Idaho
blah blah blah
Sober as a judge you liberal puritan presbo freak.
This is ernesto speak for "I haven't had a drink yet today, but I'm still pissed from last night".
Sober as a judge you liberal puritan presbo freak.
You truly are a master of debate.
You truly are a master of debate.
Barack Obama recently issued an executive order imposing a wave of sanctions against Libya, not only freezing Libyan assets, but barring Americans from having business dealings with Libyan banks.
So raise your hand if you knew that the United States has been extending billions of dollars in aid to Qaddafi and to the Central Bank of Libya, through a Libyan-owned subsidiary bank operating out of Bahrain. And raise your hand if you knew that, just a week or so after Obama’s executive order, the U.S. Treasury Department quietly issued an order exempting this and other Libyan-owned banks to continue operating without sanction.
I came across the curious case of the Arab Banking Corporation, better known as ABC, while researching a story about the results of the audit of the Federal Reserve. That story, which will be coming out in Rolling Stone in two weeks, will examine in detail some of the many lunacies uncovered by Senate investigators amid the recently-released list of bailout and emergency aid recipients – a list that includes many extremely shocking names, from foreign industrial competitors to hedge funds in tax-haven nations to various Wall Street figures of note (and some of their relatives). You will want to see this amazing list when it comes out, so please make sure to check the newsstands in two weeks’ time.
When I first started working on this story, one of Sanders’s aides was careful to point out the ABC loans. Later, I took a closer look at the company and found that it was 59% owned by the Central Bank of Libya, which I found very odd, even by the generally insane standards of the bailout era. Why, I wondered, would the Federal Reserve be giving Muammar Qaddafi $26 billion in near-zero interest loans? Exactly how does that address America’s financial problems? What bailout plan could that possibly be part of?
There is no secret in this matter. All the information can be found on the Arab Banking Corporation (ABC) and bloomberg web sites. According to the later, numerous foreign banks took advantage of the historically low interest rates of the Federal Reserve loans during that period. ABC was one of them and the Bloomberg headline states that it borrowed at least $5billion. All that it borrowed has been paid back with interest. US and European banks borrowed a lot more, hundreds of billions of dollars, and those also have been paid back. It was purely a commercial transaction between the banks and Qaddafi had nothing to do with it. At that time, Libya had developed collaborative relations with the US and its central bank held 29 percent share in the ABC. Its share increased to 59 percent later, after it bought out Abu Dhabi’s share. Kuwait is the other major share holder, along with some others. It is a Bahrain based bank, with branches all over the world, including the US. Its New York branch helps American companies conduct business in the Middle East.
This is pure sensationalism. The loans were given to the ABC before the sanctions. The Central Bank of Libya is only one of the components of ABC.
the exemption sought to prevent "undo disruption to third-party commerce."
While Libya's central bank retains its majority ownership stake, the Arab Banking Corporation cannot do business with any Libyan government institution, the Treasury official said, and the central bank can't liquidate its stake since it has been sanctioned by the United States and European Union.
A rebel press conference, with english transcript, that involves a lot of bitching about NATO, and then it goes pearshaped because someone starts shouting 'you killed our children and families'!
http://www.libyafeb17.com/2011/04/t...t-major-general-abdulfatah-younis-gave-today/
This thread's turned into a mixture of Stalinist shrine and nuthouse. Utterly bizarre
The guy on the BBC news is saying that the rebel army is still a chaotic mess.
The former Gadaffi soldiers have actually excluded a number of more volatile one's from the frontline which, in turn, has lead to problems as the excluded kick off about being excluded.
'Mounting evidence of CIA ties to Libyan rebels.'
http://www.informationclearinghouse.info/article27817.htm
Brother Leader has sent a begging letter to Obama: http://www.guardian.co.uk/world/2011/apr/06/gaddafi-obama-nato-libya
Please don't pick on us Barrack
Royalists vs AQIM LOL SAS caught in crossfire.
7.50 in - Very prophetic words from Muammar Gaddafi.
rofl pmsfl
[video]https://www.youtube.com/watch?v=DefXaFnEPh0&feature=player_embedded#at=128[/video]Britain may now be behind arming the Libyan rebels, but lawmakers in London are furious that their colleagues allowed weapons to be sold to the Gaddafi regime, as recently as last year. It's among several Arab nations who bought firepower from the UK - which later saw uprisings. The ministers accuse them of misjudging whether those guns would be turned on civilians, as Laura Emmett explains.
wheres Dylans and his genuine revolutionaries taking a bit of a wrong turn now blah blah. Gaddafi is great blah blah.
no , they didnt . They were breifly offered german assistance though . Just as they had been during the first one .
"Russell, elated by the prospect of German arms..."
Nice attempt to sweep that one under the carpet but, let's hear the full storey.
Sean Russell (the leader of the IRA at the time) accepted the offer, went on a training mission provideded by the Wehrmacht in Germany where he subsequently negotiated arms shipments via Uboots to the West Coast of Ireland.
The IRA does love a fascist dictator as bedfellow and seemingly doesn't do lessons learned exercises.
IRA/Nazi Collaboration
'Mounting evidence of CIA ties to Libyan rebels.'
http://www.informationclearinghouse.info/article27817.htm
Haftar is popular among some of the civilian volunteers who make up the bulk of the rebel forces because of his long opposition to Gaddafi.
After the Chad war, he was recruited as commander of an anti-Gaddafi force put together by the CIA and funded in part by Saddam Hussein. When that failed, Haftar moved to Virginia where he lived for 20 years not far from the CIA headquarters, raising questions among his present critics about how close past ties remain.
Some members of the revolutionary political leadership say Haftar returned to Libya with a swaggering arrogance and an expectation that he would automatically be put in charge of the armed fight against Gaddafi.
"We defined the military leadership before the arrival of Haftar from the United States," said Abdul Hafidh Ghoga, vice president of the Interim National Council. "We told Mr Haftar that if he wants, he can work within the structure that we have laid out."
Can't be bothered to wade through pages of stalinist crap. What is the consensus among non loon anti imperialists? Do we still support the rebels or are they now effectively the stooges of the west? Quite clearly they weren't at one point but surely it would be hard to argue that NATO intervention hasnt changed the whole game?