U.S. freezes $30 Billion in Qaddafi Family assets

$30 Billion is chump change to this family. Read on.

via NY Times

David Cohen, acting undersecretary for terrorism and financial intelligence, said that an unspecified number of American financial institutions this past weekend shuttered access to funds belonging to both the Libyan government — in particular its oil-heavy sovereign wealth accounts — and the Qaddafi family. The shutdowns are part of the Obama administration’s attempt to punish Colonel Qaddafi for the government’s violent crackdown against protesters in the last 10 days.

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