Posted on 06/06/2018 7:11:05 AM PDT by COUNTrecount
WASHINGTON The Obama administration secretly sought to give Iran access albeit briefly to the U.S. financial system by sidestepping sanctions kept in place after the 2015 nuclear deal, despite repeatedly telling Congress and the public it had no plans to do so.
An investigation by Senate Republicans released Wednesday 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 deals 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 report by the Senate Permanent Subcommittee on Investigations revealed that under President Barack Obama, the Treasury Department issued a license in February 2016, never previously disclosed, that would have allowed Iran to convert $5.7 billion it held at a bank in Oman from Omani rials into euros by exchanging them first into U.S. 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 effort was unsuccessful because American banks themselves afraid of running afoul of U.S. sanctions declined to participate. 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.
(Excerpt) Read more at nypost.com ...
Skirt?
Hussein wears skirts...
Horrid fake news!
Obummer and Kerry ought to be fitted for their orange jumpsuits for violating the Logan Act!!!
"Don't worry, Mr President, the Dept of the Treasury is under your control."
=============================================
Soon as the Chicago Sewer types occupied the WH, Obama placed his COS Rahm Emanuel in control of the US Dept of the Treasury (oversees the IRS). PAUSE TO REFLECT First-term Obama had tight control of Treasury; Obama calculatedly placed his then-COS Rahm Emanuel in a dual role.......in the WH and at Treasury. Obama had a stranglehold on Treasury via COS Rahm Emanuel's dual role
==========================================
THE SMOKING GUN---WSJ REPORT--On Jan 20, 2009 Timothy Geithner was appointed Obama's Secy of the Treasury. But within three weeks, the Obama White House tightened its grip on Treasury. Obama put his COS, Rahm Emanuel, in charge of Treasury---Rahm Emanuel's dual role was an unusual move.
When he got to Treasury, WH COS Rahm Emanuel was so involved in the inner workings that the phrase "Rahm wants it" had become an unofficial mantra among subservient govt staffers, prostrate in obeisance, scurrying to accede to Rahm's wishes, according to Treasury government officials. Reported by WSJ / 05/31/09
More here: http://online.wsj.com/article/SB124113406528875137.html
==========================================
Pres Trump needs to make an inquiry to the US Dept of the Treasury and ask what RAHM AND Obama were doing in the US Treasury after Obama got elected.
Treasury HAS a huge Rahm/Obama paper trail. One can get awfully rich awfully fast knowing the Fed's Treasury moves in advance. But the Iran connection could prove to be even more interesting considering the hundreds of millions Obama secretly gave to Iran.
Would someone please charge the Kenyan commie with sedition already???
Treason...........................
Obama thought he was Robin Hood ,steal from the Evil US and give to the World ,LOL
That same week, the AP reported that the Treasury had prepared a draft of a license that gave Iran much broader
permission to convert its assets from foreign currencies into easier-to-spend currencies like euros, yen or rupees,
by first exchanging them for dollars at offshore financial institutions.
Valjar is the key.
Someone... maybe Hillary or her thugs - Or Obama and his sycophants were getting something big in return... too bad we don't have some police type group that could investigate this - some group that wasn't compromised by liberal elite criminals.
p
Part of bammy’s plan to give muzzies as much of our wealth as possible, and to turn the world muzzy.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.