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Ask any real American this simple question.  Iran was tried by an American Court which found it to be not only a state sponsor of terrorism, but heard absolute proof that Iran ordered the 1983 attack on the Beirut Marine Barracks that killed 241 United States Marines and Iran was ordered to pay $2.8 billion  to the families of the fallen Marines.  Suppose we found a lot of Iran’s money in America.  Should we send the money back to Iran or use it to compensate the families of fallen United States Marines?

 

You would be hard pressed to find anyone who thinks that giving Iran almost $2 billion dollars back, when that money could be used to compensate the families of American Marines, is a good idea.

 

Yet on Wall Street, there is one firm that wants to do just that. 

 

They want to give the money back to Iran instead of sending it to the families of the fallen Marines.

 

The Depository Trust and Clearing Corporation (DTCC) wants to do just that.  DTCC is a financial clearinghouse.  In plain English, that means they provide a secure method for buyers and sellers of securities to clear their transactions. 

 

DTCC is now working against the Beirut Marine families and the bills (H.R. 4070 and S.2101). These bills would take $1.6 billion dollars of Iranian assets, frozen in the United States, and would give them to the families of the fallen Marines instead of sending the money back to Iran. 

 

Why would any American support Iran over America? Donald F. Donahue is the CEO of DTCC.  I’d love to ask him that question.  Does he support Iran over American Marines? Robert Druskin is the Chairman of the Board of DTCC.  Does he support Iran over American Marines?  I’d love to ask him that as well.

 

DTCC has been sending lobbyists to Capitol Hill to try and modify the legislation before the House and Senate that would allow Iran to get the money it has in frozen accounts and would deny the families of the fallen Beirut Marines any compensation. 

 

Why any American would lobby for Iran is simply unbelievable.  It is disgusting.

 

Many Americans are outraged that we could give this money back to Iran instead of to the families of the fallen Marines.  Jamie Radtke is a Tea Party activist in Virginia and she is running for the United States Senate in the Republican Primary.  She says, “I am outraged that anyone would think that sending almost $2 billion back to Iran instead of using that to compensate the families of our Beirut Marines is a good idea.  Every United States Senator should stand with the Marine families and make certain S.2101 is passed and sent to the President for his signature.  When I am in the United States Senate, I will put the interests of America and our fallen Marines ahead of Iran’s interests.”

 

 

This is where real Americans need to stand up and act.  Our Senators and Congressmen are hearing from lobbyists but they need to hear from us, the people who put them in office.   No Senator or Congressman will want to be painted with the label of being for Iran and against fallen American Marines. 

 

Call your Congressman and Senators.  Ask them where they stand on this.  Do they support Iran or do they support the families of the fallen American Marines?

Tags: beirut, clearing, corporation, deposit, iran, jamie, marines, radtke, trust

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I'll try to find it myself, but do you have phone numbers and e-mail addresses for those a$$holes?

I think he was referring to CEO Donahue, et al.

For everyone's info:

The New York City based Depository Trust & Clearing Corporation (DTCC), which among other services settles securities transactions exceeding a quadrillion dollars, is lobbying Congress to oppose H.R. 4070, a bill that would enhance sanctions on Iran's central bank and make it easier for victims of Iranian terrorism to collect court ordered judgments. DTCC claims that it handles such a tremendous volume of financial transactions that determining which originate in Iran would prove an unreasonable burden. H.R. 4070, which has a growing list of bipartisan co-sponsors, strengthens and clarifies American law that enforces how Iranian assets in the U.S. may be attached in cases involving American victims of Iranian terrorism.

Surviving victims and families of those killed in the Beirut bombing are outraged.

"DTCC should be ashamed of itself. It is moaning to Congress behind closed doors that it's too much work to keep Iran from laundering money into the American financial system so that its investments can finance Hamas and other terrorist organizations committed to killing Americans. DTCC says it's too much trouble to keep Iran from being held responsible for out and out murder. How absolutely absurd," says Lynn Smith Derbyshire, spokes person for the Beirut bombing victims.

According to University of Pennsylvania law professor Charles Mooney, a widely recognized international business law expert, DTCC is overreacting.

"The bill creates no significant additional burdens to the US securities holding system. It actually helps US financial institutions by defining their responsibilities under existing law sanctioning Iran and its financial institutions. Moreover, with some minor adjustments to the bill, it could explicitly address all material concerns expressed by DTCC. It is regrettable that the Depository Trust & Clearing Corporation opposes this bill solely to avoid what amounts to a slightly enhanced due diligence effort to detect and block Iranian assets," Professor Mooney said.
Surviving victims and families of those killed in the Beirut bombing are outraged.

"DTCC should be ashamed of itself. It is moaning to Congress behind closed doors that it's too much work to keep Iran from laundering money into the American financial system so that its investments can finance Hamas and other terrorist organizations committed to killing Americans. DTCC says it's too much trouble to keep Iran from being held responsible for out and out murder. How absolutely absurd," says Lynn Smith Derbyshire, spokes person for the Beirut bombing victims.

According to University of Pennsylvania law professor Charles Mooney, a widely recognized international business law expert, DTCC is overreacting.

"The bill creates no significant additional burdens to the US securities holding system. It actually helps US financial institutions by defining their responsibilities under existing law sanctioning Iran and its financial institutions. Moreover, with some minor adjustments to the bill, it could explicitly address all material concerns expressed by DTCC. It is regrettable that the Depository Trust & Clearing Corporation opposes this bill solely to avoid what amounts to a slightly enhanced due diligence effort to detect and block Iranian assets," Professor Mooney said.
http://pr-usa.net/index.php?option=com_content&task=view&id...
http://mobile.reuters.com/article/companyNewsAndPR/idUS214297+05-Ma...

DTCC's press release regarding the legislation:
http://dtcc.com/news/press/releases/2012/iran_sanctions_bill.php

Beirut Bombing Victims Challenge Depository Trust & Clearing Corporation to Provide Specifics on Improvements It Wants to Iran Sanctions Legislation
http://www.marketwatch.com/story/beirut-bombing-victims-challenge-d...

US court: Iran must pay $44.6m. to 1983 Beirut victims
http://www.jpost.com/International/Article.aspx?id=264087

DTCC's Home Page

http://dtcc.com/

Contact Page:

http://dtcc.com/contact/participant/index.php

Global Corporate Actions (there is an email on this page):

http://dtcc.com/contact/gca/

This is a start (sorry--gotta go; company coming for the holiday)

If you have any additional contact info, please add on--thanks!

I would like to know how DTCC benefits by returning this money to Iran.  Clearly there must be some gain or why bother?  What's the connection?

Check out this "muckety map" for this company's connections to others (might be a start as to connections to/with Iran/Middle East):

You can go to the following link for an inter-active version of this map:

http://www.muckety.com/Depository-Trust-Clearing-Corporation/504344...

Holy Cow.  Would take someone a lot smarter than I am to unravel all that.   

What's the point,...................Iran is printing better phony $ 100.00 notes than

the federal reserve. Give the Iranian's their seized counterfit money back and distribute

the legitamite assets among the Marine's famlies!

Is'nt Capitalism great?When it cause's your own country men to betray their country.

Its not "capitalism" that is at fault. It is man choosing to do evil instead of good. Do you think government control of an economy (its people) is not capable of evil? It is in itself evil to enslave any man.

Congress.org is a good website for all Congressional contact. All you need to do is put in your zip code and it will take you to your elected officials

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