As Tehran’s coffers swelled with oil revenues in the 1970s, Chase formed a joint venture with an Iranian state bank and earned big fees advising the national oil company. By 1979, the bank had syndicated more than $1.7 billion in loans for Iranian public projects (the equivalent of about $5.8 billion today). The Chase balance sheet held more than $360 million in loans to Iran and more than $500 million in Iranian deposits.
The hostage crisis doomed Mr. Carter’s presidency. And the team around Mr. Rockefeller, a lifelong Republican with a dim view of Mr. Carter’s dovish foreign policy, collaborated closely with the Reagan campaign in its efforts to pre-empt and discourage what it derisively labeled an “October surprise” — a pre-election release of the American hostages, the papers show.
Jimmy Carter actually had it right initially --- don't let the Shah in and try to deal with the Iranian people. If he had resisted the pressure -- they appealed to Carter's humanitarian nature. Carter lightened up on Cuba (I know because I went in 1978 when he did and also on the Nicaragua gang supporting the dictatorship) - but when Russia invaded Afghanistan he boycotted the 1980 Olympics - so he was also a cold warrior though not exactly the flavor of Kissinger and the Dem/Rep alliance to monger wars.
Gee, all that Russian interference in our elections. No nation has interfered more than we have. A hundred years ago President Woodrow Wilson sent troops to Russia to fight the Bolsheviks and the surface and deep state have been interfering in Russia ever since.
Ahhh, so we ended up with Reagan who went after environmentalists, unions, education, etc and helped lead us down this path of emphasizing markets over people --- neo-liberals.The fateful decision in 1979 to admit Mohammed Reza Pahlavi prompted the seizure of the American Embassy in Tehran and helped doom the Carter presidency.
The shah, Washington’s closest ally in the Persian Gulf, had fled Tehran in January 1979 in the face of a burgeoning uprising against his 38 years of iron-fisted rule. Liberals, leftists and religious conservatives were rallying against him. Strikes and demonstrations had shut down Tehran, and his security forces were losing control.The shah sought refuge in America. But President Jimmy Carter, hoping to forge ties to the new government rising out of the chaos and concerned about the security of the United States Embassy in Tehran, refused him entry for the first 10 months of his exile. Even then, the White House only begrudgingly let him in for medical treatment.Now, a newly disclosed secret history from the offices of Mr. Rockefeller shows in vivid detail how Chase Manhattan Bank and its well-connected chairman worked behind the scenes to persuade the Carter administration to admit the shah, one of the bank’s most profitable clients.For Mr. Carter, for the United States and for the Middle East it was an incendiary decision.----- https://www.nytimes.com/2019/
12/29/world/middleeast/shah- iran-chase-papers.html? searchResultPosition=1