United States finds $29 billion of Libyan assets in one bank—freezes them

by Robert O'Harrow Jr., James V. Grimaldi and Brady Dennis

Photo:Goran Tomasevic/Reuters

The Treasury Department team had been working nonstop on a plan to freeze Libyan assets in U.S. banks, hoping they might snare $100 million or more and prevent Moammar Gaddafi from tapping it as he unleashed deadly attacks against protesters who wanted him gone.