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2006-04-04 Home Front Economy

Manhattan DA shuts down terror $3bil terror finance pipeline through unnamed bank

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Posted by trailing wife 2006-04-04 14:38|| || Front Page|| [5 views since 2007-05-07] Top

#1 I can't go out and arrest Osama bin Laden.

But the Democrats can.

Good job, Mr. Morganthau. This is just as important as shooting a bunch of jihadis.

Posted by Jackal">Jackal 2006-04-04 15:05|| http://home.earthlink.net/~sleepyjackal/index.html]">[http://home.earthlink.net/~sleepyjackal/index.html] 2006-04-04 15:05|| Front Page Top

#2 I live in manhattan, have a chase and hsbc acct. if I find it's them, I'm moving my accts. wish morganthau divulged who it is.

Posted by PlanetDan">PlanetDan 2006-04-04 15:05|| 2006-04-04 15:05|| Front Page Top

#3 I suspect that until the settlement is signed, sealed and delivered Morgenthau will keep his mouth shut. It isn't clear to me why they announced what they did unless it is a negotiating ploy. There is little doubt that we would see the biggest run on a bank since 1932 if the name of the institution were made public regardless of how obscure the bank is.

Posted by Nimble Spemble 2006-04-04 15:16|| 2006-04-04 15:16|| Front Page Top

#4 There is always more to this than meets the eye. Remember that such transactions leave very detailed fingerprints hither and yon. Part of the deal means that we now own the information that had previously been secret.

We might decide to keep some of the pipelines open, to see who uses them; or to provide marked cash to the end users. We might fudge some of the accounts, so right after a major transaction suddenly funds are "not available", leading to much bad feelings.

In fact, this thing is only probably being closed down now that we have squeezed every drop of blood out of it.

Posted by Anonymoose 2006-04-04 16:03|| 2006-04-04 16:03|| Front Page Top

#5 Morgenthau has shut down a massive terror-finance pipeline

Any relation to the Morgenthau Plan Morgenthau?

Posted by 6 2006-04-04 18:48|| 2006-04-04 18:48|| Front Page Top

#6 The son of.

Posted by Nimble Spemble 2006-04-04 18:56|| 2006-04-04 18:56|| Front Page Top

#7 Whoa!
Shot in the dark on my part.
Small world.

Posted by 6 2006-04-04 19:35|| 2006-04-04 19:35|| Front Page Top

#8 I just Googled LARGEST BANK NEW YORK and got a list
Top 150 Largest Banks
Source: American Banker, 9/05.
Rank Name Headquarters Deposits (billions) Assets (billions)
1 Bank of America Charlotte, NC $630 $1,214
2 Citicorp New York, NY $569 $1,490
3 JP Morgan Chase New York, NY $531 $1,179
4 Wachovia Charlotte, NC $299 $507
5 Wells Fargo San Francisco, CA $273 $435
6 Washington Mutual Seattle, WA $172 $337

Note only Citicorp and J P Morgan are NY based

Posted by Redneck Jim 2006-04-04 20:15|| 2006-04-04 20:15|| Front Page Top

#9 Great News, but how come it took so long..RB has touched on this scandel before. Looks like an inside help thingy.

Posted by RD 2006-04-04 21:08|| 2006-04-04 21:08|| Front Page Top

#10 I remember when Citicorp was an enthusiastic participant of the first Arab boycott of those companies doing business with Israel.

Posted by trailing wife 2006-04-04 22:50|| 2006-04-04 22:50|| Front Page Top

#11 Don't fergit the RICO-famous Bank of New York and its subsidiaries???

Posted by JosephMendiola 2006-04-04 23:36|| 2006-04-04 23:36|| Front Page Top

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