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Taking The War To Wall Street: Financial Front Crucial To Victory.(ISSUES & INSIGHTS)(BRAIN TRUST)

Investor's Business Daily

| October 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Frank J. Gaffney Jr.

President Bush chose a fitting, if unprecedented, opening shot in America's first war of the 21st century targeted at those responsible for the destruction of the ultimate symbol of American capitalism, the World Trade Center: He put Wall Street squarely in the front lines by launching a "strike on the financial foundation of the global terror network."

With an executive order issued on Sept. 24, Bush acknowledged the dominance of the U.S. in the world's financial system and the enormous national security leverage it offers Washington in the kinds of conflicts likely to characterize the new century. As the president put it in a Rose Garden ceremony on Sept. 24: "Money is the lifeblood of terrorist operations. Today, we're asking the world to stop payment."

Forceful Clarity

Toward that end, Bush announced, with the forceful clarity that has become his trademark in the last two weeks: "We will direct every resource at our command to win the war against terrorists, every means of diplomacy, every tool of intelligence, every instrument of law enforcement, every financial influence. We will starve the terrorists of funding, turn them against each other, rout them out of their safe hiding places and bring them to justice."

Bush then unveiled what he had in mind: "We have developed the international financial equivalent of law enforcement's "Most Wanted' list. And it puts the financial world on notice. If you do business with terrorists, if you support or sponsor them, you will not do business with the United States of America."

As the president said, his order "immediately freezes U.S. financial assets of and prohibits U.S. (financial) transactions with 27 different entities."

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