Skip to comments.Obama backs effort to recover Arab Spring assets
Posted on 09/12/2012 2:33:07 PM PDT by combat_boots
DOHA, Qatar (AP) U.S. President Barack Obama reaffirmed American support Tuesday for Arab Spring nations seeking to recover possibly billions of dollars in assets stashed away by members of the toppled regimes.
But one of Obama's senior advisers noted that international legal obstacles still remain to track down and reclaim looted money that is often hidden under false names and dummy corporations.
"This money potentially billions of dollars does not belong to those who wielded power. It belongs to the people," Obama said in a video message to open a conference on efforts to trace and recovery state funds from the deposed rulers in Libya, Tunisia and Egypt.
The three-day meeting in Qatar's capital Doha marks the latest initiative by Mideast and Western allies to strengthen international cooperation to recover state funds from the deposed regimes in the Middle East.
Obama said the funds are crucial to help rebuild and "help advance transitions to democracy" after Arab Spring upheavals.
Qatar and other Persian Gulf states are strong backers of Syrian rebels fighting the forces of president Bashar Assad. They favor aggressive measures to freeze assets of the Syrian government.
(Excerpt) Read more at chron.com ...
The AQ magazine, Inspire Freedom, tahrir (son of) Conqueror/Warrior, Benghazi
So they create a problem for his re-election and he gives them what they want. Brilliant.
The expenses could run into the billions.
“The expenses could run into the billions.”
Trillions, cluster yucks are expensive...
Still looking for Daffy’s gold, he is.
THEIR money...try OUR money!
How about they get the leftovers after all of our expenses are recovered first?
...reaffirmed American support Tuesday for Arab Spring nations seeking to recover possibly billions of dollars in assets stashed away by members of the toppled regimes.
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