Corporate Media Gatekeepers Protect Western 1% from Panama Leak
craigmurray.org.uk
craigmurray.org.uk
I expect we'll be seeing stories from the Panama Papers for months to come, spaced out for maximum impact, similarly to Snowden's leaks.
If a month goes by and not a single story is contrary to american corporate interests, the author's position may be reasonably supportable. But day 1? Not a chance. They went for the most immediate impact-- two CURRENT heads of state.
Our journalists have already started posting this on Twitter, kind of like we did yesterday when we warned Russian spokespeople that they're going to have a sleepless night tonight: https://twitter.com/DrewOCCRP/status/716320506052493312?s=09
http://www.independent.co.uk/news/uk/politics/david-cameron-...
I can assure you that the folks doing research on this have run both names from "Western" and "other" countries. They are some of the best and most independent-minded people I know (and yes, they do need a salary). Many are actually from non-Western countries, check out these three amazing folks who actually did the heavy lifting on much of the Russia stuff: http://krug.novayagazeta.ru/
The fact they ended up with more stories from developing economies may just be a bias in Mossack Fonsecas client base, or it may be indicative of who uses these services, or of the sophistication in distancing assets from their real owners. Don't know.
But it does make sense to consider that people who run countries under less-than-democratic circumstances and use state capture to extract personal and family wealth might have a greater need of offshore services. Political leaders in Europe, on the other hand, sometimes actually are almost as boring as they make themselves look in public.
(Disclaimer: working with one of the reporting centers, same as r3bl)
My good man, I can assure you that our elites are impeccably candid.
They have been so since the days when they used to whiten their togas with chalk when running for office.
Practice makes perfect.
Many, many non-American financial institutions categorically refuse to provide services to American citizens in order to avoid IRS scrutiny of their books and to protect the privacy of their non-American clients. I expect that, before offshoring dark assets, the likes of Vladimir Putin and Xi Jiping would select a management firm that poses minimal risk of disclosure to US regulators and thus a firm that has no American clients.
Meaning, a firm providing these kinds of services can probably only serve either US citizens OR the government officials of America's geopolitical rivals, but not both. The presence of those officials does not indicate that Americans aren't engaged in similar activities, just that they are probably serviced by other firms and so won't be implicated in this particular leak.
Otherwise, there are three possible explanations for the lack of Americans that I can think of.
First, later releases may reveal US citizens in the client list, rendering this discussion moot. I have no idea why the journalists would wait to disclose information about Americans, but we might get some idea about that once further details emerge.
Second, the journalists may be protecting their own nations' interests, as posited by this article. Personally I find that unlikely given that the ICIJ has a track record of integrity and releasing information that is damaging to US persons. Plus, I suspect if they were protecting certain parties, they wouldn't protect an entire nation's citizenry but would instead selectively exclude key figures from the releases.
Third, it is entirely possible the party that released the data edited it before hand to exclude Americans and Germans. I think that may be the explanation if it turns out that this is a joint NSA-BND operation posing as an anonymous, solo whistle-blower. I could see a basic inter-agency operational agreement stipulating that the leaked information should not implicate anyone from the home nations of the participating agencies to avoid thorny political issues arising from intelligence agency activities that interfere with domestic politics.
Regardless, I personally see my original FATCA theory as the most probable explanation. But we can't know the true explanation given the current released information and ultimately we may never know the real truth.
Also pretty much every major german bank is on the list, as published widely, and new evidence in the Siemens scandal came to light. Non-germans didn't get fully published yet, because the journalists give them the chance to respond to the accusations (having an offshore account isn't illegal by itself, but is often used to hide the identitiy of the owner to do illegal things).
To think, that for a database of 2.6tb, that data can just be made public and seeded (see main HN thread) is absurd. Source confidentiality and all
Is there any evidence for this, like any studies that have been done? Or are you just propagating a myth here?
I found the article useful actually.
I mistakenly assumed, very naively, that these people handling the leaks were wikileaks kind of people and not these other kind of people:
>The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include
>Ford Foundation >Carnegie Endowment >Rockefeller Family Fund >W K Kellogg Foundation >Open Society Foundation (Soros)
I mean the criticism would probably be kinda useful and interesting to consider, would it have been published after the participating journalists said "that was it. That's all we got", but no, the publification of the leak just started and you can be sure, as confirmed by SZ, there's more to come. Most western countries have been implicated (https://twitter.com/thereaIbanksy/status/716740923615350784) and the db will be made searchable next month.
Also, most of the Wikipedia page on criticism of the Center for Public Integrity is filled with accusation of being "liberal biased" and being "anti-Koch brothers"
"CPI reports receiving foundation support from a number of foundations, including the Sunlight Foundation, the Ethics and Excellence in Journalism Foundation, the Ford Foundation, the John D. and Catherine T. MacArthur Foundation, the John S. and James L. Knight Foundation, the Omidyar Network, the Open Society Foundation, and the Pew Charitable Trusts.[31] The Barbra Streisand Foundation reports that it has funded CPI." -Wikipedia
And from their website: "Recent ICIJ funders include: Adessium Foundation, Open Society Foundations, The Sigrid Rausing Trust, the Fritt Ord Foundation, the Pulitzer Center on Crisis Reporting, The Ford Foundation, The David and Lucile Packard Foundation, Pew Charitable Trusts and Waterloo Foundation."
From the reporting:
- Fat Cat Hotel: How Democratic High-Rollers Are Rewarded with Overnight Stays at the White House.
- Windfalls of War, a report arguing that campaign contributions to George W. Bush affected the allocation of reconstruction contracts in Afghanistan and Iraq
- CPI's report, Who’s Behind the Financial Meltdown?,[45] looking at the roots of the global financial crisis
- Tobacco Underground, an ongoing project tracing the global trade in smuggled cigarettes
(All from Wikipedia)
I agree with the article. The leaks about Iceland and South America clearly do not count as major investigative reporting on western involvement.
When U.S. officials, celebrities, and financiers start getting named, since there is literally no doubt they have been involved in this in illegal ways, then I'll believe they aren't holding back to protect Western interests.
Until then, the article is absolutely on point with its criticism.
But I think this suspicion is very called for.
After all the law firm had offices in many "non-corrupt" European countries not on list of leaks:
http://www.mossfon.com/contact-our-offices/
(For some reason there are no offices in the US on this list; eventhough many reports say that this firm is also big in the US?)
Yet it is just the usual suspects ...
Panama Papers: Tax office investigating 800 Australians identified in financial record leak
>You can watch 'The Secrets of the Super Rich' on Four Corners on ABC TV at 8.30pm tonight.
http://www.abc.net.au/news/2016-04-04/tax-office-investigati...
I've got my popcorn ready regardless.
So far the revelations have indeed been "enemies of the West", ie. Russia, etc., Iceland, and some ancient Tory MPs and David Cameron's dead father.
Seems to me he called it pretty on the nose.
He has inherited the Blairmore profits amongst the very considerable estate.
Questions ought to be asked in parliament.
http://boingboing.net/2016/04/04/panama-papers-reveal-the-ta...
Step #1 - Report on the people who can't sue you effectively.
Step #2 - Verify.
Step #3 - Report on what you can verify in regards to people who can sue you.
I'd give them a month before crying bias.
Gawker exploited this loop to a degree by skipping #2 and we've seen how well that turned out for them. However, it was largely their own hubris that created the problem that might sink them (Hulk Hogan). Most of the rest of the lawsuits they were able to bat away.
As much as I'd prefer some actual firebrand journalism which is willing to report with less verification (in regards to the people in power, not the general population), I can understand caution.
https://panamapapers.icij.org/20160403-panama-papers-global-...
HSBC, Credit Suisse, etc. are named so its not like they are completely ignoring the West.
It also mentions David Cameron's father:
> Ian Cameron, a stockbroker and multimillionaire, was a Mossack Fonseca client who used the law firm to shield his investment fund, Blairmore Holdings, Inc., from U.K. taxes.
He was the former UK ambassador to Uzbekistan until he decided that boiling people alive wasn't an interrogation method he believed a supposed UK ally should be using[1].
As such his views shouldn't be dismissed out-of-hand. I think it is worth noting that the data isn't available yet. I'm sympathetic to the view that journalists should get a first look at the data. But be aware that the longer they promise "more revelations to come" the higher chance that the operation will get shut down.
[1] http://www.theguardian.com/politics/2004/jul/15/foreignpolic...
I wouldn't be surprised when the impression of most observing or commenting the case would assume "if somebody is not found here he's clean" instead of "this is a (possibly very biased) subselection of some people from all who possibly attempt to obscure something using similar methods."
Source: https://mobile.twitter.com/ploechinger/status/71676359582094...
https://en.wikipedia.org/wiki/Scott_Trust_Limited
Compared to say the Telegraph:
https://en.wikipedia.org/wiki/David_and_Frederick_Barclay
Or the Times:
The basic idea is that liberals want to spread liberal ideas in Russia and other places, and realize that Europe is too tired of war to do this, so they conclude correctly that this requires more US power. Similarly, the neoconservatives would like to increase US power for its own sake, and the pro-Israeli elements would like to encourage the US to be more hawkish so that it relies on Israel as an ally more.
So the net effect is that both liberals and conservatives (of some kinds) would like to move away from a balance of power between the US, Russia and China, and move to a unipolar world where the US calls the shots.
The idea that the Guardian is reluctant to publish anything likely to unduly upset multinational corporations or powerful Westerners - as expressed in the original article - is a bit hard to take seriously if you've ever read the Guardian.
The idea that liberals are actually part of some general movement to orchestrate a "move to a unipolar world" because they have the temerity to criticise Russian policy (as well as US policy, especially US interventionism) is lunacy.
The liberals I'm referring to are certainly not especially critical of US interventionism. I'm not referring to Chomsky or even Bernie Sanders here, I'm talking about George Soros and his camp.
[1] http://www.theguardian.com/world/2004/nov/26/ukraine.usa
The Democratic party's National Democratic Institute, the Republican party's International Republican Institute, the US state department and USAid are the main agencies involved in these grassroots campaigns as well as the Freedom House NGO and billionaire George Soros's open society institute.
US pollsters and professional consultants are hired to organise focus groups and use psephological data to plot strategy.
His opinion is fairly extreme, though if you read carefully and follow the links in that post you might conclude that some of his concerns are at least worth bearing in mind.
I've also worked with OSF before, and can absolutely say that they routinely fund matters that fit the ideology of the Soros families, even if those grants fund activities critical of wealthy investment managers.
The Guardian and Washington Post handled Snowden's leaks very differently, sourcing and verifying each article, then releasing quite a lot more than 10 major headlines over the course of a year or so. I trust the ICIJ will do the same.
https://unspecified.wordpress.com/2011/09/03/wikileaks-passw...
https://briankilmartin.cartodb.com/viz/54ddb5c0-f80e-11e5-9a...
http://www.miamiherald.com/news/business/real-estate-news/ar...
Such as strong claim ('main customers') would be nice to be substantiated.
Also the author needs to show the data is there.
If this is the map (linked in another comment), and it main customers were not cut out, then it doesn't look as it has a lot of e.g. US content.
https://briankilmartin.cartodb.com/viz/54ddb5c0-f80e-11e5-9a...
This is exactly why the person who leaked this information didn't just torrent it. Not everyone that did business with Mossack Fonseca is guilty of a crime.
isn't it strange how this article springs up right after someone implicated a group surrounding Putin?
russia's media strategy using "journalists" and forum trolls is well documented and known, i guess you can add this one to the list.
because everything is a false flag of a false flag.
I'm just hoping that the mainstream media carry this. It's been awfully quiet on many fronts yet.
And nothing about this Panama thing on the home page.
Checked British sites and it's splashed all across The Guardian, BBC, Telegraph, even Sky New and the Daily Mail. Each reporting it from multiple angles.
But the Washington Post has just: "The Panama Papers are super awkward for Beijing". ('super awkward'? really?) Couldn't find anything on The NYTimes front page. Fox has something at least.
(And to reiterate another poster, that's not Banksy in any case.)
Translation: someone who can't be put on trial.
Tragically, Janner died not long after he was declared unfit to plead. Even more tragically, it was decided the public interest would not be served by a trial of fact which would put evidence from witnesses and alleged victims on the record without aiming for a conviction.
Wikipedia has more of the story: https://en.wikipedia.org/wiki/Greville_Janner
This seems very interesting btw. We should just face the fact that offshore banking exists and is neither good or evil, its a product of globalization and the emerging stateless jet set. If anything , maybe more and more people should take advantage of it.
Corruption has a huge impact. The Putin fortune they talk about is blood money. It came from raping an entire country.
Wow. I actually did 'forget' this. Actually I don't think I ever heard of it. I see lots of articles about The Guardian being under pressure, but haven't found one confirming they actually "smashed" them. I haven't been looking that long, so would welcome any pointers.
This prompted the Guardian to move it's head office to New York - leaving the UK after 195 years.
A better illustration of the UK freedom of the press could not be devised. /s
Interestingly the Guardian article notes they specifically destroyed particular chips, like the keyboard drivers...
http://www.theguardian.com/uk-news/2014/jan/31/footage-relea...