Newsweek featured an article today being highly critical of both the Obiang Regime in Equatorial Guinea and the Obama administration. This article first compares Obiang to Gaddaffi (which, probably isn't completely inaccurate) and then criticizies the US for the hypocracy demonstrated by freezing Gaddafi's family's assets in the US, but allowing the Obiang family's funds to flow freely throughout the US. It states that a congressional investigation revealed that there are tens of millions of looted-Equatoguinean funds in the US being stored under fictitious "shell"companies, in addition to other assets the family owns in the US (this articles specifically mentions almost $500 million, but gives no total).
The article commends the US for the freeze on the assets of Mubarack, Ben Ali and Gaddafi but states that it is not ok to be selective in the despotic leaders of which they choose to freeze assets. It also states that the US is just as much of a "haven for the loot of bloodthirsty foreign despots" as other international banking centers (Switzserland, Dubai, Cayman Islands).
by brianna howell
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