“What they sell is escape: from the laws, rules, and taxes of jurisdictions elsewhere, with secrecy as their prime offering.”
The Risk of Contagion of a full-blown Mexican crisis is far greater today than it was during the Tequila Crisis 22 years ago.
Toxic loans on the banks’ books as a result of corruption, political kickbacks, fraud, and abuse.
“Economic Shock & Awe” turns into “Nightmare Without End.”
They don’t care. And they’re not required to care.
The growing pile of bailed-out, newly crushed European banks.
Who are the top 10 donor families? “Familiar names…”
Government quietly involved behind the scenes.
It “could be” a good deal for taxpayers….
It just doesn’t let up.