Wow. It’s more and more clear that Obama was running a Chicago-style criminal organization.
The Obama administration went out of its way in early 2016 to help Iran recoup previously sanctioned oil revenue stranded in an overseas account after the nuclear deal went into effect and actively misled Congress regarding those efforts, according to the results of a nearly two-year Republican investigation released early Wednesday.
But the unfreezing of Iran’s U.S. accounts would be the end of it, the Obama administration said at the time. Both before and after the deal was implemented, officials repeatedly told Congress that Iran, under remaining non-nuclear sanctions, would have no access whatsoever to the U.S. financial system or institutions.
To facilitate the transaction, Obama officials engaged in lengthy discussions with Iranian and Omani officials; appealed to the two American banks to undertake the transfer; privately issued a special Treasury license that would guarantee it was allowed under still-existing U.S. sanctions; and even approached the New York Federal Reserve Bank for help.
At the end of the day, nothing worked. Eventually, according to the report, Oman took a slower and more complicated route, gradually buying small amounts of euros in Europe that could be transferred to Iran. No one involved seems certain whether Iran has yet received all of its $5.7 billion.
But in undertaking the effort and not disclosing it to Congress, Subcommittee Chairman Rob Portman (R-Ohio) said in an interview, “the Obama administration misled the American people by saying that Iran was not going to be granted access to the U.S. financial system. I think they did it because they were so eager to get an agreement with Iran.”
Such access, said Portman, a longtime opponent of the Iran deal, “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.”