You can’t bail out the banks, leave the debts in place, and rescue the economy. It’s a zero-sum game. Somebody has to lose. That’s what happened in 2009 when President Obama came in. He invited the bankers to the White House and he said, “I’m the only guy standing between you and the mob with […]
Treasury Sanctions More Than 30 People, Firms Involved in Russia’s Annexing of Crimea…
The Treasury Department on Friday targeted 21 individuals and nine entities with financial sanctions for their support of Russia’s occupation of the Crimea region of Ukraine. Treasury’s Office of Foreign Assets Control (OFAC), which administers sanctions, banned more than a dozen Russian government officials, Russian business executives and Ukrainian separatist leaders involved with Russia’s occupation. […]
Trump to Extend Sanctions Relief for Iran…
President Donald Trump is expected this week to extend relief from economic sanctions to Iran as part of the nuclear deal, citing progress in amending U.S. legislation that governs Washington’s participation in the landmark accord, according to U.S. officials and others familiar with the administration’s deliberations. But Trump is likely to pair his decision to […]