Quote:
Originally Posted by Nysus
Don't the banks usually just say fuck off?
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Sure... and they will - but, then the hardball games start...
Depending how stupid the DOJ wants to step into this swamp, they will threaten or issue subpoenas on eg, the bank branches in New York. In turn, the banks will ignore these subpoenas. The goverment in turn will them seek a court order to impose high penalties on the banks for each day they fail to answer that subpoena. The banks will tolerate these penalties for a short time - then reconsider their position (ultimately questioning their position re operating in US jurisdiction).
But.. there are going to be reams of legal paperwork generated before it gets to that stage - and the WTO is just about to issue it's final penalty/sanction decision (this has already been determined against the US), so there may be a change of policy when that happens.