Powered by WebAds

Sunday, April 19, 2009

Iranian sanctions, Obama style

Part of President Obama's 'outreach' to Iran apparently includes removing the sanctions that previous administrations had placed on Iranian participation in the world banking system. How to else to explain a report in a Tehran newspaper over the weekend that four American banks, including at least two TARP beneficiaries (Citigroup and Goldman Sachs) have requested licenses to open branch banks in Iran.
According to the newspaper, the official requests were submitted to the Central Bank of Iran about 20 days ago, and if approved, the banks will be able to send delegations to the country's free trade zone.

Later, if they prove to meet Iran's banking laws, the four banks may open branches in the country's big cities, including Tehran.

The newspaper notes that the new Obama administration in the United States enabled a slight improvement in the relations between the two countries. The American president was recently quoted as saying that he was ready to reach out to countries like Iran.


Goldman Sachs and Citigroup were badly hurt by the credit crisis and are looking for new markets in order to improve their financial situation.
Don't worry America. The country's in good hands. What could go wrong?


At 3:26 PM, Blogger NormanF said...

And never mind Iran's slapping America across the face by imprisoning Roxana Saberi for espionage. The unfortunate fate of an American citizen must be not be allowed to get in the way of detente with Iran.

What could go wrong, indeed.

Hopenchange, anyone?

At 10:56 PM, Blogger NormanF said...

You'd think Roger Cohen would get over his Israel obsession. This week he writes that Israel had better get over being a victim and start getting along with the world's RX for the Palestinians.

Israel, Iran And Fear If you haven't figured it out, IT'S ALL ISRAEL'S FAULT!

Thanks for nothing, Roger!


Post a Comment

<< Home