Thursday, March 3, 2011

US$30 Billion In Libyan Assets Seized

I don't know Col Mommar Gadhafi from Adam.

But I do know that he has ruled Libya for more than 4 decades.

How did the Libyan people go on for that long under a dictator? There's mayhem and murder in Libya. Forces loyal to Gadhafi are attacking dissidents whom some people are calling, rebels. They in turn are attacking the Gadhafi loyalists.

It is civil war in Libya.

The US is just waiting to strike. Just waiting. We hope that will not happen. Let the United Nations crack the whip. They've already citing Gadhafi for crimes against humanity. They're enforcing an embargo against Libya. That will hurt.

So, here's an UPI report from Washington: The U.S. Treasury announced Monday it froze $30 billion in Libyan assets belonging to leader Moammar Gadhafi, his family and government entities he controls.

The action was taken under an executive order President Obama issued Friday, The Washington Post reported.

"As of today, at least $30 billion in government of Libya assets under U.S. jurisdiction have been blocked," David Cohen, Treasury's acting undersecretary for terrorism and financial intelligence, said. "This is the largest blocking under any sanctions program ever."

Click here for the rest of the report.