Richardcyoung.com

The Online Home of Author and Investor, Dick Young

The Obama Administration’s Uranium Scandal

By

President Barack Obama meets with Prime Minister Vladimir Putin at his dacha outside Moscow, Russia, July 7, 2009.
(Official White House Photo by Pete Souza)

Bill and Hillary Clinton were just doing what the Clintons do best—cashing in on their “public service.” A Kremlin-tied Russian bank paid the former president $500,000 for a single speech. Clinton’s wife Hillary was then secretary of state, Andrew McCarthy reminds readers in NRO.

At the time, Russia was plotting — successfully — to secure U.S. government approval for its acquisition of Uranium One, and with it, tens of billions of dollars in U.S. uranium reserves.

The real kicker here is that the Uranium scandal is not primarily a Clinton scandal, it’s an Obama administration scandal.

The Obama administration, with Secretary Clinton at the forefront but hardly alone, was knowingly compromising American national-security interests. The administration green-lighted the transfer of control over one-fifth of American uranium-mining capacity to Russia, a hostile regime — and specifically to Russia’s state-controlled nuclear-energy conglomerate, Rosatom. Worse, at the time the administration approved the transfer, it knew that Rosatom’s American subsidiary was engaged in a lucrative racketeering enterprise that had already committed felony extortion, fraud, and money-laundering offenses.

The Obama administration also knew that congressional Republicans were trying to stop the transfer. Consequently, the Justice Department concealed what it knew. DOJ allowed the racketeering enterprise to continue compromising the American uranium industry rather than commencing a prosecution that would have scotched the transfer. Prosecutors waited four years before quietly pleading the case out for a song, in violation of Justice Department charging guidelines. Meanwhile, the administration stonewalled Congress, reportedly threatening an informant who wanted to go public.

For the rest of the story from Andrew McCarthy go here.

The following two tabs change content below.

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.