News You Really Need To See: “Aiming Financial Weapons From War Room at Treasury”

News You Really Need To See: “Aiming Financial Weapons From War Room at Treasury”

Not What You Might Think

“Aiming Financial Weapons From War Room at Treasury”

The New York Times, June 4, 2014, p.B1

In a dingy suite of offices in a Treasury Department annex, the troops work into the night, armed with paperwork, computers and a clock on the wall set to Tehran time.  They blast out advisories ordering banks to block targeted people, then threaten them with consequences — fines that can range into millions of dollars — if they do not.  Today, this is how the Obama administration goes to war. … David S. Cohen, Treasury’s under secretary for terrorism and financial intelligence, who is sometimes described within the administration as President Obama’s favorite combatant commander…oversees the obscure Office of Foreign Assets Control, the engine that creates and administers the steadily increasing number of financial sanctions.  They are a policy tool once considered largely ineffectual but are now used against a wide range of…

View original post 114 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s