The White House is in spin mode after it was reported that $400 million in foreign currency was sent to Iran at the same time four Americans being held in that country were released. The Obama administration says the money was part of a separate deal and was not a ransom payment:

State Dept. spokesman John Kirby said the timing of the payment was a coincidence, and @IowahawkBlog is backing up that claim. Here’s what the money was really for:

Ha! It’s more believable than the White House’s spin.