City 'haven' for terrorist money laundering

The Guardian (England) ^ | October 10, 2001 | Jon Henley in Paris

[liberallarry]

My emphasis.

[liberallarry]

ping.

[liberallarry]

I'll see if I can't find a link to the original report.

[Aquinasfan]

I don't know much about banking, but my understanding of the problem with the American attempt at deregulation was that the banks were allowed to become involved with riskier investments, but at the same time were insured against failure. The banks were partially deregulated.

American and British banks should be given greater latitude in their ability to seize assets. This is war, and the criteria for determining guilt (by association) should be widened.

[liberallarry]

Here's the link to the Le Monde article (in French)

Londres accusé de laxisme dans la lutte antiblanchiment

I'm working on sources.

[LSJohn]

fyi

[LSJohn]

fyi

[LSJohn]

related thread here

[Rodney King]

American attempt at deregulation was that the banks were allowed to become involved with riskier investments, but at the same time were insured against failure

Yes. The FDIC should be eliminated, and the banks should have to buy account insurance in the private marketplace. That would result in the insurance companies keeping close tabs on what they are doing, kind of like how Moody's and S&P rate bonds. The insurance companies will take close looks at how banks are valuing their commerical real estate investments. Banks that are going nuts on speculative investments will have to pay higher insurance rates, to discourage such. Or, if the insurance companies are behind the times and are using inappropriate valuation techniques, the banks can not offer insurance at all, and informed consumers can decide for themselves if the higher interest rates are worth the added perceived risk.

[rdavis84]

You just have to mull over How Much Incriminating Evidence was destroyed in the WTC takedowns.

GATA also figures in.

[dennisw]

City 'haven' for terrorist money laundering

Fact is all of London is a haven for extremist Muslims of all types. And for Muslim sects of all types. The English have allowed huge numbers of Muslims to immigrate to the UK over the last 40 years. From Pakistan/ Arabia/ North Africa etc.

[liberallarry]

Another souce - this time implicating Osama's half-brother Yeslam

Un demi-frère sous haute surveillance

Sorry about the language. I'm just following the leads. Maybe someone else can find this stuff in English.

[liberallarry]

I think the original report is here

Intelligence Online (France)

I can't go very fast in French. Someone with better language skills will have to pursue it.

[Aquinasfan]

Hey Rodney, you make as much sense as Milton Friedman!

[amom]

Interesting. Thanks for the heads up.

[OKCSubmariner]

BTTT

Follow the money trail.

Mahfouz is mentioned in this article.

[Pipers]

Finally. Thanks for the post.

[Pipers]

FYI

[Betty Jo]

Wow!

This is the problem Bush faces!

Who's your enemy,who's your friend,who's a terrorist,who's your capitalist banker co-hort?

I sure need to read all this!

Does anyone have the energy and time to do a thingy...."How Bin Ladens $$$$$ is connected to me?"

I suspect that it would make us crazy!!!!!!

[Betty Jo]

Way down at the bottom of the page"ENGLISH EDITION"! I dont know how to post, but you can go there and hit it.

Going there now!