That’s incredible… These are the most crippling sanctions in the history of sanctions, period.Joe Biden, defending his administration’s stance on sanctions against Iran. Paul Ryan accused the administration of lacking any credibility on preventing Iran’s nuclear program, which elicited a broad grin from Biden and the above rejoinder. The debate has been pointed and hot so far, as Biden is striking the polar opposite mood of President Obama’s listless performance last week.
God willing, a new order will come together and we’ll do away with everything that distances us. Now even elementary school kids throughout the world have understood that the United States government is following an international policy of bullying. They command from behind the microphone. They command and impose their wills on how things should be done. I do believe the system of empires has reached the end of the road. The world can no longer see an emperor commanding it. Bullying must come to an end. Occupation must come to an end.Iranian President Mahmoud Ahmadinejad • Describing the United States as a “bully” in a recent interview with the Associated Press. Ahmadinejad was in New York for the UN General Assembly. His final term as Iranian president ends next year.
» Why did they settle? Well, to put it simply, it was starting to turn into a PR crisis. While they disagreed with the state of New York’s portrayal of the situation, the regulatory body had some pretty decent ammo against the bank, including an exec saying this: ”You (expletive) Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians.” (There are U.S. sanctions on Iran.) The bank will take corrective measures to prevent this from happening again. (EDIT: As the WSJ’s Samuel Rubenfeld points out below, the deal does not preclude a settlement from federal regulatory bodies. That’ll happen separately.)