Casten to Bessent on VZ oil money: "IEEPA specifically says you have to be engaged in hostilities with a country for IEEPA to trigger. Rubio said we are not at war with Venezuela. So unless you disagree w/ him, I'm unclear other what legal authorities the US has to control or disperse those assets"
Carsten exposes Bessent for using the US Treasury to run an international money laundering operation, with no accountability. He should be prosecuted promptly.
American Banker:
Casten also questioned Treasury's oversight, asking how the Treasury ensures funds don't return to "shady characters."
