First thing they're gonna do is they'll RICO your wife and kids out of the house. That condo is gone. Your bank account is frozen.
Referring to the Racketeer Influenced and Corrupt Organizations Act, a federal law which allows for penalties and cause of action for acts constituting part of a criminal investigation. Thus the DEA can freeze the White family’s assets (bank accounts, house, condo, etc.) pending investigation into Walt’s criminal activities
To help improve the meaning of these lyrics, visit “Granite State” by Breaking Bad (Ft. Peter Gould) and leave a comment on the lyrics box