I have to say that, judging from his press availability, and as a first impression, Congressman Devin Nunes, the chairman of the House Intelligence Committee, is a very impressively arrogant fellow. From contemptuously shuffling the Logan Act aside ("You a Logan Act guy?" he asked one reporter.) to his arch dismissal of the calls for a special prosecutor, to his clammy misuse of the word "McCarthyism," to his robotic insistence that the real problem here are the leaks about possible Russian influence over the administration—rather than, say, Russian influence over the administration—Nunes is going to be someone to watch going forward. But let's write something new about Russia anyway.

The essential folks at McClatchy have raised some questions about the ownership stake in a Cyprus bank held by Wilbur Ross, who by eight o'clock tonight likely will be your Secretary of Commerce. The bank that does a lot of business with various Russian oligarchs, including, it is alleged, as a spin cycle for money that the Russian kleptocracy would like to have cleaned.

More recently, he led a rescue of Bank of Cyprus in September 2014 after the Cypriot government — in consultation with Russian President Vladimir Putin — first propped up the institution. "Cyprus banks have a long and painful history of laundering dirty money from Russians involved with corruption and criminality," said Elise Bean, a former Senate investigator who specialized in combating money laundering and tax evasion. "Buying a Cyprus bank necessarily raises red flags about suspect deposits, high-risk clients and hidden activities." The Russian business and government elite have often sought financial security in the Mediterranean island's banking system. Oligarch Dmitry Ryvoloviev took a nearly 10 percent stake in Bank of Cyprus in 2010. Two years earlier, amid the U.S. financial crisis when real-estate prices were softening, Ryvoloviev purchased Donald Trump's Palm Beach mansion for $95 million. The transaction generated questions because of its inflated market price, about $60 million more than Trump had paid for the Florida property four years earlier. When Europe's debt crisis spread and affected Cyprus in 2012 and 2013, that nation's second biggest bank, Laiki Bank, was closed. The government imposed losses on uninsured deposits, many belonging to Russians.

As you might imagine, this whole business came up to no great effect during Ross's confirmation hearings.

Ross had little history in global banking, but in 2011 he took an ownership stake in Bank of Ireland, the only bank in that nation the government didn't seize. Ross tripled his investment when he sold his Irish stake in June 2014, then months later, he took a gamble on Bank of Cyprus. Six Democratic senators, led by Florida's Bill Nelson, asked for details about his relationship with big Russian shareholders in Bank of Cyprus, including Viktor Vekselberg, a longtime Putin ally, and Vladimir Strzhalkovsky, a former vice chairman of Bank of Cyprus and a former KGB agent believed to be a Putin associate. Aides to several of the senators confirmed late Friday that Ross hadn't responded to their questions. The White House sent McClatchy to a Commerce Department transition aide, who didn't respond to questions.

(David Cay Johnson's DC Report adds that, when Ross took over the Bank of Cyprus, he installed as chairman a guy who had left Deutsche Bank under a cloud, including a $650 million fine for laundering Russian money. Deutsche Bank, Johnson reminds us, is the president*'s largest known lender.)

It is nothing close to McCarthyism to point out that the entire Cabinet will be full to the gunwales with people who have done serious business with the Russian kleptocrats. At least they'll all have a lot to talk about over vodka at lunch.

Respond to this post on the Esquire Politics Facebook page.

Charles P. Pierce Charles P Pierce is the author of four books, most recently Idiot America, and has been a working journalist since 1976.

This content is created and maintained by a third party, and imported onto this page to help users provide their email addresses. You may be able to find more information about this and similar content at piano.io