Obama settled a lawsuit with Iran. He settled it for less than we would have otherwise paid had we lost in court.
Not with the 1.5 billion in cash he had flown in he didn't. Try again!
We can debate all you want about the wire transfer, but those planes full of cash, not so much-)
You’re factually incorrect. The plane with cash was for the lawsuit. There was no wire transfer.
Um, no. You are incorrect. It appears to me that the lawsuit you're referring to is the asset seizure issue relating back to the Carter Administration, which resulted during the Obama Administration in payment of the $400 million in principal that was frozen, plus the interest that accrued on the principal per the
requirement that the principal be held in an interest bearing account (see last paragraph of pg. 3). And all of that money was paid by the US to Iran via wire transfer:
To return the principal,
the Treasury,
working with the Defense Finance and Accounting Service (DFAS) and the Federal Reserve Bank of New York,
made a $400 million wire transfer from DFAS to the Swiss National Bank. The $400 million was then converted into Swiss francs and withdrawn in franc banknotes, which were transferred to Geneva. On January 17, the banknotes were
disbursed to an official from the Central Bank of Iran.
The interest was paid from the Judgment Fund, which pays “court judgments and Justice Department compromise settlements of actual or imminent lawsuits against the government.” . . .
Since the Judgment Fund does not allow the processing of individual claims of amounts over ten digits, the agreed upon interest—$1.3 billion—
was split into 13 claims of
$99,999,999.99 and one claim of the remaining
$10,390,236.28.
These amounts were transferred from the Judgment Fund to the Dutch National Bank, where they were converted into euros and withdrawn in euro banknotes. The Dutch bank then disbursed the notes to a representative from the Central Bank of Iran.
The United States, Iran, and $1.7 billion: Sorting out the details
As stated above, the cash on the planes had nothing to do with any settlement of a lawsuit. Try again.