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Obama administration gave Iran access to the US financial system, then lied about it Login/Join 
Peace through
superior firepower
Picture of parabellum
posted
Treason, plain and simple

http://www.foxnews.com/politic...inancial-system.html

The Obama administration granted a license letting Iran access the United States financial system despite officials’ pledges that they would prohibit it, according to a draft report from the Senate’s Permanent Subcommittee on Investigations.

“On Feb. 24, 2016, the Treasury Department issued a specific license to Bank Muscat to authorize the conversion of Iran’s rials to euros through ‘any United States depository institution …,’” the draft report said. “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 Obama administration during the negotiation of the Iran deal misled the American people,” said Sen. Rob Portman (R-Ohio), subcommittee chairman. “I think they did so because they were desperate to get a deal.”

When the nations involved in the Iran nuclear agreement implemented the deal, Iran had $5.7 billion in assets at Bank Muscat in Muscat, Oman, maintained as Omani rials, according to the subcommittee. Iran wanted to access that money, and using the U.S. financial system to convert it “was the most efficient means, even though U.S. sanctions prohibited it,” according to the report.

Government officials tried to convince two U.S. banks to execute the conversion. They both declined, citing the complexity and the unwanted appearance involved in processing an Iranian transaction, according to the report.

Without a compliant American bank, a senior State Department official said he believed Bank Muscat and Iran eventually used European banks to convert the funds, said the committee.

Portman said his subcommittee began investigating the transaction last summer. In an interview with an unnamed senior State Department official, the panel said, the official acknowledged that the administration “’exceeded our JCPOA commitments’ because there was nothing in the JCPOA that required the issuance of the specific license,” according to the report. (JCPOA is the acronym for the Joint Comprehensive Plan of Action with Iran.)

A former administration official disputes the subcommittee's conclusion, saying the Treasury Department never authorized Iran to access U.S. investments or markets, conduct commercial transactions in U.S. dollars or open correspondent accounts at U.S. banks.

“This specific license cannot be described as ‘granting access to the U.S. financial system,’” the former official said. “This specific license was in fulfillment of JCPOA commitments to give Iran access to pools of its money held overseas. It was aimed solely to allow the movement of Iran’s own funds stranded at an Omani bank into euros at a European bank, where Iran could then make use of them.”
 
Posts: 109647 | Registered: January 20, 2000Reply With QuoteReport This Post
Not really from Vienna
Picture of arfmel
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“The most transparent administration in history.”
 
Posts: 27237 | Location: SW of Hovey, Texas | Registered: January 30, 2007Reply With QuoteReport This Post
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Picture of Ken226
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The most disgusting part of this is that no one will be shocked, or even surprised. Par for the course under that administration.

99% of the media will proclaim that this is a big nothing burger, and resume their coverage of Trump's grand conspiracy with the Russians to cheat Hillary out of her turn.

The media can ignore it all they want, but its still a criminal act. I'd like to remain optimistic that heads are going to someday roll over the crap Obama and his criminal gang pulled.
 
Posts: 1563 | Location: WA | Registered: December 23, 2000Reply With QuoteReport This Post
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Picture of erj_pilot
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quote:
Originally posted by arfmel:
“The most transparent administration in history.”

Yeah...except it was to aid and abet our sworn enemies. God, I absolutely LOATHE that waste of a human being. Mad



"If you’re a leader, you lead the way. Not just on the easy ones; you take the tough ones too…” – MAJ Richard D. Winters (1918-2011), E Company, 2nd Battalion, 506th Parachute Infantry Regiment, 101st Airborne

"Woe to those who call evil good, and good evil... Therefore, as tongues of fire lick up straw and as dry grass sinks down in the flames, so their roots will decay and their flowers blow away like dust; for they have rejected the law of the Lord Almighty and spurned the word of the Holy One of Israel." - Isaiah 5:20,24
 
Posts: 11066 | Location: NW Houston | Registered: April 04, 2012Reply With QuoteReport This Post
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IF HRC had been elected much of this corruption would have remained in a dark hole.No wonder a former administration weaponized the FBI and intelligence agencies to to subvert Trump.


_________________________
"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13325 | Registered: January 17, 2011Reply With QuoteReport This Post
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Picture of bigdeal
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quote:
Originally posted by Ken226:
The most disgusting part of this is that no one will be...
...arrested, prosecuted, or jailed. In early American times, such behavior would have been viewed as exactly what it is, an attempt to aid and abet enemies, and the individuals involved would have been hanged or imprisoned. And they say we've evolved as a culture since those times. Yeah, right.


-----------------------------
Guns are awesome because they shoot solid lead freedom. Every man should have several guns. And several dogs, because a man with a cat is a woman. Kurt Schlichter
 
Posts: 33845 | Location: Orlando, FL | Registered: April 30, 2006Reply With QuoteReport This Post
Never miss an opportunity
to be Batman!
Picture of jsbcody
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quote:
Originally posted by arfmel:
“The most transparent administration in history.”


Well technically they were.....it was just that the media refused to investigate and/or report it, but instead helped cover it up.
 
Posts: 4079 | Location: St.Louis County MO | Registered: October 13, 2006Reply With QuoteReport This Post
Just because you can,
doesn't mean you should
posted Hide Post
After that late night delivery of cash, nothing surprises me.
Still, pretty disappointing.


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Avoid buying ChiCom/CCP products whenever possible.
 
Posts: 9909 | Location: NE GA | Registered: August 22, 2002Reply With QuoteReport This Post
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Obama couldn’t tell the truth if his life depended on it, too bad it doesn’t!
 
Posts: 1833 | Location: central Alabama | Registered: July 31, 2009Reply With QuoteReport This Post
stupid beyond
all belief
Picture of Deqlyn
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So desperate to make a deal yet they were allowed to make uranium outside of iran in Syria(as confirmed by israelis) and got a heapload of money and got this access. What did we get in return?

Treason is the appropriate word here.



What man is a man that does not make the world better. -Balian of Ibelin

Only boring people get bored. - Ruth Burke
 
Posts: 8247 | Registered: September 13, 2012Reply With QuoteReport This Post
delicately calloused
Picture of darthfuster
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Traitors and tyrants.



You’re a lying dog-faced pony soldier
 
Posts: 29942 | Location: Norris Lake, TN | Registered: May 07, 2008Reply With QuoteReport This Post
Member
posted Hide Post
The bullet we dodged gets bigger and bigger every day.
 
Posts: 3680 | Location: Texas Hill Country | Registered: July 24, 2009Reply With QuoteReport This Post
Mired in the
Fog of Lucidity
posted Hide Post
Another piece of the growing shit-show that is the Obama legacy.
 
Posts: 4850 | Registered: February 10, 2007Reply With QuoteReport This Post
Still finding my way
Picture of Ryanp225
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EDITED

This message has been edited. Last edited by: parabellum,
 
Posts: 10851 | Registered: January 04, 2009Reply With QuoteReport This Post
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Picture of Sig Sauer Kraut
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Somehow I’m not shocked. And don’t worry, Barry is will brag about “no scandals” during his administration. The news will drop this in a day or two and focus on Trump sneezing at an inopportune time or similar.
 
Posts: 691 | Registered: January 04, 2008Reply With QuoteReport This Post
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I think Donald Trump is going to straighten out our relationship with Iran.


____________________________________________________

The butcher with the sharpest knife has the warmest heart.
 
Posts: 13510 | Location: Bottom of Lake Washington | Registered: March 06, 2007Reply With QuoteReport This Post
Lawyers, Guns
and Money
Picture of chellim1
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quote:
Originally posted by wcb6092:
IF HRC had been elected much of this corruption would have remained in a dark hole.No wonder a former administration weaponized the FBI and intelligence agencies to to subvert Trump.

Yep.
The "Russian collusion" narrative was designed to deflect attention from Hillary and the Dems.
It's the "insurance policy" keeping them out of jail.
The entire MSM is complicit in the lies and propaganda.



"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
 
Posts: 24753 | Location: St. Louis, MO | Registered: April 03, 2009Reply With QuoteReport This Post
Still finding my way
Picture of Ryanp225
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EDITED

This message has been edited. Last edited by: parabellum,
 
Posts: 10851 | Registered: January 04, 2009Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
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Who are you talking about?
 
Posts: 109647 | Registered: January 20, 2000Reply With QuoteReport This Post
Peace through
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Picture of parabellum
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I'd like an answer, please
 
Posts: 109647 | Registered: January 20, 2000Reply With QuoteReport This Post
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