Foundation for Defense of Democracies

$1.1 Billion in Khadafy-Government Assets Stashed in Manhattan-Based Banks

Jonathan Schanzer
28th August 2011 - Quoted by Isabel Vincent and Melissa Klein

Jonathan Schanzer, vice president for research at the Foundation for Defense of Democracies, said the United States would likely hold onto most of the Libyan assets for now.

"It's not in the interest of the US to be forking over billions of dollars to the rebels," said Schanzer, a former Treasury Department official.

Tags

libya, qaddafi, united-states