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Wednesday, June 06, 2018

Obama hid efforts to aid Iran's windfall


Corruption in the Obama administration was deeper and larger than anyone realized.  They lied to everybody: you, congress and the press.

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 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.

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