Depository Trust and Clearing Corporation sides with Iran over fallen U.S. Marines

Shariah Finance Watch ^ | 8 April 12 | Unattributed

[LSUfan]

A U.S. court found Iran responsible for the 1983 Beirut Marine Barracks bombing that killed 241 Marines, soldiers and sailors.

Iranian assets are frozen in the U.S. and the surviving families of those U.S. servicemen deserve to be compensated using those assets.

Unfortunately, the Depository Trust and Clearing Corporation (DTCC) is working to see that the money goes, not to the Marine families, but back to Iran, the world’s foremost sponsor of Jihadist terrorism.

[elpadre]

DTCC - never heard of them. What is the reason for their existence and what do they actually do, or fail to do???

[doc1019]

And we expected anything else?

[El Gato]

Somehow, you know this will all be Bush’s Fault.

In pigs eye. One cent goes to Iran before the family’s of the murdered Marines get what the courts have awarded them, and the whole board of DTCC, and the SEC which regulates them, should be up on charges of treason. Along with the guy who appoints the head of the SEC.

“Mary L. Schapiro is the 29th Chairman of the U.S. Securities and Exchange Commission. Chairman Schapiro was appointed by President Barack Obama on January 20, 2009, unanimously confirmed by the U.S. Senate, and sworn in on January 27, 2009.”

[El Gato]

Somehow, you know this will all be Bush’s Fault.

In pigs eye. One cent goes to Iran before the family’s of the murdered Marines get what the courts have awarded them, and the whole board of DTCC, and the SEC which regulates them, should be up on charges of treason. Along with the guy who appoints the head of the SEC.

“Mary L. Schapiro is the 29th Chairman of the U.S. Securities and Exchange Commission. Chairman Schapiro was appointed by President Barack Obama on January 20, 2009, unanimously confirmed by the U.S. Senate, and sworn in on January 27, 2009.”

[SunkenCiv]

Thanks LSUfan.

A U.S. court found Iran responsible for the 1983 Beirut Marine Barracks bombing that killed 241 Marines, soldiers and sailors.

[Chode]

and America takes another one in the........

[Valpal1]

The New York City based Depository Trust & Clearing Corporation (DTCC), which among other services settles securities transactions exceeding a quadrillion dollars, is lobbying Congress to oppose H.R. 4070, a bill that would enhance sanctions on Iran's central bank and make it easier for victims of Iranian terrorism to collect court ordered judgments. DTCC claims that it handles such a tremendous volume of financial transactions that determining which originate in Iran would prove an unreasonable burden. H.R. 4070, which has a growing list of bipartisan co-sponsors, strengthens and clarifies American law that enforces how Iranian assets in the U.S. may be attached in cases involving American victims of Iranian terrorism.

Surviving victims and families of those killed in the Beirut bombing are outraged.

"DTCC should be ashamed of itself. It is moaning to Congress behind closed doors that it's too much work to keep Iran from laundering money into the American financial system so that its investments can finance Hamas and other terrorist organizations committed to killing Americans. DTCC says it's too much trouble to keep Iran from being held responsible for out and out murder. How absolutely absurd," says Lynn Smith Derbyshire, spokes person for the Beirut bombing victims.

http://mobile.reuters.com/article/companyNewsAndPR/idUS214297+05-Mar-2012+PRN20120305?feedType=RSS&feedName=companyNewsAndPR

[musicman]

Help End The Obama Era In 2012
Your Monthly and Quarterly Donations
Help Keep FR In the Battle!

Sponsoring FReepers are contributing
$10 Each time a New Monthly Donor signs up!
Get more bang for your FR buck!
Click Here To Sign Up Now!

[piytar]

Their excuse is bovine excrement. Someone needs to go to jail...

[onedoug]

So, we’re all islamists now?

[black_diamond]

Overly simplistic explanation - DTCC is probably the largest depository and clearing firm for securities transactions in the US. Your broker is probably a DTCC “member”. The securities in your account with your broker are probably held at DTCC on behalf of your broker. If you buy a stock, your transaction is transmitted by your broker to DTCC and the selling person’s broker transmits their transaction info to DTCC and they match up the “buy” and “sell” and move the money and shares (on their books) from one broker to the other.