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US Bank Boycott
By Micah Halpern

Tuesday April 4, 2006

I've Been Thinking:

The United States and the West watched Hamas swear in its government.
Now what?

The US has suspended official relations with the Palestinian Authority.
But the US will still conduct discussions with PA President Mahmoud Abbas.
And the US is still trying to pressure Hamas and the Palestinians to accept Israel and reject violence.

The United States has a new still undisclosed plan.
This time, the plan might just work.
Bank Boycotts.
The United States has a plan to boycott and sanction banks that hold Palestinian money.

Arab banks have just gotten wind of the plan. Their preemptive response is to convince the Palestinians to bank elsewhere out of fear of being hit by US sanctions.

Banks and markets are very sensitive to reputations and to threats.
If the US has the guts to really go ahead and implement this plan they may accomplish far more than they would by cutting off aid to the Hamas-led government.

4 June 2017 12:14 PM in Thoughts


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