“Yep. If Cruz has a flaw its that he overestimates the intelligence of the American people. He plays that 3 dimensional star trek chess.
In early August he called on states to impose their own sanctions on Iran based on a supreme court case (fought and won by Ted Cruz) in 08 where the court ruled that international treaties not approved by congress held no jurisdiction over the states. Now the Michigan and Oklahoma attorneys general are both calling on other states to impose sanctions on Iran.”
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Any state which has a bank or a corporation chartered under the state’s law and/or has a presence in that state should IMMEDIATELY FREEZE any assets that are held for Iran. I’m not holding my breath while waiting for this to happen.
Here in Michigan we have had the Iran economic sanctions act in place since 2013. Any Michigan company that wants to do business with Iran is going to pay major fines and lose any contracts they may have with the state.
Something else that Ted Cruz mentioned today that I hadn’t thought about are the pending lawsuits against Iran. That 100 billion in frozen funds is what those victims seek in damages and the banks could end up assuming liability if they release the funds to Iran.