Panama Papers Reveal Clinton’s Kremlin Connection
observer.com
observer.com
If I'm reading this right, there's a well-known group of lobbyists/Washington insiders (the Podestra brothers) with ties to the Clintons and Obama, and the new revelation is that the lobbying firm is also retained by Russia's biggest bank? (As opposed to, being retained by the US's biggest bank?)
Does anyone else find that weak-sauce?
Russia isn't like the U.S.; and Sberbank isn't simply a "big bank."
That's why this isn't "weak sauce."
"The majority shareholder of Sberbank is the Central Bank of the Russian Federation, owning 50%+1 voting share of Sberbank's voting shares."
Effectively, the Russian Central Bank controls Sberbank, but ostensibly Sberbank is a private institution. The Podesta Group registered as a lobbyist for Sberbank, which effectively gives the Russian Central Bank a lobbyist in Washington. If the Russian Central Bank had registered directly with the Podesta Group, as the article states the Podesta Group would have to register as agents of the Russian government under the Foreign Agents Registration Act.
The wikipedia page on the Foreign Agents Registration Act (https://en.wikipedia.org/wiki/Foreign_Agents_Registration_Ac...) states:
"...[requires] that agents representing the interests of foreign powers in a "political or quasi-political capacity" disclose their relationship with the foreign government and information about related activities and finances. The purpose is to facilitate "evaluation by the government and the American people of the statements and activities of such persons.""
Arguably, the Podesta Group is not facilitating evaluation of statements its making on behalf of Sberbank, and by extension the Russian Central Bank, because it registered as a lobbyist for a bank controlled by a state-owned bank. The Russians suffered heavy sanctions recently. It doesn't stretch the imagination that the Podesta Group received money from Russia to lobby Washington to drop those sanctions.
As the article states towards the end, if Clinton wins the election, John Podesta stands to gain a position of power in a Clinton administration. If John Podesta benefited from money provided by a foreign government (again, Sberbank is controlled by the Russian Central Bank), then that's a relationship the Clinton campaign needs to explain.
- Podesta group lobbies for Sberbank
- Sberbank is owned by the Russian government
Neither of these things were revealed by the Panama papers, and neither of these things were hidden by any of the parties involved. Sberbank is transparent about its ownership by the Russian government, and the Podesta Group registered as its agent of its own accord prior to the leak.If this were going on in the shadows, maybe there'd be something here, and I grant you that it's slightly unsettling that they have access to such a powerful lobbying firm. But isn't that sort of the point of running a lobbying firm? You lobby for who hires you, and the politicians you lobby are aware of that and take what you have to say with the appropriate grains of salt.
are you sure? The article says that
Almost lost among the many revelations is the fact that Russia’s
biggest bank uses The Podesta Group as its lobbyist in Washington, D.C.
so I wonder if you have a reference to back your statement?Also, you say
> Sberbank is owned by the Russian government
but this is not the point of the article. They are saying that Sberbank is controlled by the Russian government, which is subtly different.
And are those things different? Maybe Russian corporate law is different than it is in the US, but owning 51% of a company generally gives you control of that company, unless there are weird share structures like non-voting shares a la Google. But generally speaking, majority ownership and control are synonymous.
It's not the fact that Sberbank is simply "owned" by the Russian government that should be of interest; its what Sberbank does for the Russian government.
And it is these activities that the recent leaks have shed significant light on.
The only thing actually revealed by the Panama Papers in this article, as far as I can tell is this:
"As reported this week by the Organized Crime and Corruption Reporting Project, a consortium of journalists exploring the Panama Papers leak, Sberbank and Troika Dialog are used by members of Mr. Putin’s inner circle to shift public funds into sometimes questionable private investments"
Which isn't great, but is hardly groundbreaking news.
Total non-story trying to sound like a huge deal, though.
Funds moving through Sberbank are regularly used to support clandestine Russian intelligence operations, while the bank uses its offices abroad as cover for the Russian Foreign Intelligence Service or SVR. A NATO counterintelligence official explained that Sberbank, which has outposts in almost two dozen foreign countries, “functions as a sort of arm of the SVR outside Russia, especially because many of its senior employees are ‘former’ Russian intelligence officers.” Inside the country, Sberbank has an equally cosy relationship with the Federal Security Service or FSB, Russia’s powerful domestic intelligence agency.
Which make the question of why the Podestas would choose to take their business a very interesting question indeed.
I'm sure there are some very large banks in the US that have lobbyist equivalents in other countries that would look at our banks the same way. I'm sure major US banking institutions provide cover for US officers abroad as well.
I think your surprise all over this thread is due to people not being stunned that water is wet, politicians need money, and associated hangers-on are venal.
Hell, look at the ties between Bush and the Saudi theocrats, whose greatest hits include 9/11 and are currently doing their best to drag us into their Iran proxy war.
It's apparently not uncommon for banks or their representatives to deliver money to Clintons, but saying it's a non-huge, non-story sounds like what you would expect from apologist propaganda.
That doesn't bother you?
Sberbank (Savings Bank in Russian) engaged the Podesta Group to help its public image—leading Moscow financial institutions not exactly being known for their propriety and wholesomeness—and specifically to help lift some of the pain of sanctions placed on Russia in the aftermath of the Kremlin’s aggression against Ukraine, which has caused real pain to the country’s hard-hit financial sector.
> Sberbank (Savings Bank in Russian) engaged the Podesta Group to help its public image and specifically to help lift some of the pain of sanctions placed on Russia in the aftermath of the Kremlin’s aggression against Ukraine, which has caused real pain to the country’s hard-hit financial sector.
In simplified form (subtracting a few subordinate clauses here and there):
"Sberbank engaged the Podesta Group to help its image, and specifically to help lift the pain of sanctions placed on Russia, which have caused real pain to the country's financial sector."
Man is obviously insane, needs urgent help.
;-)
For me, I think the author has some thoughts that are bleeding through . But I don't think its necessarily fair to judge an article mainly on its author's history (though an undeniable factor).
While granting this is the nature of a lobby firm, it does seem odd they would agree to representing Sberbank. We're talking John Podesta (Clinton campaign chairman) -> Tony Podesta (CEO Podesta Group) -> Sberbank (Podesta Group client). Is the latter connection really not cause for suspicion?
Before John Podestra was the campaign chairman for Hillary Clinton, he was the Counselor to Barack Obama. Before that, he was the founder of the Center for American Progress (a left-wing think tank). Before that, Bill Clinton's Chief of Staff. Before that, Deputy Chief of Staff, Assistant to the President, and a senior advisor.
Which is to say, he has been a big part of the Democratic Party / progressive movement for a long time.
And before that, he co-founded a lobbying group, the Podesta Group, with his brother Tony Podesta, who still runs the Group.
So, do I think that a giant bank / nefarious Russian secret agency is likely retaining the Podesta Group because it was founded and still run by the brother of a powerful and influential member of the Democratic Party, who has served in several Democratic administrations and is likely to serve in future ones? Yeah, totally.
And it's probably worth being aware of the potential chain of influence and corruption -- client to lobbyist, lobbyist to advisor, advisor to politician -- but I find it far more likely that John Podesta is in Hillary's campaign (and potentially, future administration) because he's a good, useful guy who gets the right stuff done, rather than that he's there as some sort of corruption-conduit, proof (PROOF!) of Hillary Clinton's unworthiness.
As the article itself asks, the main question is why one of Clinton's chief power brokers chose to take their money.
"Microsoft's Financial Reports Reveal Clinton's Kremlin Connection"
Oh, and have you forgotten about the Russian-Georgian conflict over South Ossetia? [1]
[1] https://en.wikipedia.org/wiki/Russo-Georgian_War
That one was on Dubya's watch - whereby he proceeded to do nothing. It's pretty clear to everyone that Great Powers will do as they please in 'their' sphere of influence.
If Canada and Mexico were on the verge of joining a military alliance with China, there would be Abrams tanks in Ottawa, and F-22s bringing democracy to Mexico City before the week would be out.
Georgia did not return to status quo - it lost territory. (If the NATO/UN position on this is to be believed)
The reaction of the West was quite different - it largely sat back, and watched.
This has got to be about the least interesting thing to come out of the Panama Papers.
1: "Supposedly" because the polls I just looked up seemed to be nearly identical for Sanders or Clinton vs Trump, with Democrats at ~50% and Trump at ~38%.
http://www.realclearpolitics.com/epolls/2016/president/us/ge...
spread is an average of clinton +10% vs sanders at +16%
http://projects.fivethirtyeight.com/facebook-primary/
I'd usually ignore Facebook likes, and FiveThirtyEight insists it's for fun as well. However, their throwaway comment "If Facebook likes were votes... Donald Trump [would] garner more support than Ted Cruz and Marco Rubio combined" has actually proven to be accurate.
Trump: 48% Delegates, 53% Republican Likes
Cruz: 32% Delegates, 28% Republican Likes
Rubio: 11% Delegates, 16% Republican Likes
Kasich: 9% Delegates, 3% Republican Likes
Though if you add Carson back in, it stops matching up. And certainly the Facebook Like counts don't match delegate counts on the Democrat side. But I thought it was odd how closely the Facebook figures were matching for the Republicans.
Sanders has won 7 out of the last 8 primaries and yet Clinton, with all her legal baggage and ethical issues, is still the presumed frontrunner.
So he has won the supposed coin flips that the media talks about and lost ground when you analyze the delegate counts.
In actuality the investigation would never have happened for any other candidate. The Clintons are scrutinized far more than any other American politicians. (The email scandal came out of the ridiculous Benghazi investigations that the GOP kept running again and again.)