August 12, 2007
Blacklisting little tiny radical groups
The first thing that came to mind in reading that that the Americans have "blacklisted" a little radical group in a Leb refugee camp was "oh my, I guess they won't be able to launder any assets through buying discounted mortgage assets.... Well, actually that's not true, my first thought was "why do they bother?"
I have no doubt it took more expenditure on the part of the Americans to go through the process, than this little marginal group has ever seen. Freezes their assets.... for a group of flea-like importance relative to US interests. In the Americans fixation in a Comintern / Soviet type threat, they descend into comical acts; wasteful as well.
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Heh. About time too, since the US has been sending arms to destroy Fatah al-Islam for, what is it, two months now?
Posted by: alle at August 12, 2007 10:11 AM
Not necessarily, financial rules regarding terrorism are often much more strict and broad (and require a lower burden of proof- you must prove that the money is NOT being used for terrorism, rather than the state proving that the money was used for a specific terrorist act)
Meaning that a black list can be extended to banks in which FI members have accounts, can be extended to the companies of friends and acquaintances, it can be spread to places where they worked, or charities that they volunteered with.
You certainly saw this occurring posting 9/11, it has been used in the broadest possible way, which has a tremendous economic effect as well as a major impact on humanitarian work.
My prof in University R.T. Naylor used to rant on about this for a while, its a story to watch and will not receive much coverage if some unlucky sap gets his assets frozen and blacklisted from the global economic system.
Posted by: Mahmud at August 12, 2007 02:38 PM