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November 4, 2016

John Kerry Goes abroad to Solicit Loans for Iran, Encouraging Banks to Ignore the Warnings of the Treasury Department

Rewarding bad faith with an excess of good faith.

On Monday, the U.S. Secretary of State spoke at London’s Chatham House, where he urged big banks to start extending credit to the Islamic Republic, as a reward for its “having met its part of the bargain.” Even as he admitted that he was making “good-faith efforts way beyond” what the nuclear deal specifies, he erroneously reassured potential lenders that as long as they did “due diligence” they would face no problems from U.S. enforcement agencies. (So egregious were Kerry's remarks that the State Department itself has had to issue a correction.) Elliott Abrams comments:

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