The more we hear about it, the worse the Iran deal gets. Not only were Americans sending hundreds of billions of taxpayer dollars to the Middle Eastern ideological enemy, but now we find out that despite repeated denials from Obama Administration officials, it turns out they gave a green light to Iran converting assets into American dollars.
Sen. Rob Portman (R-Ohio), chairman of the Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations, unveiled the new report on Wednesday, claiming top government officials granted a “license” that would allow the “conversion of Iranian assets worth billions of U.S. dollars using the U.S. financial system.”
“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,” the report reads.
“Despite these claims, 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,” it continues.
As it happens, the two American banks involved themselves halted the transactions. The people who run them were worried about their reputations and any legal ramifications of conducting what was technically illegal business.
The report cites multiple instances where top officials such as Treasury Secretary Jack Lew pledged before Congress and the public that Iran would not have access to the U.S. financial system, both before and after authorizing the license.
“The Obama administration misled the American people and Congress because they were desperate to get a deal with Iran,” Portman said in a statement.
Why that was the case, when the country had been hard to handle for a long time and the deal cost the United States a lot of treasure we really cannot afford, is a question that has yet to be answered.
For now, though, one Congressional report is telling the world how the Obama Administration sold us out.