Tuesday, April 15, 2008

I MISSED THIS BOMBSHELL BUT...

Fear Vs Reason on AOL didn't.

Saudi Arabia is prime source of terror funds, U.S. says
Treasury official expresses frustrations with the administration's efforts to force action by the kingdom. A Senate panel orders a review.

By Josh Meyer, Los Angeles Times Staff Writer April 2, 2008

WASHINGTON -- Saudi Arabia remains the world's leading source of money for Al Qaeda and other extremist networks and has failed to take key steps requested by U.S. officials to stem the flow, the Bush administration's top financial counter-terrorism official said Tuesday.

Stuart A. Levey, a Treasury undersecretary, told a Senate committee that the Saudi government had not taken important steps to go after those who finance terrorist organizations or to prevent wealthy donors from bankrolling extremism through charitable contributions, sometimes unwittingly.

"Saudi Arabia today remains the location where more money is going to terrorism, to Sunni terror groups and to the Taliban than any other place in the world," Levey said under questioning.

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