Access to the American financial system “is the crown jewel, what all these countries would love. Yet our government offered it, while at the same time telling the American people they weren’t offering it,”
Anyone surprised by this?
(From The National Review)
Despite this pledge to the public and Congress, in February 2016 the administration assisted Tehran in recovering $5.7 billion held in the Bank Muscat in the Persian Gulf state of Oman, according to the report, compiled by the Senate’s permanent subcommittee on investigations. And, according to the report, administration officials continued to misled Congress after the license was issued.
“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 noted.
Under the terms of the nuclear deal, Iran was entitled to access the funds, which were held in Omani rials, a currency that is notoriously difficult to convert. The Obama administration attempted to help the Iranians convert the funds to Euros by issuing a special treasury license to two large U.S. banks empowering them to convert the funds first into dollars and then euros.
So in other words Obama went out of its way to help the Iranians convert the illiquid Omani rials to very liquid euros. This on top of the palate of cash Obama literally sent the mullahs.