On Monday (April 6th), in the face of widespread alarm at the release of child molesters from jail, he announced plans to close a loophole which allowed dangerous paedophiles to be released from prison without supervision.
Announced Fed changes stand to close this loophole by clearly stating that all fees whether they are assessed before or after an account is opened count toward the 25% fee limit calculation.
What is more, were the United States now to back away from seeking such a tightening of the existing sanctions for example, so as to avoid a bruising fight with France which has announced that it will oppose a closing of the loophole Qadhafi will only be emboldened further to flout the will of the international community.
Morgan Stanley has announced its acquisition of Nan Tung Bank, one of the few Chinese banks that, thanks to a loophole (ownership by the Bank of China through a Macau subsidiary) could be bought.