Even after Former President Barack Obama told Congress Iran would be barred from the U.S. financial system, he gave them access anyway. The revelation came from Senate Permanent Subcommittee on Investigations early Wednesday. The report found that Iran was "never able to access the market because two U.S. banks refused to participate, but said the Obama administration's effort was contrary to the plans it conveyed to Congress," reported the Washington Examiner.
Here's what the report said:
As the United States negotiated with Iran, one important U.S. interest consistently remained off-limits: Iran would not be granted access to either the U.S. financial system or the U.S. dollar. Foreign financial institutions were free to conduct business with the government of Iran and Iranian entities, but U.S. financial institutions continued to be barred from engaging Iran. 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.
This notwithstanding, 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 Examiner reported that in 2015, Obama's Treasury Secretary Jack Lew testified "in the Senate that Iran would 'continue to be denied access to the [U.S.] financial and commercial market.'"
"But the report found that in February of 2016, the U.S. quietly issued a license allowing Iran to access the U.S. financial system," their report continues.
Catch Pat's reaction to the shady dealings above and read the full report here.
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