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MelissaB

(16,420 posts)
Wed May 24, 2017, 08:35 PM May 2017

(Reporter) Jacobs broke the story that Gianforte (GOP candidate) holds $250,000 in Russian stocks.

I'll ask this again. Are there any Republicans not tied to Russia?



GOP candidate has financial ties to US-sanctioned Russian companies

Congressional candidate Greg Gianforte owns shares in Russian index funds
$250,000 invested in funds with holdings in Gazprom and Rosneft


A Republican congressional candidate has financial ties to a number of Russian companies that have been sanctioned by the US, the Guardian has learned.

Greg Gianforte, who is the GOP standard bearer in the upcoming special election in Montana, owns just under $250,000 in shares in two index funds that are invested in the Russian economy to match its overall performance.

According to a financial disclosure filed with the clerk of the House of Representatives, the Montana tech mogul owns almost $150,000 worth of shares in VanEck Vectors Russia ETF and $92,400 in the IShares MSCF Russia ETF fund. Both are indexed to the Russian equities market and have significant holdings in companies such as Gazprom and Rosneft that came under US sanctions in the aftermath of the Russian invasion of the Crimea.

The holdings, while substantial, make up only a small portion of Gianforte’s wealth. The congressional candidate, who made a fortune starting a software company which was later sold to Oracle, has assets estimated to be worth between $65m and $315m, according to his financial disclosure.

More: https://www.theguardian.com/us-news/2017/apr/28/greg-gianforte-republican-candidate-congress-russia-companies
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(Reporter) Jacobs broke the story that Gianforte (GOP candidate) holds $250,000 in Russian stocks. (Original Post) MelissaB May 2017 OP
and with all the negative info out there... chillfactor May 2017 #1
Trump voters like it when reporters get beaten emulatorloo May 2017 #2
I also read an article regarding his isis funding ties. furtheradu May 2017 #3
Really? I missed that. MelissaB May 2017 #8
I only have a magic smart phone furtheradu May 2017 #12
The Montana goobers can certainly identify NoMoreRepugs May 2017 #4
A real an of the people. DK504 May 2017 #6
I just saw on CNN cannabis_flower May 2017 #5
Too much heat orangecrush May 2017 #7
Ooooo. No wonder Gianforte lost his shit. AgadorSparticus May 2017 #9
I'm beginning to think that the Russians have in fact taken over the Republican Party. Honeycombe8 May 2017 #10
Counting on you, Montana! mountain grammy May 2017 #11
All roads lead to Russia Johnny2X2X May 2017 #13
Man bluestarone May 2017 #30
Well, I'll get pushback, but just because he has a ETF Alice11111 May 2017 #14
Maybe so but he definitely has White Nationalist ties. nt justiceischeap May 2017 #16
That is a very good reason not to elect him, among others. Alice11111 May 2017 #23
Then why orangecrush May 2017 #21
The reporter asked him about the new CBO score. Alice11111 May 2017 #24
The victim was the reporter who revealed Gianfortes Russia connections orangecrush May 2017 #27
Yea, but that was not the question he asked the candidate Alice11111 May 2017 #29
I agree. There is plenty to go after him about without this, which is not uncommon. pangaia May 2017 #22
WTF? I guess Republicans love that easy Russian money. SunSeeker May 2017 #15
Oh wait !! Those are RUSSIAN ETF's !!! Those are exclusive RUSSIAN TRADED FUNDS !!! Fuckin WOW!!! uponit7771 May 2017 #17
They are all tied to Russia in my opinion Generic Brad May 2017 #18
I agree w you, w almost all you have said. Too many are Alice11111 May 2017 #25
Oil! Money! KGOP and Russians. End of America as we've known it. Eom Lyricalinklines May 2017 #19
Wouldn't surprise me if Gianforte elmac May 2017 #20
Well, he was charged w assault tonight, so he better Alice11111 May 2017 #26
russians and republicans go together Achilleaze May 2017 #28

furtheradu

(1,865 posts)
3. I also read an article regarding his isis funding ties.
Wed May 24, 2017, 08:52 PM
May 2017

Last weekend.. on DKos, "Montana has an Isis Problem"..also Democracy Now interview, April 22,with Allan Nairn.

This crap is big, wide, & DEEEEP.

furtheradu

(1,865 posts)
12. I only have a magic smart phone
Wed May 24, 2017, 10:06 PM
May 2017

So, can't post links, but the Google machine can get You there. I was interested cuz that freaky vp was in Montana, campaigning for THIS freak. Worth a read!

NoMoreRepugs

(9,411 posts)
4. The Montana goobers can certainly identify
Wed May 24, 2017, 09:08 PM
May 2017

with someone who might be worth as much as 300 million. Rethug BizzaroWorld will never stop baffling me.

DK504

(3,847 posts)
6. A real an of the people.
Wed May 24, 2017, 09:28 PM
May 2017

This is what happens when Congressional members can participate in insider trading. Every single Rethug in Congress is rich, every single person they "represent" are poor. Hmmm.

Honeycombe8

(37,648 posts)
10. I'm beginning to think that the Russians have in fact taken over the Republican Party.
Wed May 24, 2017, 09:41 PM
May 2017

Ryan, McConnell, most of the W H staff, Trump, NSA Advisor Flynn (now fired), the Attorney General, cabinet heads.

It's beginning to look that way to me. "The family," as Ryan called themselves.

Johnny2X2X

(19,038 posts)
13. All roads lead to Russia
Wed May 24, 2017, 10:11 PM
May 2017

The whole party is under Russian control. I mean seriously. Who has Russian stocks? I know all kinds of investors, none have Russian stocks.

Alice11111

(5,730 posts)
14. Well, I'll get pushback, but just because he has a ETF
Wed May 24, 2017, 10:18 PM
May 2017

(electronically traded fund) in his portfolio, ishares, that holds Gazprom and Rosneft, does not make him a Russian sympathizer. An ETF is somewhat like a mutual fund. It's ishares, which is not Russian, even though the ETF holds Russian securities.

There are MANY valid reasons not to like this guy, including he is a Repub, an asshole, assaulted a reporter, does not have the temperament, and more, but th u s will make us look like we are grasping for straws.

Traders trade in and out of ETFs all day. I know libetals who have owned this ETF. I may have owned it myself, as I have made hundreds of ETF trades, but I do not think so.
He will not get special influence with Russia because of an American ETF investment, that owns Russian securities. IMHO.

Alice11111

(5,730 posts)
23. That is a very good reason not to elect him, among others.
Thu May 25, 2017, 02:53 AM
May 2017

The papers who endorsed him withdrew ther endorsements tonight because of the assault charges, but unfortunately, most people have already voted

Alice11111

(5,730 posts)
24. The reporter asked him about the new CBO score.
Thu May 25, 2017, 02:57 AM
May 2017

He's an asshole & he shouldn't be in elected office.
Reporters often ask questions elected officials don't like, but they can't assault the reporters.

SunSeeker

(51,550 posts)
15. WTF? I guess Republicans love that easy Russian money.
Wed May 24, 2017, 10:18 PM
May 2017

It is easy to take the loot when you have no shame.

uponit7771

(90,335 posts)
17. Oh wait !! Those are RUSSIAN ETF's !!! Those are exclusive RUSSIAN TRADED FUNDS !!! Fuckin WOW!!!
Wed May 24, 2017, 10:39 PM
May 2017

Those aren't funds with a bunch of companies in it trying to beat an index and one of those 100 companies just happen to be Russian ... no ... those are Russian ETFs with Russian companies.

wow, R stands for Russia now?

Generic Brad

(14,274 posts)
18. They are all tied to Russia in my opinion
Wed May 24, 2017, 10:42 PM
May 2017

That is the only thing that explains votes and legislation that undermines America's standing in the world and weakens and divides us domestically.

They want to poison our water. They want to poison our air. They want to destroy our environment. They don't want us to have health care. They want to shut down all programs that help the neediest of us. They want to ruin our children's chance for an education. They want to pack the courts and chip away our freedoms and rights for generations to come.

Their acts are not those of patriotic Americans. These are the acts of people who wish to do us real harm and destroy our way of life.

Alice11111

(5,730 posts)
25. I agree w you, w almost all you have said. Too many are
Thu May 25, 2017, 02:59 AM
May 2017

are tied to Russians, and maybe this guy is. I just don't think investing in an ishares ETF is evidence of a tie to Russia and those companies are probably in 50 ETFs, and also mutual funds. I have no idea, but it is a lot.
One common trade is ETFs that trade around BRIC (Brazil, Russia India, &China). In fact, it isn't a bad one now, as Brazil is in another state of crisis, and it is a good time to buy, w the assumption that things will settle and it will go up. There are other reasons for the other 3 countries. It doesn't make someone a sympathizer w Russia or China. They are US ETFs. It is a recognition of what the world economy, interest rates, the DT recent effect (spooks market in US, so looking elsewhere), decline of dollar. Anyway, it was probably a broker who put the guy in it. Thete are thousands of ETFs, more than mutual funds.

Achilleaze

(15,543 posts)
28. russians and republicans go together
Thu May 25, 2017, 07:52 AM
May 2017

like cess and pool.

Why are republicans pissing all over America and Americans? They really need to zip it up, got out of the America they so clearly despise, and move on to freaking totalitarian Siberia.

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