Obama's Engagement Policy with Iran Called a Failure

FT:

The Obama administration has warned international banks to be on the alert for further illicit attempts by Iran to access the US financial system, following a record $536m (€374m, £333m) fine imposed on Credit Suisse last week for colluding with Tehran.

The move comes as Washington shifts emphasis from engagement with Iran – a signature policy of Barack Obama, US president, that to date has failed to produce any agreement with the Islamic republic – to a push for more sanctions in the new year.

It appears the Obama hopey-changey policy of engagement towards Iran has been revised in the direction of the Bush policy.

Imagine that.