911 Judgement: NY Court awards $6 Billion. Iranian Bazaar Innocent.Submitted by Mark Twain on Sat, 08/04/2012 - 12:57
I cannot fathom the depths of this $6 billion judgment handed down from a New York court this month. It is against Iran & its co-defendants. It seems too bizarre.
"It is unclear whether the plaintiffs will actually receive any money."
"... in the terror world, this is uncharted territory."
The New York court judgment against Iran & co-defendants is larger that the total worth of the world's largest bazaar... The Grand Bazaar in Tehran, Iran. Judgment to funded out of foreign Iranian bank accounts. No comment from co-defendant, Al Kida. The Great Bazaar continues without interruption.
U.S. News. Published: Aug. 1, 2012
NEW YORK, Aug. 1 (UPI) -- A New York City judge awarded $6 billion to the families of Sept. 11, 2001, terror attack victims in their lawsuit against al-Qaida and parties in Iran.
U.S. Magistrate Frank Maas' Monday ruling was the first to impose civil penalties against those responsible for the 2001 terror plot that killed nearly 3,000 people, the New York Daily News reported. The $6 billion would be paid out to 110 survivors and the estates of 47 victims...
It is unclear whether the plaintiffs will actually receive any money.
Plaintiffs' lawyer Tom Mellon said his legal team may seek the seizure of Iranian state assets overseas. Last year, U.S. District Judge George Daniels found Iran, its Grand Ayatollah Ali Hosseini Khamenei and the regime's Lebanese client, Hezbollah, aided al-Qaida, Osama bin Laden and the Taliban in the Sept. 11 terror attacks.
Mellon said international seizures are common in the business world, "but in the terror world, this is uncharted territory."
Editorial comment offerred @ Gold Anti Trust Action Committee GATA.org . Submitted by cpowell on Fri, 2012-08-03
U.S. Treasury Department is "auditing" the gold vaulted at the Federal Reserve Bank of New York, most of which is held in custody for other countries, but only to the extent of confirming the gold content of the bars kept there, and not touching on issues of ownership impairment, like swapping and leasing, the issues raised by GATA and others aggrieved by manipulation of the gold market.
Indeed, the "audit" seems intended to dispel "conspiracy theories" without actually having to disclose anything about the U.S. government's gold market intervention policy, the issue at the heart of GATA's freedom-of-information lawsuit against the Fed in U.S. District Court for the District of Columbia, a lawsuit that was decided more or less in GATA's favor last year and revealed that the Fed has secret gold swap arrangements with foreign banks as well as many other gold-related records that are being kept secret: http://www.gata.org/node/9917