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Cayman Islands

The Secrets To Goldman Sachs' Success: Contrary Bets, Predatory Lending, Government Connections, Offshore Tax Havens

McClatchy | Greg Gordon | Posted 11.01.2009 | Business

Read More: Foreclosures, Paulson, Regulation, Recession, Obama, Reform, Lloyd Blankfein, Mortgage Related Swaps, Mortgages, Goldman Sachs, Aig, Mississippi, Bailout, Predatory Lending, Securities Act of 1933, Blankfein, Hank Paulson, Foreclosure, Housing Crisis, Goldman Sachs Mortgage, Real Estate, Wall Street, Tax Havens, Housing Market, Blue Chips, Calpers, Derivatives, Moody's, Offshore, Tim Geithner, High Yield Bonds, Hedges, Barack Obama, Nyse, Cayman Islands, Banks, Sec, Subprime Mortgage, Economy, Business News

WASHINGTON -- In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but n...

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Dirty Money Flees Swiss Banks for Singapore

Diane Francis | Posted 09.22.2009 | World

Read More: Ubs, Swiss, Singapore, White Collar Crime, Secret-Bank-Accounts, Cayman Islands, Swiss Banks, Secret Bank Accounts, Tax Evasion, World News
Diane Francis

UBS will hand over information on the accounts of 4,450 wealthy Americans, the bank has announed. But this should be just the beginning and the next big target should be Singapore.

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Fear and Looting in America: Do You Really Want Your Money Back?

Les Leopold | Posted 07.23.2009 | Business

Read More: Tarp, Job Losses, Unemployment, Wall Street Crisis, Wall Street, Economic Crisis, Financial Crisis, Cayman Islands, Congress, Wall Street Bailout, Business News
Les Leopold

You can't build the real economy through fantasy finance derivatives. We've got to shrink the financial sector down to size. This tax is one way to start that process.

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Vulture Funds Lobby Against Argentina, Trying To Use the U.S. Congress In Public Relations Campaign

Mark Weisbrot | Posted 07.06.2009 | World

Read More: Eric Massa, Latin America, Argentina Default, Obama Latin America, Argentina, Cristina Fernandez De Kirchner, US Foreign Policy, Nestor Kirchner, Atfa, Argentine, Nicaragua, Cayman Islands, Peru, World News
Mark Weisbrot

Eric Massa, a freshman Democratic Representative from Corning in the state of New York, has introduced legislation on May 20 that would seek to punish Argentina by, among other things, denying the country access to U.S. capital markets.

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Faux-Populist "Tea Parties" Ignore Tax Breaks for Overpaid CEOs

Art Levine | Posted 05.16.2009 | Politics

Read More: Taxes, Financial Crisis, Tax Haven, Afl-Cio, CEO Pay, Tea Party, Paywatch, Tea Bagging, Tampa-Florida, Cayman Islands, Politics News
Art Levine

There's a useful way to channel anger over corporate pay abuses and tax ripoffs that does far more than venting mindless anti-Obama, anti-tax rage at "tea party" rallies.

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Arthur Delaney

Offshore Tax Havens: A State-By-State Breakdown Of The Cost To Taxpayers

HuffingtonPost.com | Arthur Delaney | Posted 05.15.2009 | Business

Read More: US Pirg, Offshore Tax Havens, Tax Havens, Off Shore Tax Havens, Offshore Taxes, Offshore Tax Havens Cost the Us, Corporate Tax Havens in Cayman, Tax Revenue Lost to States, Tax Haven Losses, Tax Havans, Tax Havens and States, Tax Haven Cayman Bush, Switzerland, Cayman Islands, Business News

A Senate report estimated in 2008 that the United States loses up to $100 billion a year in tax revenue to offshore tax havens (PDF). In a report rele...

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In New Terror Video, AIG Demands Huge Ransom from U.S.

Andy Borowitz | Posted 03.16.2009 | Comedy

Read More: Aig, Andy Borowitz, Jonathan Alter, Homeland Security, Janet Napolitano, Cayman Islands, Timothy Geithner, Judy Gold, Hendrik Hertzberg, AIG Bailout, Economy, Aig Bonuses, Bank Bonuses, Recession, Federal Bailouts, Bailout Bandits, Financial Crisis, Aig Federal Bailouts, Bonuses, Wall Street Bonuses, AIG Scandal, Comedy News
Andy Borowitz

In the four-minute tape, a man believed to be the chairman of AIG says that if his organization is not paid its ransom, "chaos and destruction will rain down on the American economy."

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Sam Stein

Obama To Target Tax Havens In Budget

HuffingtonPost.com | Sam Stein | Posted 03.27.2009 | Politics

Read More: Barack Obama, Tarp Recipients Tax Loopholes, Cayman Islands, Tax Loopholes, Obama Tax Policy, Obama Corporate Loophole, Obama Budget, Rosa Delauro Tax Havens, Obama Tax Havens, Tax Havens, Politics News

As part of the budget that he will introduce this Thursday, President Barack Obama will call for the closure of tax havens that allow companies to pay...

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Madoff Blames Ponzi Scheme on Youth, Immaturity

Andy Borowitz | Posted 02.17.2009 | Business

Read More: Hendrick Hertzberg, Andy Borowitz, Chimps, Chrysler, General Motors, Jonathan Alter, Rick Wagoner, Cayman Islands, Ponzi Scheme, Judy Gold, Bank Bailout, Bernie Madoff, Bernard Madoff, Alex Rodriguez, Business News
Andy Borowitz

Madoff pleaded for understanding, explaining, "You do all kinds of crazy things when you're at an impressionable age like 60 or 61."

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A Letter from Bernie Madoff

Andy Borowitz | Posted 01.15.2009 | Business

Read More: Borowitz Report, New York Times, Miley Cyrus, Andy Borowitz, Benicio Del Toro, Bernie Madoff, Cayman Islands, Madoff Hearing, Humor, Ponzi Scheme, Madoff Scandal, Madoff Fate, Madoff, Satire, Madoff Indictment, Madoff Trial, Bernard Madoff, Madoff Ponzi Scheme, Madoff Jail, Business News
Andy Borowitz

"Dear neighbors, in exchange for all the support you've shown me, I'd like to do something for you -- in the form of the investment opportunity of a lifetime."

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Top Iraq Contractor Skirts Taxes Offshore

Boston Globe | Farah Stockman | Posted 03.28.2008 | Politics

Read More: Iraq War, Iraq Contractors, Iraq, War in Iraq, Tax Havens, Iraq Contractor, Halliburton, Cayman Islands, Politics News

Kellogg Brown & Root, the nation's top Iraq war contractor and until last year a subsidiary of Halliburton Corp., has avoided paying hundreds of milli...

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Jason Linkins

Huckabee Hits The Caymans, Meets With Random Strangers

HuffingtonPost.com | Jason Linkins | Posted 03.28.2008 | Politics

Read More: Huckabee in the Caymans, Mike Huckabee, Mike Huckabee Visits the Cayman Islands, Cayman Islands, Politics News

Even though a robust debate continues on whether and when a U.S. President should risk the prestige of the office meeting with sketchy foreign leaders...

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Offshore Tax Shelters Factor Into Romney's Business Success

LA Times | Bob Drogin | Posted 03.28.2008 | Politics

Read More: Bain Capital, Mitt Romney, 2008 Presidential Race, Cayman Islands, Mitt Romney and Tax Shelters, 2008 Race for the White House, Tax Shelters, 2008 Presidential Campaign, Overseas Tax Shelters, Politics News

While in private business, Mitt Romney utilized shell companies in two offshore tax havens to help eligible investors avoid paying U.S. taxes, federal...

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