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Politics : Politics for Pros- moderated
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To: carranza2 who wrote (172135)7/3/2006 4:12:53 AM
From: Ilaine  Read Replies (1) of 793883
 
Your reasoning is excellent.

Now, let's see you use that same logic on an international terrorist, who has two choices on transferring money -- he can send it via his friendly neighborhood hawala network, which his family has used for hundreds of years (it's true!), and is completely untraceable, and even gives a better exchange rate and lower transactions costs than banks, or he can rely on the discretion of the banking system.

Hmmm. What to do, what to do?

(BTW -- the ancients had something like hawala long before Islam. I learned about this system in a class taught by Yiannopoulous -- according to him, the Greeks invented everything. Very helpful on long trade voyages and the Silk Road. But they used written documents called bills of exchange. Hawala relies on trust, is oral, and has no written records.)
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