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Rex

(65,616 posts)

5. The Cayman Islands.

Reply to Octafish (Original post)

Fri Jul 27, 2012, 05:40 PM

Jul 2012

Any offshore account that is a tax shelter. It is like when the Pentagon LOST a trillion dollars...ooops our bad, thank you taxpayer for shouldering the burden.

THIS is why I laugh when people pretend we still live in a capitalist society. Maybe at one time we did, but not now.

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What I don't understand is: WHERE DID ALL THAT MONEY GO? [View all] Octafish Jul 2012 OP

i read somewhere that the touted business profits are a function of gov't spending -- i.e. gov't HiPointDem Jul 2012 #1

Interesting. While corporate profits are at all-time highs, wages are at all-time lows... Octafish Jul 2012 #15

It went to cover defaults on mortgages harun Jul 2012 #2

Seems like WallStreetBigBanks are laughing all the way somewhere, courtesy of US taxpayer. Octafish Jul 2012 #17

A lot (perhaps even most) of that money went overseas. nt Romulox Jul 2012 #3

Keeping Offshore Invisible: A Study in News Management Octafish Jul 2012 #18

Rhetorical question, bro? Zorra Jul 2012 #4

Yes, Zorra-san. I hope to generate discussion as Corporate McPravda won't... Octafish Jul 2012 #11

LIBOR-manipulation story dwarfs by orders of magnitude any financial scams in the history of markets Zorra Jul 2012 #12

The Cayman Islands. Rex Jul 2012 #5

Corruption and the Offshore Interface Octafish Jul 2012 #19

Medical bills, home and auto repairs, mercenaries, drones, bombs, prostitutes, the usual. freshwest Jul 2012 #6

A lot of the money was not there KT2000 Jul 2012 #7

There never were trillions in bailouts econoclast Jul 2012 #8

Largely, it was lent back to the Fed who paid more interest than we charged the banks.... Junkdrawer Jul 2012 #9

Actually that razzle dazzle econoclast Jul 2012 #10

It never existed quaker bill Jul 2012 #13

It never existed. Basic macroeconomics explans it... TreasonousBastard Jul 2012 #14

What is really cool quaker bill Jul 2012 #16