They Know Not What They Say or Do, But They Have the Right to Say It

There are many protests in this area. Pick an issue and, likely, someone or some group has “protested” on behalf of that cause in front of the U.S. Capitol, the White House, the National Mall, or the streets of Washington, DC. It brings out all types of people, some with very strong opinions. Do these protests …

With Friends Like These

The ink is barely dry on the BNP Paribas (BNPP) settlement with the United States government, and there is yet another European bank or two in potential legal trouble over economic sanctions. According to The New York Times: A spokeswoman for Commerzbank in Frankfurt declined to comment on Tuesday on news that the bank was close …

BNP Paribas, Trading With the Enemy

Jail Time Seems Warranted for American Citizens Who May Have Participated in this Scheme My random thoughts on the recent BNP Paribas matter: French government officials are upset with the United States. What’s new, right? This time they’re cringing over a somewhat hefty fine imposed by the United States on BNP Paribas (BNPP), one of the …

BNP Paribas Needs New Leadership, Vision … and a Few ‘Boy Scouts’

Access to the U.S. financial system is a privilege, not a right. France’s BNP Paribas, as well as French government officials, are learning that obvious lesson the hard way. It will be a costly process. In fines alone, the European banking giant faces at least $8 billion or more in fines for helping countries such as …

Economic Sanctions Work, Just Ask BNP Paribas (for the second time)

Clients often ask, “do economic sanctions really work?” I could take this thread many ways, however, they do. They really do. A nuisance to some, irritant to others, economic sanctions are, bar none, some of the most effective economic foreign policy tools available to the United States. They are relatively cheap to implement and can …

Economic Sanctions on the Venezuelan Regime, Long Overdue

Yleem’s latest commentary piece on economic sanctions and Venezuela ran in today’s print edition of The Washington Times. If there was ever a classic specimen calling for targeted economic sanctions it would be the Venezuelan government. For some odd reason, and Yleem elaborates on a few reasons why, the Bush and Obama Administrations have resisted just …

The Hill: Sanctions Busters Get a Free Pass

From today’s The Hill newspaper, Dr. Yleem Poblete talks economic sanctions: Yleem Poblete, a former Hill aide for almost 20 years and the former House Foreign Affairs Committee chief of staff from 2011 through 2013, said politics is a likely reason for the delayed reporting. She said enforcing the sanctions was sometimes a problem under …