BUSTED! Obama Just Caught Giving Secret Access To Iran – They Found EVERYTHING!
SOURCE : https://goo.gl/ArY27i
The AP is now reporting that the Barack Hussein Obama administration did give Iran secret access to the United States financial system in order to launder money to help that enemy nation avoid sanctions.
Apparently, after striking a what can be considered a very questionable nuclear deal with Iran, the Obama administration let Iran have promised access to its long-frozen overseas reserves, including $5.7 billion stuck in an Omani bank. But in order to be able to spend that money, Iran wanted to convert it to U.S. dollars and then to euros although top U.S. Officials promised Iran would never be granted access to America’s financial system.
In order to fulfill the promise, the Obama administration made to Iran the administration proceeded by secretly issuing a license to let Iran in order to sidestep U.S. sanctions for the brief moment required to convert the funds through an American bank. The plan failed when two U.S. banks refused to participate in this highly illicit plot.
All this was revealed by an ongoing Senate Republican investigation and the revelation is now re-igniting the debate over the nuclear deal and whether former President Barack Obama, along with his sidekick Valarie Jarrett who has heavy ties to Iran was overly eager to grant concessions to Tehran.
Here is more on this via the AP:
“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” said Sen. Rob Portman, R-Ohio, who chairs the Senate panel that conducted the investigation.
And Republican Rep. Ed Royce, the House Foreign Affairs Committee chairman, accused Obama of trying to “hide a secret push to give the ayatollah access to the U.S. dollar.”
Not so, former Obama administration officials said, arguing the decision to grant the license adhered to the spirit of the deal, which included allowing Iran to regain access to foreign reserves that had been off-limits because of U.S. sanctions. They said the public assurances that Iran would be kept out were intended to dispel incorrect reports about nonexistent proposals that would have gone much farther by letting Iran actually buy or sell things in dollars.
The former Obama officials disputed that the momentary access to U.S. banks to convert funds through the dollar constituted “access to the U.S. financial system.” What’s more, they dismissed the report as another example of a faulty approach to Iran policy by Republicans and by President Donald Trump, who last month withdrew the U.S. from the landmark 2015 nuclear accord.
“They continue to malign the deal in an effort to justify President Trump’s unjustifiable decision,” said Ned Price, who was Obama’s White House National Security Council spokesman, referring to GOP lawmakers.
Still, the report by the Senate Permanent Subcommittee on Investigations sheds light on the delicate balance the Obama administration sought to strike after the deal, as it worked to ensure Iran received its promised benefits without playing into the hands of the deal’s opponents. Amid a tense political climate, Iran hawks in the U.S., Israel and elsewhere argued that the United States was giving far too much to Tehran and that the windfall would be used to fund extremism and other troubling Iranian activity.
The Treasury Department license, issued in February 2016 and never disclosed, would have allowed Iran to convert $5.7 billion it held at Oman’s Bank of Muscat from Omani rials into euros by exchanging them first into dollars. If the Omani bank had allowed the exchange without such a license, it would have violated sanctions that bar Iran from transactions that touch the U.S. financial system.
The situation resulted from the fact that Iran had stored billions in Omani rials, a currency that’s notoriously hard to convert. The U.S. dollar is the world’s dominant currency, so allowing it to be used as a conversion instrument for Iranian assets was the easiest and most efficient way to speed up Iran’s access to its own funds.
“Yikes,” one former Treasury official told colleagues in an email, as described by the report. “It looks like we committed to a whole lot beyond just allowing the immobilized funds to settle out.”
The Obama administration approached two U.S. banks to facilitate the conversion, the report said, but both refused, citing the reputational risk of doing business with or for Iran.