Tuesday
Sep202011
The Bizarre Story Of Hermitage Capital & The Russian Mafia
This is a lesson for would-be financiers dreaming of striking it rich in Russia - forget about it. Hermitage Capital co-founder William Browder is now financial enemy #1 of the Medvedev puppet regime, and he didn't even do anything for the honor.
Well, except that he's had the courage to fight back against Putin, and other corrupt Russian officials who succeeded in stealing his investment business, while he was out of the country. Makes the vacation coup Paulson pulled on Corzine seem like a kid's game.
See related:
Russia Asks Interpol To Arrest Browder
NY Times on the Hermitage Story
Sep 20, 2011 at 1:31 PM
Reader Comments (9)
The event that made Jon Corzine a politician took place at the end of 1998, when he was in Telluride, Colorado, on Christmas vacation. As CEO of Goldman Sachs, Corzine had worked for nearly two years to transform the legendary partnership into a public company. Fighting significant resistance from many of the partners, he maneuvered and battled to sell the idea within Goldman. Eventually, he succeeded in his call for a vote by secret ballot, which had never been done before.
With the IPO approved but still several months away, Corzine and his family went skiing. While he was away, three members of Goldman’s five-member executive committee, led by Corzine’s co–chief executive, Hank Paulson (the man he appointed and who still runs the company), staged a palace coup, stripping him of his CEO title and his power. “They worked in secret against him all during Christmas,” says someone familiar with what took place.
Corzine was devastated. Apparently, he never saw it coming. “He came back from Colorado and simply could not believe what had happened,” says a confidante.
http://english.caijing.com.cn/2009-09-28/110267252.html
A+ article...Andy Xie is the former chief economist for morgan stanley...
http://lawandorderinrussia.org/
http://www.tom-phillips.info/images/cool.pics.military.htm
http://www.tom-phillips.info/images/cool.pics.military.2.htm
http://www.tom-phillips.info/images/cool.pics.military.3.htm
http://www.guardian.co.uk/business/2009/oct/14/lloyds-seeks-alistair-darling-cash
Its so corrupt that If you where blessed with a child with exeptional skils in , some thing like math and physics,and when he have is final tesemony in comon school, the teatcher wil just say a price,and you have to pay in order not to have his caracters downgraded to the lovest level in the class.
That happenes everywhere and all the time.
The corruption is all consuming in every aspect, from food prod(cheating and make use of iligale medicaments) where the govm. regulatores are highly corrupt, its everywhere you turn.
One is not capable to trust anything with a officiale "stamp" on it in, anyway, in everything.
And comoners are suffering under a corrupt regime, all the way to the topp.
There is no differences between Medvedjev and Putin, nada.
They are just puppets.
Russia is a Oligarc run and Mafia controlled country, like before, its a long time since the Russians was free, a long time.
But, there is areas where the fucus is somehow different(mayby its away from Morcow and St. Petersburg) and more transparent, like North western parts of Russia.
And the main difference between Russians and USA is the years of whipping. Russians are so familiare with the whipp that they dont feel anything anymore, the have a long time ago whipped comfortably numb.
The USA has yet to feel the wipp, but its there and they are swinging it with more and more determination.
Splendid isolation, a deadmans walk.