What's Obama's position on this? What's John McCain's position? Are they in favor of this economic duress?
Any agreement signed under such arm twisting is not binding.
Last updated June 5, 2008 2:39 p.m. PT
U.S. issues threat to Iraq's $50 billion foreign reserves in military deal
The U.S. is holding hostage some $50 billion of Iraq's money in the Federal Reserve Bank of New York to pressure the Iraqi government into signing an agreement seen by many Iraqis as prolonging the U.S. occupation indefinitely, according to information leaked to The Independent.
Iraqi critics of the agreement say that it means Iraq will be a client state in which the U.S. will keep more than 50 military bases. American forces will be able to carry out arrests of Iraqi citizens and conduct military campaigns without consultation with the Iraqi government. American soldiers and contractors will enjoy legal immunity.
...Given intense American pressure on a weak Iraqi government very dependent on U.S. support, it is still probable that the agreement will go through with only cosmetic changes.