19 comments

[ 3.5 ms ] story [ 56.2 ms ] thread
Maybe I don't understand how the Fed works, but I would imagine Iraq can't simply withdraw it at this point. If so, I think that money has already gone.
If they hold gold in custody for Iraq, that can't just withdraw it.
How common is it for one country to hold significant portions of their money in a foreign bank account?
(comment deleted)
When you're talking Gold or USD, extremely common.
(comment deleted)
This is ridiculous. U.S troops (along with other coalition nations) are in Iraq at the request of the Iraqi government. If the Iraqi government formally requests us to leave, we should do so. Threatening to freeze their account otherwise is mob mentality.
It's not ridiculous, it's corruption.
The former Iraq government led by Saddam Hussein Abd al-Majid al-Tikriti was explicitly harboring terrorists. Largely due to this, a USA led coalition invaded Iraq in 2003, defeated the Sadam Hussein regime in a war, implemented a new regime, and have since been chasing terrorists out of caves in Iraq for the past 17 years. I expect the US officials will operate by whatever means are neccissary to ensure our security interests are served. Personally, if freezing bank accounts motivates the desired result, I'd prefer they freeze bank accounts versus blowing things (including people) up.
The result is staying, and blowing more people up.......
Ah no he was tyrant and killed many of his own people but he was not harboring so called terrorists. That was the excuse Bush jr used to get into Iraq for it's oil ironically instead tech improvements got America over it dependence of foreign oil because of fracking. The so called terrorists were harbored in Afghanistan where USA wants to exit as soon as possible but it wants to stay in Iraq
The U.S. troops are in Iraq because they killed just about everyone who tried to stop them from being in Iraq. What's a little more economic warfare to throw on the pile of atrocities?
Is this a valid legal action? It doesn't seem like the government can freeze accounts without due process.