Posts Tagged ‘Khodorkovsky’

Notes From Underground: From Russia WITHOUT Love–Mikhail Khodorkovsky

December 27, 2010

A few stories from Russia today. First, the Russian Judicial System rendered a totalitarian decision as the oligarch Khodorkovsky was again found guilty of some type of misappropriation of funds when he controlled YUKOS, the Russian energy giant. This is another black eye for the RULE OF LAW in Russia as the verdict appeared to be predetermined with the heavy influence of Prime Minister Putin. I don’t doubt for a moment the tragic shortage of justice in Russia, but the question is: Do the markets truly care, or as I continually remind, is¬†MONEY FASCIST?¬†Global investors will set aside criticism of a nation’s societal and legal injustices if the investment returns are high enough and the government is stable.

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