Judge Orders $6 Billion in Damages to 9/11 Relatives
by Abha Shankar • Jul 31, 2012 at 2:03 pm
"A Manhattan judge awarded $6 billion to relatives of victims of the 9/11 attacks in a historic ruling Monday. The ruling for the first time imposes civil penalties on perpetrators of the heinous attacks that killed nearly 3,000 people. Manhattan Federal Magistrate Judge Frank Maas ordered al-Qaida and co-conspirators Iran and the Taliban to pay $6 billion in punitive damages to 110 survivors and the estates of 47 victims that are parties to the lawsuit. The ruling is likely to result in attempts to seize Iranian state assets overseas, the New York Daily News reports."......................
Sneaky way to grab Iranian assets in overseas back. I would worry about unintended consequences. Will OPEC nations fearing confiscation of funds start using Chinese or other foreign banks instead of US and Euro?
Thomas Sowell: There are no solutions, just trade-offs.
