Treasury Secretary Snow Responds to the New York Times
Read Treasury Secretary John W. Snow's letter to the editors of the New York Times in response to their decision to run a story detailing the Terrorist Finance Tracking Program.
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You have defended your decision to compromise this program by asserting that "terror financiers know" our methods for tracking their funds and have already moved to other methods to send money. The fact that your editors believe themselves to be qualified to assess how terrorists are moving money betrays a breathtaking arrogance and a deep misunderstanding of this program and how it works. While terrorists are relying more heavily than before on cumbersome methods to move money, such as cash couriers, we have continued to see them using the formal financial system, which has made this particular program incredibly valuable. |