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By Antillean, Wednesday, December 2, 2009
A group of senators wants the United States to oppose any new international loans to Antigua until the island nation compensates victims of the fraud allegedly run by R. Allen Stanford, whose bank was located there.
Sen. Richard Shelby of Alabama, the senior Republican on the Banking Committee, and seven other senators on Tuesday introduced a resolution to have Treasury Secretary Timothy Geithner direct the U.S. representatives at the World Bank and International Monetary Fund to oppose new loans to Antigua “until that government cooperates with the United States” and compensates the Stanford investors.
The so-called sense-of-the Senate resolution would be nonbinding. It wasn’t immediately clear when the Senate might vote on it.
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