William Reinsch
William Reinsch
expect foreigners pile
Foreigners have a whole pile of dollars. I don't know what we expect them to do with them.
approved known license
Had we known ... then what we know now, we wouldn't have approved the license -- no question.
riding wave
I think we're riding a wave of xenophobia.
equivalent fire seem
It does seem like they're unloading this in the equivalent of a fire sale.
year
A year from now we're all going to be embarrassed by this.
baffled business caught difference drove stuff types wrong
It just baffled me and drove the business types crazy. The stuff that OFAC was doing was important and made a big difference to their businesses, particularly if they got caught in the wrong place.
approach beat chinese defining difficult engagement face five good head issues job last policy risk runs solution standard undoing until
It does a good job of defining the difficult issues we face with China, but its standard solution is to beat Chinese over the head until they comply. That approach runs the risk of undoing our policy of engagement with China, which has been the policy of the last five administrations.
concerned cut legitimate
We're very concerned about it. ... It's going to cut off a lot of legitimate non-military trade.