quicknoteblogQuick note on why the U.S. is so reluctant to invoke more stringent sanctions against Russia, Vladimir Putin and those involved in anarchy of Eastern Ukraine.

If the U.S. imposes sanctions on accounts of Russian provocateurs any action intentional or otherwise with these accounts by the bank that holds them could result in the Federal Reserve or FDIC revoking the bank’s charter.

This would cause an immediate collapse of the the firm and lead to massive layoffs.

When big-five accounting firm Arthur Andersen had its charter revoked 25,000 people became unemployed.

Political risk of increasing the unemployment rate in an election year could have grievous detriment to the Obama administration leaving capacious flexibility for Mr. Putin to continue his efforts to revanche his beloved former Soviet states.