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« Obama’s Idiocy Reaches New Levels: Obama Says on Foreign Policy He’s Like Reagan and Bush 41

Can We All Agree that Politico.com is NOT a Good News Source?

     She [Nancy Reagan] was escorted out of the hall by Frederick J. Ryan Jr., chairman of the Board of Trustees of the Ronald Reagan Presidential Library Foundation, and president and CEO of The Politico.

So the President and CEO of The Politico, Frederick Ryan, is also the Board Chairman for the Reagan Library. And that makes sense, because Ryan is a long-time, hard-core Reaganite… So the President and CEO of The Politico worked in multiple positions in the Reagan White House, and was continuously promoted until he rose to the level of Assistant to the President. And his close connection to the Reagan family and the Reagan presidency continues through today.

Are we supposed to treat this fact as irrelevant or something when assessing what The Politico is and what type of political coverage it churns out?… The Politico’s primary (perhaps sole) funding source is the Allbritton Company, of which Frederick Ryan is an employee. The Allbritton family’s leader, Joe, was CEO of Riggs Bank when Riggs pleaded guilty to a series of illegal financial transactions with right-wing Chilean dictator Augusto Pinochet and his brutal military that took place throughout the 1990s and into 2001.

Although Allbritton himself was never charged with knowledge of those illegal transactions, he maintained what appears to be a close personal and business relationship with the right-wing dictator (h/t Jonathan Schwarz):

    When Joe L. Allbritton was chief executive of Riggs Bank, he received personal gifts from Augusto Pinochet and wanted the former Chilean dictator to visit the Allbritton horse farm in Virginia, according to drafts of letters from 1996 and 1997.

    The drafts were found in the bank’s investigation of the relationship between Allbritton and Pinochet, whose government murdered or tortured an estimated 3,000 political opponents over 17 years. . . .

    The two draft letters and memos do not show that Allbritton was aware of any illegal actions by the bank or its officers, but they indicate that Allbritton had a personal relationship with Pinochet and knew details of his business dealings at Riggs, according to sources who have read the documents. . . .

    Since July, Riggs’s internal investigators have discovered that Pinochet’s relationship to Riggs was both deeper and longer than previously known, according to sources familiar with their findings. Since the July Senate hearing, Riggs has found photographs of Allbritton and Pinochet together and internal correspondence and letters to Pinochet and senior Chilean military officials that indicate Allbritton was personally involved in courting the former dictator as a Riggs client… http://www.salon.com/opinion/greenwald/2007/05/04/politico_funding/index.html

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This entry was posted on Monday, March 31st, 2008 at 9:14 am and is filed under Political Commentary. You can follow any responses to this entry through the RSS 2.0 feed.

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