The Obama Administration Gave Iran Access To US Financial System

by | Jun 6, 2018 | Headline News | 20 comments

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    The Obama administration granted a license allowing Iran access to the United States financial system despite officials’ pledges that they would prohibit it.  This information is 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, according to Fox News. “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 Senator 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, reported Fox News. 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 Obama administration official disputes the conclusion reached by the subcommittee. the former official claims the description of the license is wrong. “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.”



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      1. The man was working on his “legacy”


        the good of American.

        Same thing Mrs. Clinton would have done if she had won.

        The Presidency is NOT to make a legacy for yourself. If you happen to have a legacy come out of it, well, that’s fine. But it is NOT what your there for

        • When are they gonna put this traitor to death???
          Along with Hillary, Holder, Lynch, Learner, Mccabe, Comey

          • Don`t forget Soros

          • The day of Deep State reckoning is almost here. Can’t arrive soon enough.

      2. He should have already been put to death.

      3. Treason!!!!

      4. Is this really such a big deal? After all, the money belonged to Iran. We didn’t take food out of our children’s mouths to put it into the mouths of Iranian children.


      5. Obama should have read Trump’s book. His presidential retirement should be cut off…..

        • It will be. His true legacy will be out there for everyone to see.
          Wait until you see the picture of him that will soon be released.
          A young Obama wearing tribal gear and firing an AK at something red, white and blue.
          CNN and the lib media will be in freakout mode. They will say the pic was photoshopped.
          Oh yes, many things will be out there very soon.
          Reminds me of that old ketchup commercial where they sing about anticipation.

      6. Obumhole had way too much hate for this country
        to be a President.
        I’m saying… there is way too much government
        for the number being governed. Only one person
        should give the orders…..and that person should
        be the one who answers for the crimes commited
        under those orders. Stop the “I didn’t do it syndrome.”!!!
        Obumhole passed crap that would undermine and
        destroy this country. He was acting as a Benedict
        Arnold to boost the economy of the ME at the cost
        of American economy.
        Saudi Arabia paid his way (albeit he was not qualified)
        to get into Harvard. They bought his way in to Harvard
        with a huge donation.
        Paybacks are a real b**ch, aren’t they?
        He double crossed us, lied, mislead, stabbed our economy
        to death to promote the ME. He should hang for treason.

        • No one has yet cited a single federal statute supposedly violated by Trump. “Russian collusion” in elections is not against the law.

          For the 2020 campaign, Trump should tweet that he’s considering making Putin head of his campaign, as he has so much experience in winning elections. Then we can watch all your heads explode.

      7. Butttery
        Why are you spreading lies??
        Oh you are a troll??

      8. Seriously!!! What meds are you on?

      9. Riiiiight. And I’m the tooth fairy.

      10. The United States presidential line of succession is the order in which officials of the United States federal government discharge the powers and duties of the office of President of the United States if the incumbent president becomes incapacitated, dies, resigns, or is removed from office (by impeachment by the House of Representatives and subsequent conviction by the Senate). The order of succession to the presidency is referred to three times in the U.S. Constitution – in Article II, Section 1, Clause 6; the 20th Amendment; and the 25th Amendment.

        The succession follows the order of vice president, Speaker of the House of Representatives, President pro tempore of the Senate, and then the heads of federal executive departments who form the Cabinet of the United States. The Cabinet currently has fifteen members, beginning with the Secretary of State, and followed by the rest in the order of their positions’ creation. Those heads of department who are ineligible to act as president are also ineligible to succeed the president by succession, for example most commonly if they are not a natural-born U.S. citizen.

        –Copied from Wikipedia

      11. Anyone who gets elected President and gives the country what it needs most will be the most hated President who ever held office. Forget about a legacy.

      12. Buttery apparently never took Government in high school. talk about wishful thinking…

      13. How is she going to run a nation from her prison cell? Dream on, Butterball.

      14. Trump voters would like to see him massacre the rest of the non fascist world, aka the slogan voters. Keep America Great Again flies in the face of all sanity. Trump surpasses all of the evil of all of the past presidents combined. A danger to all of human life.

      15. That no good, Muslim baboon so deserves to HANG for crimes against the American citizenry!

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