Swizz Bank Fined For Violating Cuba Blockade

The US government has levied a fine of US$536 million on Credit Suisse Bank, Switzerland’s second largest bank, for carrying out transactions that violate the US blockade of Cuba and helped “enemies” of Washington such as Iran, Libya, Sudan and Burma.

The announcement was made by US Attorney General Eric Holder, who said that in the particular case of Cuba, Credit Suisse made 32 electronic transactions to the tune of over $323,000.

In announcing the agreement with the Switzerland-based bank that allowed the US investigators have access to its records, Holder said that “the criminal behaviour of Credit Suisse, because of its implication and complicity, is simply stunning.” Read more of this post

Barack Obama US Attorney General Is A Bajan

The first black man elected U.S. president is poised to name Washington lawyer Eric Holder as the nation’s first black attorney general — a historic appointment but one with some potential political problems over a 2001 pardon.

A source close to the selection process said Wednesday that President-elect Barack Obama has “informally”‘ offered the post to Holder, who has accepted. The person   

spoke on condition of anonymity because no announcement has been made and because the process of vetting the nomination is still going on. Holder’s nomination is expected to be formally announced as soon as this week.

He has made no public comment on the nomination, though an Obama official and two Democrats in touch with Obama’s transition team on Tuesday confirmed that Holder is the top choice for attorney general.

Source: Miami Herald

Biography

Eric Holder [a former D.C. Superior Court judge, U.S. Attorney and Deputy Attorney General. Current senior legal advisor to President-elect Barack Obama, a position he held also in Obama’s campaign. One of three members of Obama’s vice-presidential selection committee]   as born in 1951 in the The Bronx, borough of New York City, to parents with roots in Barbados; Holder’s father, Eric Himpton Holder, Sr. (1905 – 1970) was born in St. Joseph, arrived in the United States at the age of eleven aboard the S.S. Stephen on February 24, 1916, and eventually served in the Army Air Corps during World War II. His mother, Miriam was born in New Jersey of Barbadian parents.

Photo Credit: Wikipedia

Source: Wikipedia

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