How The U.S. Was Able To Freeze Libyan Assets Fast

Sanctions In 72 Hours: How The U.S. Pulled Off A Major Freeze Of Libyan Assets -- The Telegraph

The Treasury Department team had been working nonstop on a plan to freeze Libyan assets in U.S. banks, hoping they might snare $100 million or more and prevent Moammar Gaddafi from tapping it as he unleashed deadly attacks against protesters who wanted him gone.

Now, at 2:22 Friday afternoon, Feb. 25, an e-mail arrived from a Treasury official with startling news. Their $100 million estimate was off — orders of magnitude off.

The e-mail said there was in “excess of $29.7 Billion — yes, that’s a B.”

And most of the money was at one bank.

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My Comment: It is truly amazing how quick government can act when money is on the table. Hmmmm .... everyone has been bitching on how expensive a no-fly proposition is .... i.e. about $1 billion per month .... with $29.7 billion .... that is enough for 2 and a half years. My suggestion .... quit bitching.