"Too many of our allies trade openly with Iran."
"This is stupid on multiple levels, as is any trade embargo on Iran - an excersize in futility."
I know, more worthless sanctions? Which is all Obama and the UN will have after the so called meeting in a couple of days.
9 January 2009
New York state and federal officials reveal that billions of dollars of Iranian funds were illegally transferred through American financial institutions "in recent years," according to a report by the New York Times. Authorities reportedly suspect that the money may have helped finance Iranian nuclear and missile activities, including the purchase of large amounts of tungsten, used in the construction of long-range missiles. Lloyds TSB Group, a British bank, "went to great lengths" to hide their involvement in the Iranian transactions, says Manhattan District Attorney Robert Morgenthau.
Vikas Bajaj and John Eligon, "Iran Moved Billions via U.S. Banks," The New York Times, 10 January 2009; Andrew Clark, "Lloyds forfeits $350m for disguising origin of funds from Iran and Sudan," The Guardian 10 January 2009; Randall Mikkelsen and Diane Bartz, "Lloyds TSB forfeits money in U.S. case," Reuters, 11 January 2009
