Obama likes to place huge blame on the US banking system for the country’s financial woes, and would love to place yet even more regulations on it. However, Iran’s main bank, CBI, continues to go unscathed from any sanctions which could severely hamper Iran’s procurement of needed materials for its nuclear weapons program. Why is that?
One of the reasons may be from Austria and Germany, which has huge trade agreements with the Iranian regime, they are loathe to see any crimping of their economies over a US induced UN sanction on Iran’s main bank. That’s the TT’s take.
NOTE: Another thought is that Obama is just not that to wrought over the fact that the Iranians will soon have the potential to make life miserable for the Jewish state.
Why Won’t Obama Sanction Iran’s Financial Lifeblood?
November 7, 2011 3:57 P.M.
By Benjamin Weinthal
Details of this week’s International Atomic Energy Agency report have begun to leak, and they reveal new evidence that Iran is building a nuclear weapon.
Yet in spite of the IAEA’s discoveries — which were undoubtedly already known to him — President Obama has announced his decision not to impose sanctions on the Central Bank of Iran.
Obama reached this decision only weeks after the White House revealed an Iranian plot to murder the Saudi ambassador to the United States in a high-end Washington restaurant, an attack that would likely have killed dozens of Americans.
The Islamic Republic depends on the CBI for its energy transactions, which provide the money it needs to finance its nuclear operations and its terrorist proxies Hamas and Hezbollah.
After all of Iran’s violations with respect to nuclear weapons, terrorism, and human rights, it simply defies logic that Obama would decline to sanction the CBI. The U.S. and its allies have already sanctioned Iran’s largest banks — Melli and Saderat — for their connections to Iran’s nuclear and ballistic missile activities, and both banks are CBI subsidiaries.
Meanwhile, Iran continues to execute pro-democracy activists and minorities, including perhaps the evangelical pastor Youcef Nadarkhani, who faces a choice between converting to Islam or the death penalty.