Financing Libya Options

[albertchampion]

Sen. Bernie Sanders (I-Vt.) today questioned why the Federal Reserve provided more than $26 billion in credit to an Arab intermediary for the Central Bank of Libya.

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Sanders also asked why the Libyan-owned bank and two of its branches in New York, N.Y., were exempted from sanctions that the United States this month slapped on other Libyan businesses to pressure Col. Moammar Gadhafi’s government.

“It is incomprehensible to me that while creditworthy small businesses in Vermont and throughout the country could not receive affordable loans, the Federal Reserve was providing tens of billions of dollars in credit to a bank that is substantially owned by the Central Bank of Libya,” Sanders said.

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In the same letter, Sanders asked Treasury Secretary Timothy Geithner why the Treasury Department on March 4 let the Libya-controlled bank skirt the economic sanctions against Libya.

The senator also questioned why the Bahrain-based Arab Banking Corp. is even allowed to operate branches inside United States. “Why would the U.S. government allow a bank that is predominantly owned by the Central Bank of Libya – an institution on which the U.S. has imposed strict economic sanctions –to operate two banking branches within our own borders?” Sanders asked.

[lunk]

Banks bank both sides of rivers,
and wars.

[Johnny Angel]

How Dare you question the authority of the Banksters..

Dont even think about expelling the Money Changers from the Temple.. You`ll be cruified.

[André]

"Money is the zealous one God of Israel, beside which no other God may stand. Money degrades all the gods of mankind and turns them into commodities. Money is the universal and self-constituted value set upon all things. It has therefore robbed the whole world, of both nature and man, of its original value. Money is the essence of man's life and work, which have become alienated from him. This alien monster rules him and he worships it."
KM

This post has been edited by André: Apr 2 2011, 02:37 PM

[lunk]

i think, left to our own devices, money would soon become obsolete, naturally.
But, any new system of wealth creation, is quickly put under the control of the almighty dollar, to prevent competitive alternate systems, from taking over.

This keeps the same moneyed monarchies near the top of an artificial hierarchical papered structure.

And constant war, is its inevitable physical manifestation.