HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » 2016 Postmortem (Forum) » For the last 2 days there... » Reply #17

Response to yourpaljoey (Reply #7)

Sat Apr 9, 2016, 01:01 PM

17. Don't know. Podesta's name has turned up in connection with a Russian bank.

Panama Papers Reveal Clinton’s Kremlin Connection

John and Tony Podesta aren’t fooling anyone


By John R. Schindler
The Observer, 04/07/16

The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth.

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. Though hardly a household name, this firm is well known inside the Beltway, not least because its CEO is Tony Podesta, one of the best-connected Democratic machers in the country. He founded the firm in 1998 with his brother John, formerly chief of staff to President Bill Clinton, then counselor to President Barack Obama, Mr. Podesta is the very definition of a Democratic insider. Outsiders engage the Podestas and their well-connected lobbying firm to improve their image and get access to Democratic bigwigs.

Which is exactly what Sberbank, Russia’s biggest financial institution, did this spring. As reported at the end of March, the Podesta Group registered with the U.S. Government as a lobbyist for Sberbank, as required by law, naming three Podesta Group staffers: Tony Podesta plus Stephen Rademaker and David Adams, the last two former assistant secretaries of state. It should be noted that Tony Podesta is a big-money bundler for the Hillary Clinton presidential campaign while his brother John is the chairman of that campaign, the chief architect of her plans to take the White House this November.

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.

It’s hardly surprising that Sberbank sought the help of Democratic insiders like the Podesta Group to aid them in this difficult hour, since they clearly understand how American politics work. The question is why the Podesta Group took Sberbank’s money. That financial institution isn’t exactly hiding in the shadows—it’s the biggest bank in Russia, and its reputation leaves a lot to be desired. Nobody acquainted with Russian finance was surprised that Sberbank wound up in the Panama Papers.

CONTINUED w/links, etc...

http://observer.com/2016/04/panama-papers-reveal-clintons-kremlin-connection/

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 24 replies Author Time Post
jillan Apr 2016 OP
artyteacher Apr 2016 #1
rhett o rick Apr 2016 #18
Katashi_itto Apr 2016 #2
Octafish Apr 2016 #3
yourpaljoey Apr 2016 #7
LineLineLineNew Reply Don't know. Podesta's name has turned up in connection with a Russian bank.
Octafish Apr 2016 #17
Sky Masterson Apr 2016 #4
onehandle Apr 2016 #5
whatchamacallit Apr 2016 #8
jillan Apr 2016 #10
TDale313 Apr 2016 #6
Zira Apr 2016 #9
hobbit709 Apr 2016 #11
reformist2 Apr 2016 #12
AgingAmerican Apr 2016 #13
rhett o rick Apr 2016 #20
Blue_In_AK Apr 2016 #21
restorefreedom Apr 2016 #14
onecaliberal Apr 2016 #15
Rebkeh Apr 2016 #16
Cheese Sandwich Apr 2016 #19
BernieforPres2016 Apr 2016 #22
rosesaylavee Apr 2016 #23
DrDan Apr 2016 #24
Please login to view edit histories.