Search Results for: Treasury bank

There are fresh reminders that the Living, Breathing Document North Korea signed last month can only be described as a “breakthrough” if that description is prominently labelled as journalistic high burlesque. The V-word (no, not the one with its own monologue) looms before us: U.S. Defense Secretary Donald Rumsfeld says any agreement with North Korea on providing technology and other incentives in return for giving up its nuclear weapons programs will need a strong verification system. The secretary made the...

Updated 10/12; scroll down. Never accuse the North of not fighting above its weight or thinking big. In the process, it has cemented the most recent credible evidence of its cooperation with international terrorists, which might prove troublesome for that pesky terrorism list. Via the Times of London (also reported in Yonhap): ONE of Ireland’s most famous revolutionaries could face 20 years in an American jail for his alleged role in a communist plot to wreck the dollar. Sean Garland,...

Supernotes Update: One of the Macau banks named in a U.S. Treasury Department investigation of North Korean money laundering, Delta Asia Bank, is reported to be on the verge of collapse as depositors run for their money. The Macau government has had to intervene, and I read between the lines that a bailout may be necessary. Delta is Macau’s number two bank, and Macau is a notorious haven for North Korean skullduggery. More background on the “wedding” that began the...