« Something is happening here, and we clearly have no clue what it is | Main | North Korea Nuclear Update »
April 10, 2007
More North Korea Questions
What is going on here? (AP)
The optimism from U.S. Assistant Secretary of State Christopher Hill comes after the U.S.
Treasury Department said authorities in the Chinese-administered region of Macau are prepared to unblock the frozen funds that North Korea says are the reason it has refused to move forward on a disarmament agreement.The Macau government said it was aware of the Treasury statement and that it would work with all parties involved. "Simultaneously, it expects all parties concerned to come up with appropriate and responsible arrangements respectively," it said on its Web site.
A call to a spokesman of Banco Delta Asia, the bank where the funds are being held, was not immediately returned Tuesday. The lender had been blacklisted by Washington for allegedly helping the North launder money and its North Korean accounts were frozen. The bank has denied any wrongdoing.
Washington blacklists a bank in Macao for laundering money months ago. The money is frozen in the bank. Now the U.S. says that it is trying to get the money "unfrozen". Huh? What is the hold up? Why can't the bank now release the funds? It had been moving the money around quite easily, what is the problem now? Something is rotten in Denmark.
Posted by Chip Spear at April 10, 2007 8:38 AM