US tightens screws on Iran's banks: Treasury

[BornAgain123]

http://www.africasia.com/services/news/newsitem.php?area=mideast&item=081106205107.zn5vb7m3.php

06/11/2008 20:51 WASHINGTON, Nov 6 (AFP)

The United States has further restricted Iran's access to the US financial system by banning certain types of fund transfers, the Treasury Department said Thursday.

The Treasury said it would prevent so-called "U-turn" transfers to Iran to prevent the Iranian government from financing terrorist groups and nuclear proliferation.

Prior to the ban, US financial institutions were authorized to process certain fund transfers for the direct or indirect benefit of Iranian banks, other persons in Iran or the government of Iran, the Treasury explained...........

[BAC]

http://www.usatoday.com/news/washington/2008-11-06-us-iran_N.htm

[JY11]

<sarcasm>Uh oh, now we mean business with Iran! I'll bet Ahmedinejhad is shaking in his proverbial boots!</sarcasm>

Maybe Obama will cancel some of these <sarcasm>debilitating</sarcasm> sanctions?

Alright, enough of the sarcasm already!:hehee

[gratefulberean]

<sarcasm>Uh oh, now we mean business with Iran! I'll bet Ahmedinejhad is shaking in his proverbial boots!</sarcasm>

Maybe Obama will cancel some of these <sarcasm>debilitating</sarcasm> sanctions?

Alright, enough of the sarcasm already!:hehee

Oh! Hey JY11, I didn't recognize you in those shades!

Yup, we got 'em over a barrel now!

[BornAgain123]

Lindsey Williams said the powers-that-be wanted to get the ME to dump the US$ by driving the oil price down. Was just thinking that this sanction could be another way to get Iran to dump the US$ as well?:idunno