Word: pinochets
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...accomplice, Michael Townley, 33, an American-born agent of Chile's secret police (DINA), flew home to Santiago from Miami, his mission accomplished. It was to assassinate Orlando Letelier, 42, a self-exiled former Chilean Ambassador and eloquent critic of the military junta headed by General Augusto Pinochet. Letelier was killed in Washington on Sept. 21, 1916, by a remote-controlled bomb planted in his blue Chevelle; killed with him was an American aide, Ronni Moffit...
...addition, he and Isabel Letelier published a report last month through the Transnational Institute, an adjunct of IPS, detailing the "relationship between foreign economic assistance, private capital flows and the state of human rights in Chile since September 11, 1973, when the military junta led by General Augusto Pinochet overthrew the democratically-elected government of President Salvador Allende." One of the purposes of the report is to air "the conflicts between the officially stated human rights policy of the U.S. government and the behavior of private U.S.-based corporations and banks." Moffitt and Isabel Letelier assert that without private bank...
Moffitt explains that if Pinochet had to answer to President Carter, he would not have outlawed the PDC in March of 1977. Instead, the report states, the same month the party was outlawed, U.S. banks loaned him $51 million. In January, 1978, Pinochet exiled 12 Christian Democrats for participating in illegal political activities and the same month, the report indicates, "the bank consortium headed by Wells Fargo lent the government $125 million and Exxon purchased approximately $100 million worth of shares of the La Disputada (copper) mines...
...report concludes, "private multinational bank loans and suppliers' credits to Chile have not only replaced official bilateral and multilateral loans as Chile's principal sources of external financing, but far surpassed them in importance to the military junta. The tremendous influx of private bank loans since 1976 gave the Pinochet regime a green light to thumb its nose at international pressure designed to improve the human rights situation in Chile...
...more in conformity with public policies through legislation. Moffitt and Isabel Letelier also sent letters to the heads of all the banks loaning money to Chile saying, "We don't think it's appropriate for banks which are based and chartered through the U.S. to be lending to the Pinochet government at the same time as leading members of his government are implicated in a terrorist murder here." Moffitt added, "We don't believe that there should be lending to governments who the U.S. Congress and a dozen other countries have condemned as the worst of the human rights violators...