Reply #54: Libyan assets frozen by U.S. exceed $34 billion - official

[joshcryer]

http://uk.reuters.com/article/2011/04/07/uk-libya-usa-assets-idUKTRE7364EQ20110407">Libyan assets frozen by U.S. exceed $34 billion - official
(Reuters) - Libyan assets frozen by the United States now exceed $34 billion (20 billion pounds) and some of the money could be used to meet humanitarian costs in Libya, the U.S. Treasury's top financial intelligence official said Thursday.

The Obama administration is working with Congress to determine what to do with the frozen assets of Muammar Gaddafi and his officials. Funds could be used to meet the needs of the Libyan population, said David Cohen, nominated to take over as the Treasury's undersecretary for terrorism and financial intelligence.

"That money is frozen, Colonel Gaddafi and his government cannot get access to it, and we are holding it for the Libyan people," Cohen told a confirmation hearing before the U.S. Senate Finance Committee.

Gaddafi, the "anti-imperialist."