committed no crime by hiding a bag stuffed with US$64,000 in cash in her office bathroom.

Police conducting a routine security check found the brown bag containing the cash in a bathroom cabinet inside Felisa Miceli's offices at the Economy Ministry, and a federal investigator is now probing the source.

"I made a mistake. It was a blunder, but I committed no crime," Miceli said, explaining that she borrowed most of the cash from her brother in order to buy a house in the capital. She said she had taken the money to her office for safekeeping on June 4 and did not manage to put it in a safety deposit box before police discovered it late last month.

"This was a mistake, it could even have been negligence but I am certain I have committed no crime," declared Miceli, adding that she was clarifying the source of the funds at the request of President Nestor Kirchner.

...
She should have no trouble proving the source of the cash, provided her brother kept the money at a bank and not stuffed into a rat hole somewhere. But what does it say about the Argentine economy that the economic minister would keep the funds for a house purchase in a paper bag in her bathroom rather than in a bank? It certainly does not show much confidence in the countries banking institutions.

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