May 14, 2008 / by emptywheel

 

It’s Not Just McCain’s Advisors with Financial Ties to Evil Dictators; It’s His Wife

The other day, Cliff did a post listing all the ties to bloody dictators McCain’s advisors have. They include ties to dictators in Myanmar, Zaire, Nigeria, Philippines, Equatorial Guinea, Angola, Saudi Arabia, Dubai, and–through Sun Myung Moon, North Korea.

Well, apparently, it’s not just his advisors McCain has to worry about. It’s also his wife:

Cindy McCain, whose husband has been a critic of the violence in Sudan, sold off more than $2 million in mutual funds whose holdings include companies that do business in the African nation.

The sale on Wednesday came after The Associated Press questioned the investments in light of calls by John McCain, the likely Republican presidential nominee, for international financial sanctions against the Sudanese leadership.

[snip]

According to McCain’s personal financial disclosure, Cindy McCain’s investments include two mutual funds — American Funds Europacific Growth fund and American Funds Capital World Growth and Income fund — that are listed by the Sudan Divestment Task Force as targets for divestment.

"Those have been sold as of today," said McCain spokesman Brian Rogers.

Both funds have holdings in Oil & Natural Gas Corp., an India-based company that does business in Sudan. The American Funds Capital World Growth & Income Fund also has holdings in Petrochina, a Chinese government-owned oil company with vast investments in Sudan.

Last year, in a speech on energy policy to the Center for Strategic and International Studies in Washington, McCain cited China’s investments in Sudan as an example of regimes that survive off free-flowing petro dollars.

[snip]

On Wednesday, Rogers said: "Senator and Mrs. McCain remain committed to doing everything possible to end the genocide in Darfur."

Rogers also said, "Now that you’ve busted the McCains failing to meet the standards Senator McCain claims to uphold on the campaign trail, we’ve decided Cindy should release her tax returns, just so you can be sure there are no other surprises like this–or her onetime $400,000 investment with Charles Keating that almost ruined Senator McCain’s career."

Oh wait, he didn’t say that last bit. Silly me! The McCain campaign obviously doesn’t need help vetting its staff and Cindy’s bank accounts!

Update: small edits thanks to watercarrier4diogenes. 

Copyright © 2008 emptywheel. All rights reserved.
Originally Posted @ https://www.emptywheel.net/2008/05/14/its-not-just-mccains-advisors-with-financial-ties-to-evil-dictators-its-his-wife/