Iran is known to be one of the major suppliers for weapons and terrorists around the world. The IED’s (Improvised Explosive Devices) American troops encountered in Iraq and Afghanistan generally originated in Iran. This is not a country that we want to give a lot of money to–the money doesn’t go to the people–it goes to the military and to fund terrorism. So what in the world was President Obama thinking when he made a deal with Iran that gave them a boatload of money? It gets worse.
The Washington Times posted an article today about an attempt by President Obama to give Tehran access to American banks to convert the large amount of money Iran received after the nuclear agreement into American dollars.
The article reports:
The Obama administration — despite repeatedly assuring Congress that Iran would remain barred from the U.S. financial system — secretly mobilized to give Tehran access to American banks to convert the windfall of cash it received from sanctions relief under the 2015 nuclear deal into dollars, an investigative report by the Senate has revealed.
A copy of the report, obtained by The Washington Times, outlines how Obama-era State and Treasury Department officials discreetly issued a special license for the conversion to a major Omani bank and unsuccessfully pressured two U.S. banks to partake in the transaction, all while misleading lawmakers about the activities.
The document, compiled by the Senate’s Republican-led chief investigative subcommittee, began circulating Tuesday, just as the Trump administration issued its harshest warnings to date to foreign governments and companies to avoid doing business with Iran or find themselves in the crosshairs of Washington’s reimposition of sanctions as part of Mr. Trump’s withdrawal from the nuclear deal.
The article explains that Congress was not informed of what was going on–in fact they were lied to:
The Senate Homeland Security Committee’s permanent subcommittee on investigations probe contends that the Obama administration went out of its way to keep U.S. lawmakers in the dark about calculated and secretive efforts to give Tehran a back channel to the international financial system and to U.S. banks, facilitating a massive U.S. currency conversion worth billions of dollars.
“Senior U.S. government officials repeatedly testified to Congress that Iranian access to the U.S. financial system was not on the table or part of any deal,” according to a draft copy of the document obtained by The Times. “Despite these claims, the U.S. Department of the Treasury, at the direction of the U.S. State Department, granted a specific license that authorized a conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system.
“Even after the specific license was issued, U.S. government officials maintained in congressional testimony that Iran would not be granted access to the U.S. financial system,” the report said.
The article concludes:
“Despite claims both before and after the Iran deal was completed that the U.S. financial system would remain off limits, the Obama administration issued a specific license allowing Iran to convert billions of dollars in assets using the U.S. financial system,” Mr. Portman said. “The only reason this transaction wasn’t executed was because two U.S. banks refused, even though the administration asked them to help convert the money.”
Such sanctions, he added, “are a vital foreign policy tool, and the U.S. government should never work to actively undermine their enforcement or effectiveness.”
Thank God our banks had more integrity than President Obama.