i mean, this was a yeltsin story. why is this continuing? bank of new york was a yeltsin story. so there is a lot of money to be made in russia. when we see that is thinking about closing its 50 offices in russia, well, okay. so but has -- what of the new rules for loans, bonds, ipos, how much money has been made from russian ipos the work already prepared and introduced in london? plea prepared from a legal sent. and who is benefiting from that? well, who is preparing the ipo? who are they at counting? welcome i know this is a subject close to your hard. but chuck -- >> and accounting firm. >> but the accounting firms, holding and noses and signing off on bottom lines. i mean, how much money was made when they turned the other way and did not look at the quality of the numbers and a lack of transparency? but then, you know, bank of america is a whole forest or made up. so there is a big problem with the banking industry as a whole. certainly russia was the place to be. extremely brave and tell 2003. he was making a lot of money in russia. he was looking the other way when he be

but when yeltsin outlawed the cpsu, who did the money belong to? well, it belonged to whoever knew what the bank account number was. and this started the scramble for offshore can accounts -- offshore accounts. cole international was hired, they couldn't find the money. hired by guydar and yeltsin, they couldn't find the money, and it was a very interesting episode. so the core of the book starts in 1991, and i regard it as the most conservative analysis possible based on extensive interviews of putin's involvement in illicit activities in the '30s -- '90s, his efforts to suppress legal cases that were started against him and the rise to power of the group around hum. i interviewed russian, european, american journalists, activists and many government officials, but i only used those documents that were publicly available. the reason that i did this is that there's quite a number -- many, many books -- on putin that assure us of their sources. what i'm trying to establish is that it's there. what we know about this episode, it's there in the writte

instead cpsu coming back, they were banned when it tried a coup against yeltsin. the money was abroad and the only people that had the numbers in the accounts were kgb. they emerged as the holders of knowledge about where the money is, how deep it's bury. lots of offshore accounts. >> the cps union and the communist party. >> absolutely. >> vladimir putin became the mayor of st. petersburg. >> he losses the job and becomes president in less than four years. how did that happen? he lost the job. the '90s was marked with his efforts to escape prosecution. there were criminal cases, two, that he was named in. he needed to keep going up the food chain to control the gathering storm against him. and others. not only him. but against him for sure. he took one job after the other. by the summer of 1999, he had become the head of the f.s.b. remember, this is someone who when he retoird from the f.s.b. -- retired from the f.s.b. was only a colonel, and there were hundreds of people more qualified to take that position than himself. i think one of the conclusions of the boo

we had a breakdown in russia in 1996 where we had a sense that yeltsin's victory, boris yeltsin's victory was an american imperative. we had to make sure that the the other did not win the final one round of the presidential election. so that is where we begin to see some deviation from that where it wasn't something about supporting process. it was about looking at the outcomes, political outcomes that we wanted, and then as we've gone back and looked at that with a willingness to have to compromise to allow the , democratic process to be compromised in order to ensure that president yeltsin would have his second term in office. and finally one critical part of the central east european experience, which may not be replicated in other parts of the world was that the fact that the united states government put its full faith and credit behind the democracy process was very important to local government looked at that as part of the validation of the reform process that they were doing to the fact that u.s. officials, ambassadors , government functionaries were involved and for supporting t

i mean, this was a yeltsin store. why is this continuing? bank of new york was a yeltsin a story. so there's a lot of money to be made in russia. when we see that citigroup is thinking about withdrawing or closing its 50 offices and russia, well, okay. what has been the rules for loans, bonds, and ipos? how much money has been made from russian ipos that were poorly prepared and introduced in london? poorly prepared from a legal standpoint. and who is benefiting from that? no, who is preparing the ipos? who are they accounting? i know this is a subject close to your heart said you were torn up in in moscow. >> not an accounting firm. >> but the accounting firms holding their noses and sign off on bottom lines. i mean, how much money was made when they turned the other way and didn't look at the quality of the numbers and the lack of transparency? but then, yeah, bank america is a whole sheet, armada, that's what we're learning. so there's a big problem of the banking industry as a whole, and certainly russia was the place to be. browder who i think has been extremely brave, well,

compromise the process or allow the democratic process to be compromised in order to ensure president yeltsin would have his second term in office. finally won critical part of the central east european experience which may not be replicated in other parts of the world was that the united states government put its full faith and credit behind the democracy process was important. local governments looked at that as part of the validation of the reform process they were doing, the fact that u.s. officials, ambassadors, government functionaries were involved and were supporting this process where seen as a positive for the process. looking at this experience it can be tempting to say it worked in east europe and we had the idea that every country, all we have to do is take the polish model and apply it elsewhere and have the same results. i think of we misapply the east european experience in eurasia and the middle east it can lead us to a contradiction, it can lead to disappointments. why isn't it working out the way it is supposed to? why haven't we seen the emergence of political movements th

and gorbachev did that, and yeltsin, and to some extent even medvedev.e are seeing russia becoming russia again. >> when did they miss their chance? >> i think russia missed its chance to diversify its economy, and secondly -- will is at the kennan institute. to break out of what he said, the basic mindset of russia as a paranoid empire. something else i found interesting is, watching how china plays this. relationship as tom and i were talking earlier, is something kissinger understood. somebody needs to be clever -- to getget china russia indebted to china. >> kissinger nails this, this relationship of ukraine to russia. which is, they have a point of view that is not in the media in the west, and not even being discussed within the nato centered west. >> as kissinger would point out, there is an in-store tie -- and with thetie to russia ukraine. i think russia has misplayed the hand at the end of the day. >> the foreign affairs article three months ago from the university of chicago professor -- i cannot remember his name, there isdea being that no di

. >> chairman of the kremlin cup, even former coach to boris yeltsin.r fire for something he said on russian tv for the way serena and venus williams look. he made the comments during a russian talk show. the now suspended president of the russian tennis federation was appearing alongside russian tennis champion when the host asked her how she felt playing against serena and venus williams. he interrupted, calling them the williams brothers and adding that it's, quote, scary when you look at them. >> someone with his power, it's really unacceptable to make such insensitive bullying remarks. >> reporter: on sunday, serena williams addressed the insult head on during a news conference at the world tennis association in singapore. >> i thought his comments were insensitive and extremely sexist as well as racist at the same time. >> reporter: russian tennis great maria sharapova also came to the williams' sisters defense. >> it was very inappropriate, especially in his position and all the responsibilities that he has. it's just really irresponsible. >> rep

chairman of the kremlin cup for the past 18 years, a member of the ioc and even a former coach to boris yeltsins under fire for something he said on russian tv about the way serena and venus williams look. he made the the comments during a russian talk show. the now-suspended president of the tenn1tennis p/eed raising, the the host asked her how she felt playing against serena and veenius williams. he interrupted calling them the williams brothers, and adding that it's, quote, scary when you look at them. >> if someone with his power, it's really unacceptable on make such insensitive, bullying remarks. >> on sunday serena williams addressed the insult head-on during a news conference at the world tennis association tournament in singapore. >> i thought his comments were very insensitive. i thought they were extremely sexist as well as racist at the same time. russian tennis great maria sharapova also came to the williams sisters defense spoo he was very inappropriate especially in his position and all of the responsibilities that he has is just really irresponsible. >> terpashev who was also a