Monday, April 4, 2016


The Mossack Fonseca leaks have shed some much needed light on a problem we cynics always assumed to be rampant, and the unknown leaker may be a greater hero than Chelsea Manning and Edward Snowden combined.  It no longer can be denied that corruption among the rich and well-connected is endemic, and largely impervious to control.

Nobody is especially surprised that Sergei Roldugin, banker-buddy of Vladimir Putin, and Ukrainian president Petro O. Poroshenko are on the roster of the corrupt; nor Chinese Politburo members and other supposed "communists."  The involvement of the prime minister of Iceland and (sigh!) Jackie Chan is a bit more surprising.  Altogether, that one Panamanian law firm helped to hide over three trillion dollars, much of it illegal, the rest of it merely unethical.

Yes, some heads will roll, but there are a hell of a lot of other firms providing the same services as Mossack Fonseca.  I doubt there are a sufficient number of disgruntled employees out there to make a significant dent in the overall problem.  Oh, well...

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