President Putin signs law banning foreign bank accounts for ministers + Sage Comment by Michael Rivero, WRH
- ----- Forwarded Message -----
From: Paul Andrew Mitchell, B.A., M.S.
Subject: President Putin signs law banning foreign bank accounts for ministers + Sage Comment by Michael Rivero, WRH
p.s. How many American Court "robes" are stashing their cash--
in one of the many thousands of "off-shore tax havens"?
Russia’s President Vladimir Putin has signed a law banning ministers from having accounts and assets in overseas banks.
A white paper released Tuesday prohibits the head of the Russian government and its ministers to own or use the so-called “financial instruments,” such as securities, and their derivatives, including futures, swaps, forward rate agreements and exotic options.The ban also includes spouses and underage children of ministers.Michael Rivero's Comment:Putin is very smart to do this. He wants to tie the fortunes of the politicians to the prosperity of the nation. This is a mechanism which sees a politician prosper only to the extent the people and the nation prosper, and is a system the USA should have adopted about 100 years ago.
/s/ Paul Andrew Mitchell, B.A., M.S.
Private Attorney General, 18 U.S.C. 1964
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