Treasury Targets Iran's Banks

http://www.futureofcapitalism.com/2010/02/treasury-targets-irans-banks

The American Treasury Department is getting set to designate Iran's central bank as a terrorist-supporting entity, my former New York Sun and Forward colleague Eli Lake reports. "The first target likely will be Iran's banks," he writes.

The Iranians should be worried. If the Treasury Department does half as much damage to Iran's banks as it did to Lehman Brothers, Bear Stearns, Fannie Mae, and AIG, there won't be much left.

by Ira Stoll  |  Feb 24, 2010 at 10:04 am Related Topics:  AIG, Fannie Mae, Timothy Geithner receive the latest by email: subscribe to the free futureofcapitalism.com mailing list