Report: Obama Administration Gave Iran Access to U.S. Financial System
Rusty Weiss
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Apparently flying them pallets of cash wasn’t enough.
A draft report from the Senate’s Permanent Subcommittee on Investigations indicates the Obama administration granted a license to Iran that allowed them access to the U.S. financial system, and they did so while repeatedly lying to the American people in saying they wouldn’t do so.
According to the bombshell report, Obama’s Treasury Department issued a license in February of 2016, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman to Euros by exchanging them first into U.S. dollars.
The financial maneuvering with Iran, a violation of sanctions, was so sketchy that two American banks refused to take part because they didn’t want to be in violation themselves. Also, as the Associated Press reports, there was a “reputational risk of doing business with or for Iran.”
The former President and his minions were so desperate for a deal with Iran that they didn’t care about America’s own reputation. (RELATED: President Trump Expected to Announce Iran in Violation of Nuclear Deal).
The Iran Deal itself was built on arrogance and naivete. But the eagerness of the Obama administration to help the terrorist regime in Tehran – and then lie about it — is an utter disgrace. Detailed here;https://t.co/hqxMLkB8Q4
— Stephen Hayes (@stephenfhayes) June 6, 2018
Multiple Obama officials testified that such access to the U.S. financial system was not a possibility.
Iran “will continue to be denied access to the world’s largest financial and commercial market,” Treasury Secretary Jack Lew claimed.
One of his top deputies later stated that despite the nuclear deal, “Iran will be denied access to the world’s most important market and unable to deal in the world’s most important currency.”
Also clear from the story that top Obama administration officials lied about these decisions. Important with Obama, as with Trump, to use that word when it applies. They lied. https://t.co/6VkuImGByk
— Stephen Hayes (@stephenfhayes) June 6, 2018
Senator Rob Portman was charitable, calling the Obama administration’s outright lies ‘misleading.’
“The Obama administration during the negotiation of the Iran deal misled the American people,” he charged. “I think they did so because they were desperate to get a deal.”
According to the AP report, “Iran began to complain that it wasn’t reaping the benefits it had envisioned” almost immediately after the sanctions had been lifted through the deal.
One month later, access to the U.S. financial system was granted.
Not only were they desperate for a deal, but they were desperate to placate the Iranian regime to keep the deal in place.
Because of the failure to convince American banks to work with Iran, funds were reportedly accessed by other exchange means.
The banks were unwilling to work with a terror sponsor in Iran, while the Obama administration was willing to send them pallets of cash and access to the financial system.
How is this not treason?
Do you think the Obama administration should have granted Iran access to our financial system? Share your thoughts below!