The Rosett Report

By Claudia Rosett

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Alex Reed
2007-06-13 09:55:28

The shambolic plan hatched by the Rice-Hill brain trust to acquiesce to Kim’s demand that the tainted $25 million in drug trafficing/counterfeiting/illicit arms sales profits be released to him has hit another rather large boulder in its path. This morning’s New York Sun reports that a group of human rights activists, U.S. Congressmen (signatories of the GAO letter that Ms. Rosett quotes above), and former U.S. Ambassador to the United Nations, John Bolton, are questioning not only the wisdom but also legality of the Rice-Hill plan to have the Federal Reserve Bank of New York broker the Kim deal and handle the dirty money. First, and one would like to hope foremost, the Rice-Hill plan breaks a fistfull of U.S. laws. Rice-Hill seem to have a rather breezy attitude in this regard. Further, if the Fed of New York carries out the deal and becomes involved, it appears that each of the illustrious New York Fed board members would be liable should Kim use any of the funds for any illegal purpose. What a tangled web they weave! Would not Rice & Hill, as the midwives of this idiotic plan, also be liable in this case? In the event, it appears that they subscribe to the notion that the laws of the land apply only when they say they do. Their distorted reasoning is going to land us all in the ditch. If this were a perfect world, Chuck Downs and John Bolton would be negotiating with Kim. But then, who was it said that we get the leaders we deserve……