Iran continues to profit handsomely off of Obama’s presidency. The Obama administration said that the $1.3 billion paid in January, just two days after the ransom payment of $400 million in cash was delivered, to resolve an old dispute .
The dispute dates back to the 1970s, when the then U.S.-backed shah purchased military equipment for $400 million. Due to the Islamic Revolution, the equipment was never delivered because the shah was overthrown and diplomatic ties were severed.
The dollar figure, $1.3 billion, is what the U.S. and Iran agreed would be the interest on the $400 million in principal over all these years. In January, the $400 million was delivered on pallets transporting the euros, Swiss francs and numerous other foreign currency to Tehran.
The Obama Administration finally acknowledged that the timing of this payment was leverage to ensure the release of the hostages.
Leverage or a ransom – a rose is a rose by any other name. Obama negotiated with terrorists.
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