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> it means that the executive branch can seize US assets from certain people outside the US or prevent them from accessing the US financial system You must be
by stefantalpalaru 12y ago
> it means that the executive branch can seize US assets from certain people outside the US or prevent them from accessing the US financial system
You must be new to this brave new world. In 2012 the US seized $26000 from a Danish businessman while being transfered to a German bank within an electronic banking system that the US is not a part of (SWIFT): http://en.wikipedia.org/wiki/SWIFT#US_control_over_transactions_within_the_European_Union http://en.wikipedia.org/wiki/SWIFT#US_control_over_transacti...
- balabaster 12y ago8-| I hadn't come across this one before. I can't honestly believe they could have gotten away with that. They're enforcing an embargo under U.S. Law on finance being transferred between two countries that they have no jurisdiction in? That's er... I can't even come up with a word to describe that audacity.
- happyscrappy 12y agoIt is too bad Europe does not have the guts to stand up for itself.