Obama Admin Advising Global Banks on Ways to Give Iran Money

 

Reporter: Is Admin Exploiting Loopholes For Iran?

The Obama administration is now advising foreign banks on how to bypass existing U.S. sanctions when dealing with Iran, according to the State Department, which disclosed that officials are offering guidance on how to grant the Islamic Republic access to billions of dollars in frozen assets.

However, the administration would not comment when pressed by reporters on whether foreign banks would be permitted to conduct monetary transactions with Iran using American dollars. Continue reading

Federal Reserve hacked

US central bank confirms intrusion after hacktivist group Anonymous was claimed to have stolen 4,000 bankers’ details

“The Federal Reserve system is aware that information was obtained by exploiting a temporary vulnerability in a website vendor product,” a spokeswoman for the US central bank said. Continue reading