April 26, 2013
Taking to the Huffington Post this week, former Assistant Attorney General Robert Raben attacks Argentina’s position regarding the ongoing litigation with vulture funds, a case readers of this space are familiar with. Raben states that, “The Argentine government’s behavior toward U.S. courts and U.S. judges has gone beyond contempt, and its ongoing defiance of our legal system must come to an end.” Anticipating the possibility of the case going to the Supreme Court, Raben saves some criticism for the United States, which has sided with Argentina in the court case:
the U.S. executive branch made the disappointing and unfortunate decision to support Argentina at the lower-court level, on the unsubstantiated grounds that holding Argentina accountable would somehow undermine the vague U.S. foreign-policy goal of promoting the orderly restructuring of defaulted sovereign debt.
Raben concludes that, “It would be downright dangerous for the Department of Justice to maintain its support for Argentina after its disgraceful displays of disrespect for the U.S. judicial system.”Raben would have you believe that his conclusion and expertise in the matter is simply based on his previous experience:
As a former assistant attorney general, I am familiar with the struggles and the balancing involved in weighing various legal and policy questions and deciding whether to ask the Supreme Court to review a case.
But readers of the Huffington Post might be interested in something else not mentioned in Raben’s article: that his lobbying firm, The Raben Group, has been paid over $2.1 million by a group representing the same vulture funds that are suing Argentina, according to lobbying disclosure documents. In fact, the American Task Force Argentina (ATFA), of which Raben is the Executive Director, has spent nearly $4 million lobbying the White House, Treasury Department and U.S. Congress. Nowhere in the article does Raben disclose this relationship. His 382 word Huffington Post bio notes his past working for Barney Frank, his time as Assistant Attorney General and his current position “on the boards of the American Constitution Society and Alliance for Justice,” yet never mentions his management position at ATFA or even the existence of his lobbying firm.
But deception is nothing new for these vulture fund defenders. In October, the Wall Street Journal reported on how ATFA was using the names of professional associations, such as farmer and teacher organizations, to further the interests of the vulture funds even though the groups had no idea what ATFA even was.