[I guess this is now a series… although I don’t promise to actually post daily.
Nowadays, it seems like every time I open up the San Francisco Chronicle, I read something that just blows my mind.
Here’s the latest – according to an AP analysis, “average penalties for violating the embargoes fell for every terrorism-sponsoring country after the attacks”. This appears to have been picked up by quite a few newspapers (probably because it is an AP Wire store)… the Houston Chronicle even created a nice little graph representing the changes and labeled it “Precipitous Drop”.
How this translates to being “tough on terror”, rather than “soft on corporate crime” or “easy on corporate traitors”, is beyond me… but I guess the Bush’s have a history of trading with the enemy (Cheney’s Haliburton too), don’t they, so it makes sense that they’re “understanding” and “sensitive” to the issues involved. -Thomas]
AP Enterprise: Average fine for dealing with terrorist nations plunged after Sept. 11
– MATT KELLEY, Associated Press Writer
Sunday, November 7, 2004
(11-07) 09:12 PST WASHINGTON (AP) —
Despite the Bush administration’s pledge to battle terrorist financing, the government’s average penalty against companies doing business with countries listed as terrorist-sponsoring states fell sharply after the Sept. 11 attacks, an Associated Press analysis of federal records shows.
The average penalty for a company doing business with Iran, Iraq, North Korea, Sudan or Libya dropped nearly threefold, from more than $50,000 in the five years before the 2001 attacks to about $18,700 afterward, according to a computer-assisted analysis of federal records.
Penalties for prohibited business involving Iran were nearly twice as high before the attacks. The pre-attack average penalty for an Iran transaction was more than $33,500; the post-attack average fine was about $17,300.
Fines for trading with Iraq while Saddam was in power averaged more than $101,000 before the September 11 attacks, then fell by more than a third to about $74,800 afterward.
Companies accused of dealing with Libya paid fines averaging more than $41,000 before the attacks, a figure more than three times higher than the postattack average of about $12,800.
[… complete article at URL above …]