Despite claims that the money the Obama Administration gave to Iran already belonged to Iran, this isn't true. The Iranian money previously seized by the Unites States had already been paid out as compensation to the victims of Iranian terror.

The most infamous payoff was the $1.7 billion in cash the administration shipped off to the IRGC on wooden pallets in exchange for U.S. citizens held hostage by the regime. The White House said that there was no "quid pro quo," that it was Iran's money to begin with--$400 million the pre-revolutionary government had deposited in 1979 to buy U.S. arms, plus interest. But the U.S. had already used the $400 million to compensate terror victims of the Islamic Republic. That was Iran's money. The $400 million the Obama administration used to "pay back" the Iranians belonged to the U.S. taxpayer.

The administration argued that the U.S. had to pay the ransom in cash because Tehran had been cut off from the financial system and there was no other way to transfer the funds. That was not true. The Obama administration had wired payments to Iran before and after the wooden pallets episode. The Iranians wanted cash so it would be harder to track their terror financing.

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