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Russian Bank Scandal - Research Paper

Russian Bank Scandal

On October 6, 1999 the news hour with Jim Lehrer air a focus topic called “Following the Money”. This focus discussion dealt with the . This scandal deals with the transfer of about seven billions dollars out of the Bank of New York to companies with Russian associations. Robert O’Harrow , a banking expert for the Washington Post, believes that this scandal will become a serious policy issue. Base on his conclusion of this becoming a serious problem, one may see that there are problems in the banking structure of the United States. In fact there has to be a problem when seven billion dollars of transions are made to foreign soils and no one throws up a red flag. One may also ...

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States won the cold war and is now left to pay the bill for rebuilding Russia. The money that is being use comes directly from taxpayers. I believe that this is the reason why Mr. O’Harrow believes this will have a serious effect on policy decision. If the money that is supposed to help the Russian people is being for wrongdoing and the Russians are behind this, the scandal could have a serious effect on U.S. and Russian relations. Policy makers will be force to make changes in the methods it helps Russian during this time of need.
This scandal can be serious external triggering mechanism. With the scandal dealing largely with belief that international money is being used to support illegal activities could cause a major shift in decision making. At the moment the Intensity of this problem has not reach a level of alert. Mainly become most American do not see the potential backlash of this scandal. Once the facts come out and taxpayers are forced to tote the bill of ...

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Russian Bank Scandal. (2008, October 10). Retrieved November 22, 2024, from http://www.essayworld.com/essays/Russian-Bank-Scandal/91227

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PAPER DETAILS

Added: 10/10/2008 03:44:52 PM
Category: World History
Type: Premium Paper
Words: 550
Pages: 2

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