- Sep 25, 2009
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here's an article that moved my eye brows almost to the crown
US officials circle globe to explain Iran policy but fail to persuade
Read more: http://www.al-monitor.com/pulse/originals/2016/05/us-officials-iran-policy-persuade-banks.html#ixzz48GFWjkAJ
in brief, the us has cowed and intimidated the huge international banks to such a degree, that it now has hard time to convince them it is ok to deal with iran.
wow, america changed its mind and the financial idiots at ubs and credit suisse dont believe it
trust me, i know the swiss well but aren't they just too thickheaded in this case... ?
the takeaway messages here for me are these (not that i wasn't aware but the example seems staggering):
1. the irrepressible power of the us financial dominance in the world is such, that instead of telling the uncle 'fork yourself, i ain't obliged to follow the american law', they rushed to pay hundreds of millions of fines to avoid being driven out of business.
2. if such giants succumbed, what's left for the smaller players ?
3. is it really healthy for the world at large, forget about the elementary fairness or the military dominance, to be dominated to such a degree by one country ?
4. why anyone is still surprised that some govt's would like to redress the situation but keep failing ?
US officials circle globe to explain Iran policy but fail to persuade
Read more: http://www.al-monitor.com/pulse/originals/2016/05/us-officials-iran-policy-persuade-banks.html#ixzz48GFWjkAJ
in brief, the us has cowed and intimidated the huge international banks to such a degree, that it now has hard time to convince them it is ok to deal with iran.
wow, america changed its mind and the financial idiots at ubs and credit suisse dont believe it
trust me, i know the swiss well but aren't they just too thickheaded in this case... ?
the takeaway messages here for me are these (not that i wasn't aware but the example seems staggering):
1. the irrepressible power of the us financial dominance in the world is such, that instead of telling the uncle 'fork yourself, i ain't obliged to follow the american law', they rushed to pay hundreds of millions of fines to avoid being driven out of business.
2. if such giants succumbed, what's left for the smaller players ?
3. is it really healthy for the world at large, forget about the elementary fairness or the military dominance, to be dominated to such a degree by one country ?
4. why anyone is still surprised that some govt's would like to redress the situation but keep failing ?