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.
