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Bush Issues New Executive Order for Seizing Assets

Via Crooks and Liars and U.S.A. Today:

The Bush administration announced a new tool Tuesday to freeze financial assets of those who want to destabilize Iraq.

President Bush unveiled a new executive order that allows the administration to block bank accounts and any other financial assets that might be found in this country belonging to people, companies or groups that the United States deems are working to threaten stability in Iraq.

Is this really necessary?

The administration already has tools to clamp down financially on people, companies and groups that seek to bankroll terrorist activities or help funds specific terror groups, such as al-Qaeda and Hezbollah. The United States also has financial sanctions against countries accused of fostering terrorism, such as Iran.

I love the line about "threatening stability" in Iraq. As if there's any stability left to threaten.

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  • Display: Sort:
    ah (5.00 / 2) (#1)
    by Sumner on Thu Jul 19, 2007 at 11:52:26 AM EST
    good ol' plenary forfeiture.

    now that's empire!

    Stalin (5.00 / 1) (#2)
    by squeaky on Thu Jul 19, 2007 at 12:01:51 PM EST
    Would have had those who criticize the war shot dead. Bush now will just confiscate their US bank accounts.

    What a softee.

    Time to move assets out of the US.

    Time to move assets out of the US. (none / 0) (#3)
    by desertswine on Thu Jul 19, 2007 at 12:10:37 PM EST
    Exactly right.

    Parent
    a regular event horizon (none / 0) (#4)
    by Sumner on Thu Jul 19, 2007 at 12:18:46 PM EST
    of course freezing the assets is still preliminary to seizing the assets, but if the proof-of-concept works well there, it makes since that it will eventually cookie-cutter to here.

    and all the more reason to monitor everything we do.

    Parent

    Freezing Assets (none / 0) (#5)
    by squeaky on Thu Jul 19, 2007 at 12:24:47 PM EST
    Is analogous to being deemed an enemy combatant. Limbo

    Parent
    Can someone tell us if this is specific (5.00 / 1) (#6)
    by lilybart on Thu Jul 19, 2007 at 12:28:32 PM EST
    at all or just another "if we say you are guilty, you are" sort of thing?

    Also, other blogs are concerned that this a sweeping proclamation that could affect any anti-war group or person??

    I know these are evil people but I don't like to assume too much.

    War Profiteer Traitors Too? Haliburton (5.00 / 1) (#8)
    by seabos84 on Thu Jul 19, 2007 at 01:05:03 PM EST
    and KBR thievery = NO water / electricity / jobs = people hate Americans = people join insurgents.

    Let me see - there are about 19 words / symbols in that equation, I betray my simplistic world view.

    however, IF someone needs 4 years of college / grad school to understand simplicity ... ah ...

    rmm.
     

    Opportunity (5.00 / 2) (#9)
    by Carolyn in Baltimore on Thu Jul 19, 2007 at 01:42:56 PM EST
    I figure this is our chance to freeze all of Halliburtons and Blackwaters assets. Maybe the people can get some of our money back.

    Why was this issued? (5.00 / 3) (#10)
    by joanneleon on Thu Jul 19, 2007 at 02:27:39 PM EST
    I'm wondering what the catalyst for this was, and why it was issued.  

    Is it a coincidence that they did this executive order on July 17th while the Senate was trying to pass the Levin-Reed amendment, and that the Republicans opposing Levin-Reed said that a "precipitous withdrawal" would "destabilize Iraq?"

    What? (5.00 / 2) (#11)
    by Edger on Thu Jul 19, 2007 at 03:41:07 PM EST
    The Bush administration announced a new tool Tuesday to freeze financial assets of those who want to destabilize Iraq?
    Bush is going to defund himself now?

    this is pretty big (5.00 / 1) (#12)
    by Sumner on Thu Jul 19, 2007 at 04:58:06 PM EST
    Slashdot has posted on it.