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A comment on A quick breakdown of what SWIFT is and why it matters. Parent comment

Re:A quick breakdown of what SWIFT is and why it matters by JumpCrisscross on Friday February 25, 2022 @05:16PM (#30473013)
> US has the power to force any bank that wants to transact in USD to freeze all Russian assets no matter the currency

Ish. In reality, this power is constrained by our courts. Which is why we have the privilege. A foreign person wrongly frozen can take on the U.S. government in court and win.

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Re:A quick breakdown of what SWIFT is and why it matters by tomp on Friday February 25, 2022 @05:40PM (#30473238)
Isn't it in actual reality just a matter of passing the right set of laws?

"I deem it legal to freeze assets of terrorists."

"I now deem you a terrorist."

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Re:A quick breakdown of what SWIFT is and why it matters by lmm on Friday February 25, 2022 @05:50PM (#30473347)
You could equally say that in actual reality it's a matter of having enough men with guns. Occasionally the abstractions break down and that's where it all bottoms out.
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