2016 Postmortem
Related: About this forumDoes the Washington Post have any journalistic integrity left?
" the Panama-based law firm Mossack Fonseca, which specialized in setting up offshore accounts and shell companies for wealthy people, has been steadily reducing its activity in Panama for about a decade."
Hmmm...Why could this be:
- Maybe other firms in Panama were aggressively going after the business because MORE THAN just one law firm engaged in such business in Panama. In total has the business gone up or down. We don't know because the Panama Papers only exposed ONE firm.
- Maybe other hot spots in the world were deemed better places to stash your money.
But somehow the WP thinks this provides proof that Bernie was wrong.
They provide no analysis worth a damn. They think because they are the Washington Post they can make a statement and people will buy whatever crap they espouse.
Is anyone with any journalistic integrity or thinking ability still employed by the Washington Post?
Also borrowed from a poster at WP (A MUST READ):
the-iconoclast
8:28 PM EST
Tax evaders, like drug smugglers, are under constant pressure to find the next device for evading detection. Bearer bonds, the narrowly targeted subject of this article, were primarily being used as a money laundering tool. A crackdown on this particular device, complimented by a rise in other secondary methods of moving assets such as Bit Coin, is the reason for the decline the editors cite. Bearer bonds were under steady attack since at least 2005 and the financial transparency agreements which Panama was pressured to accept before support was given to the trade pact, were far behind the enactment of similar policies in most other foreign jurisdictions.
The June 2015 OECD report on Financial Transparency notes that Panama has not only failed to enact the agreements which it accepted prior to the trade pact, it hasn't even set a time table for adherence.
So the first fallacy of this WaPo opinion is that the trade deal had any beneficial impact on the financial shenanigans in Panama. It didn't. The fall off in bearer bond registrations is due to entirely unrelated pressures that pre-dated the trade pact by years. The second fallacy, propaganda really, is that the situation in Panama is improving. In fact, the trade pact has facilitated tax evasion by both making it easier for companies to set up businesses in Panama and making it harder for US authorities to take action against businesses operating from Panamanian jurisdiction.
This is by far the most deceptive piece of journalism that I have ever seen come out any supposedly reputable news organization. So readers beware: the Washington Post now seems to be trying to lead the Democratic party on a Jim Jones mission.
https://www.washingtonpost.com/opinions/the-panama-papers-prove-mr-sanders-was-wrong-about-a-trade-pact-with-panama/2016/04/08/31f43106-fdae-11e5-80e4-c381214de1a3_story.html?postshare=6851460202704460&tid=ss_fb
Jarqui
(10,126 posts)I'm not exaggerating.
Folks are going to take time to realize that the Washington Post are not a newspaper doing real journalism anymore. They've sold out to political parties.
We knew what the National Enquirer is. Because a number of members of the American public are not aware that the Washington Post is not what it once was, they're worse.
As I've said in posts there, if folks come there to read real journalism, the only place it reliably exists any more is in the archives.
Skwmom
(12,685 posts)Jarqui
(10,126 posts)Although many are beginning to suspect, many are not fully aware of what the Washington Post has become - a dishonest media wolf in sheep's clothing.
Skwmom
(12,685 posts)840high
(17,196 posts)I get better news on DailyMail. More accurate.
PyaarRevolution
(814 posts)Before the sale. They were big time Conservatives and Homophobic assholes.
Octafish
(55,745 posts)Poppy Bush's "favorite newspaper."
Know your BFEE: Rev Sun Myung Moon OWNS Poppy Bush
Peregrine Took
(7,414 posts)I wouldn't even put it down for my maltese to make wee wee on.
DetroitSocialist83
(169 posts)Is news. It's all just shit talking points from Wallstreet and the government.
PJMcK
(22,037 posts)grasswire
(50,130 posts)I used to love The Post, many years ago.
noretreatnosurrender
(1,890 posts)has been short on integrity for years.
Octafish
(55,745 posts)From Greg Mitchell, a real journalist, how WaHoPo helped lie America into war.
Mitchell was editor of the industry standard, Editor & Publisher, until it got bought by Carlyle Group. They don't like the truth all that much, either.
http://gregmitchellwriter.blogspot.com/2013/03/that-piece-killed-by-post.html?m=1
DanTex
(20,709 posts)First of all, one would have to be pretty darn stupid to believe that a Free Trade Agreement with the US is what allowed people in Iceland and Russia to stash their money in Panama. Particularly when the practice began decades before the agreement was signed. To believe that requires a special sort of gullibility that seems to only exist within the Bernie following.
And on top of that, during the negotiations of the agreement, the US was able to get concessions from Panama in terms of cracking down on hidden money.