Obama administration gave Iran access to US financial system!!!

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1989TransAm
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Obama administration gave Iran access to US financial system!!!

Post by 1989TransAm » Wed Jun 06, 2018 1:34 pm

More cr@p coming out on the damage that Obama has done.

"The Obama administration granted a license letting Iran access the United States financial system despite officials’ pledges that they would prohibit it, 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. “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 Sen. Rob Portman (R-Ohio), subcommittee chairman. “I think they did so because they were desperate to get a deal.”

(Excerpt) Read more at http://www.foxnews.com/politics/2018...al-system.html

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Re: Obama administration gave Iran access to US financial system!!!

Post by 1989TransAm » Wed Jun 06, 2018 1:55 pm

One more thing. This was in violation of the sanctions in place at the time.

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Re: Obama administration gave Iran access to US financial system!!!

Post by mk e » Wed Jun 06, 2018 4:05 pm

Of course they did....that is what removing sactions means.. How can this be news to you?
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Re: Obama administration gave Iran access to US financial system!!!

Post by engineczar » Thu Jun 07, 2018 12:55 pm


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Re: Obama administration gave Iran access to US financial system!!!

Post by RevTheory » Thu Jun 07, 2018 12:57 pm

mk e wrote:
Wed Jun 06, 2018 4:05 pm
Of course they did....that is what removing sactions means.. How can this be news to you?
They specifically said they would not do what they did! If Trump had pulled that shit, you'd be blowing this board up.

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Re: Obama administration gave Iran access to US financial system!!!

Post by 1989TransAm » Thu Jun 07, 2018 1:16 pm

RevTheory wrote:
Thu Jun 07, 2018 12:57 pm
mk e wrote:
Wed Jun 06, 2018 4:05 pm
Of course they did....that is what removing sactions means.. How can this be news to you?
They specifically said they would not do what they did! If Trump had pulled that shit, you'd be blowing this board up.
This for the truth.

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Re: Obama administration gave Iran access to US financial system!!!

Post by mk e » Fri Jun 08, 2018 7:24 am

RevTheory wrote:
Thu Jun 07, 2018 12:57 pm
mk e wrote:
Wed Jun 06, 2018 4:05 pm
Of course they did....that is what removing sactions means.. How can this be news to you?
They specifically said they would not do what they did! If Trump had pulled that shit, you'd be blowing this board up.
What?

Iran wanted to sell oil. Oil is traded in US $...so the only way Iran can sell it is to have access to trading in US$...which is the US financial system.

dropping sanctions =access to the US financial system.

There is no news here.

The US $ and money wiring system are what make gobal trade on the scale we see today possible. Its what make US sanctions so powerful. Other countries like China and Russia keep talking about creating their own similar system but so far the US has managed to twist enough arms in enough countries to keep the idea from becoming a reality and leaving the US in control.....Rump is now putting this at extreme risk with his battles with most of the other large econonies......they may decide enough is enough and move to WTO run system. If that happens US sanctions become almost worthless.
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Re: Obama administration gave Iran access to US financial system!!!

Post by engineczar » Fri Jun 08, 2018 9:04 am

mk e wrote:
Fri Jun 08, 2018 7:24 am
RevTheory wrote:
Thu Jun 07, 2018 12:57 pm
mk e wrote:
Wed Jun 06, 2018 4:05 pm
Of course they did....that is what removing sactions means.. How can this be news to you?
They specifically said they would not do what they did! If Trump had pulled that shit, you'd be blowing this board up.
What?

Iran wanted to sell oil. Oil is traded in US $...so the only way Iran can sell it is to have access to trading in US$...which is the US financial system.

dropping sanctions =access to the US financial system.

There is no news here.

The US $ and money wiring system are what make gobal trade on the scale we see today possible. Its what make US sanctions so powerful. Other countries like China and Russia keep talking about creating their own similar system but so far the US has managed to twist enough arms in enough countries to keep the idea from becoming a reality and leaving the US in control.....Rump is now putting this at extreme risk with his battles with most of the other large econonies......they may decide enough is enough and move to WTO run system. If that happens US sanctions become almost worthless.
That's is the news. That's how sanctions work and it's the reason congress wouldn't approve the deal. Allowing Iran to sell its oil would put it into a more powerful position globally in which case any future sanctions wouldn't have as much leverage.

Now substitute Trump for Obama and North Korea for Iran. If Trump skirted congress and gave Kim a backroom deal you and MaxineandSons would post so fast your keyboards would be smoking.

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Re: Obama administration gave Iran access to US financial system!!!

Post by mk e » Fri Jun 08, 2018 9:28 am

engineczar wrote:
Fri Jun 08, 2018 9:04 am

That's is the news. That's how sanctions work and it's the reason congress wouldn't approve the deal. Allowing Iran to sell its oil would put it into a more powerful position globally in which case any future sanctions wouldn't have as much leverage.

Now substitute Trump for Obama and North Korea for Iran. If Trump skirted congress and gave Kim a backroom deal you and MaxineandSons would post so fast your keyboards would be smoking.
Congress did approve the Iran deal. They wanted it but knew it would be controversial so they pre-approved it before it was finalized with a provision that whatever is agreed will go into effect unless they vote to stop it, which they didn't. If you believe the line you're being fed about outrage of it then you're being played.

Currently there is no NK deal so I don't know how to compare it to Iran....when and if there is a deal then we can talk about this.
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Re: Obama administration gave Iran access to US financial system!!!

Post by engineczar » Fri Jun 08, 2018 10:25 am

So where was the part of the deal where Iran gets access to the banking system located because it's not in the deal that congress approved?

Just for laughs Here's Chuckie Schumer's thoughts on the deal from 2015

https://www.schumer.senate.gov/newsroom ... -iran-deal

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Re: Obama administration gave Iran access to US financial system!!!

Post by mk e » Fri Jun 08, 2018 11:06 am

engineczar wrote:
Fri Jun 08, 2018 10:25 am
So where was the part of the deal where Iran gets access to the banking system located because it's not in the deal that congress approved?
Congress approved the deal without any knowledge of what the final deal would include. It was a clever move that lets everyone come out after the fact and say the oppose it and be on record as voting against it, but the 2nd vote doesn't matter, the 1st vote was the binding one. Politics at its worst.
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Re: Obama administration gave Iran access to US financial system!!!

Post by RevTheory » Fri Jun 08, 2018 2:34 pm

Gotta love an administration that "doesn't have a smidge of corruption" in it. I sure wish the left would wake up!

"In other words, the Obama administration: (1) told Congress it would not allow Iran access to U.S. financial institutions; (2) issued a special license allowing Iran to do exactly that; (3) unsuccessfully pressured U.S. banks to help Iran; (4) lied to Congress and the American people about what it had done; (5) admitted in internal emails that these efforts "exceeded" U.S. obligations under the nuclear deal; (6) sent officials, including bank regulators, around the world to urge foreign financial institutions to do business with Iran; and (7) promised that they would get nothing more than a slap on the wrist for violating U.S. sanctions.

How bad is this? Remove the words "Obama" and "Iran" and replace them with "Trump" and "Russia" and imagine the outrage that would ensue over the same revelations. Democrats would be holding news conferences, and the story would be front-page news."


http://www.foxnews.com/opinion/2018/06/ ... -deal.html

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Re: Obama administration gave Iran access to US financial system!!!

Post by 1989TransAm » Fri Jun 08, 2018 11:40 pm

Title: Rhodes can't answer questions about Obama secretly granting Iran access to US financial system....

Ben Rhodes, a former top aide to President Barack Obama, repeatedly dodged questions about a new report claiming his administration misled Congress about granting Iran access to the U.S. financial system during the negotiation of the Iranian nuclear deal..... tried to shoot down the idea the administration misled Congress by telling Blitzer that it was only a "single license granted" that was "never even used."

"The Obama Iran nuclear deal was a devil's bargain, but one exclusively designed to help the devil," Cruz said in a statement responding to Wednesday's report... "The Obama administration was even working in secret to circumvent the weaker sanctions left over from the nuclear deal - and they were lying to Congress about it." .."They subordinated American law and the U.S. financial system to the deal, hatching a scheme that would have put the U.S. dollar and U.S. banks to work moving money for the Iranians," he added, before calling for an investigation to "get to the bottom of whatever else the Obama administration sacrificed at the altar of the Iran deal."

https://www.washingtonexaminer.com/news ... ial-system

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