Tags: obama | iran deal | hostages

Obama Sought to Manipulate American Banks to Benefit Iran

Obama Sought to Manipulate American Banks to Benefit Iran
(Chip Somodevilla/Getty Images)

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Monday, 11 June 2018 12:59 PM Current | Bio | Archive

The implications of former President Barack Obama’s nuclear agreement with Iran are beginning to come into the full light of day. The only verdict that can be reached is an astonishing amount of deception aimed at the American people and Congress.

It becomes quite apparent why Obama had no intention of running the full truth of the agreement through Congress. Mostly this was due to the ultra-secretive side of his administration’s deals pertaining to regular inspections of nuclear sites in Iran.

The seedy underside of the agreement was discovered by then-Rep. Mike Pompeo (R-KS), now secretary of state, and Sen. Tom Cotton (R-AR) while meeting with International Atomic Energy Agency officials in Vienna. Soon after, they uncovered the hushed-up U.S. plane dispatched to Tehran loaded with $400 million in various foreign currencies.

The money just happened to arrive at the very moment four American hostages were boarding a flight to freedom. Shortly after this incident, two more secret flights delivered an additional $1.3 billion in hard currency.

This is obviously outrageous behavior that would have been condemned by both sides of the aisle you would think. But to make matters worse, Sen. Rob Portman’s (R-OH) Senate Permanent Subcommittee on Investigations revealed even more damaging evidence of Obama’s deceit.

Obama’s administration wanted to enable the Iranians to manipulate the American banking system. That included helping them convert (launder) $5.7 billion in Iranian assets. This supposedly happened after the Obama administration had assured Congress this would never happen. That included Obama’s Treasury Secretary Jack Lew.

Lew told the Senate Foreign Relations Committee that the agreement the administration had reached would negate the Iranians from accessing the U.S. financial markets. One of his top deputies, Adam Szubin, reiterated those words in testimony to the Senate banking committee.

The amount of high-level deceit is scurrilous. What Lew and Szubin had assured Congress would not happen was exactly what transpired. There is little doubt that these two men were aware of the inconsistencies in their assurances from the start.

The entire litany of deception is mind-boggling. It includes:

  • Officials from the Office of Foreign Assets Control (OFAC) encouraged two U.S. correspondent banks to convert funds. The banks declined.
  • In a letter to Sens. Marco Rubio (R-FL) and Mark Kirk (R-IL), Treasury officials said they were not working to enable Iran to access U.S. dollars elsewhere in the international financial system. That was patently false.
  • The Obama administration encouraged foreign financial institutions to do business with Iran. In fact, in London OFAC Director John Smith suggested there would be no penalties or fines in the future.

The story has amazingly gathered little media attention. Suffice it to say, for a majority of the major news organizations, the wrong political party is involved. One can only surmise the worldwide attention this alarming story would have if the name Trump appeared in the headline.

Dwight L. Schwab, Jr. is an award-winning national political and foreign affairs columnist and published author. He has spent over 35 years in the publishing industry. His long-running articles include many years at Examiner.com and currently Newsblaze.com. Dwight is an author of two highly acclaimed books, "Redistribution of Common Sense - Selected Commentaries on the Obama Administration 2009-2014" and "The Game Changer - America's Most Stunning Election in History." He is a native of Portland, Oregon, a journalism graduate from the University of Oregon, and a resident of the SF Bay Area. To read more of his reports — Click Here Now.

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DwightLSchwab
The implications of former President Barack Obama’s nuclear agreement with Iran are beginning to come into the full light of day. The only verdict that can be reached is an astonishing amount of deception aimed at the American people and Congress.
obama, iran deal, hostages
577
2018-59-11
Monday, 11 June 2018 12:59 PM
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