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stevenleser

(32,886 posts)

15. Sure, which stuff do you need broken down? I am very familiar with all of this.

Tue Apr 5, 2016, 04:15 PM

Apr 2016

Panama has very strong corporate secrecy laws. They used to have banking secrecy there as well. That is pretty much over. Panama's banks are pretty transparent at this point. The corporate secrecy laws remain.

A lot of Panamanian lawyers offer services to create what they call "foundations" and other corporate entities. I think the going rate for a basic foundation is $2000. For that amount, you can create a company and then open a bank account anywhere in the world under that entity and deposit money in that account, conduct transactions, buy shares of stock, etc. No one will be able to find out that you own that company.

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So, no US officials are implicated by the Panama Papers? [View all] snot Apr 2016 OP

there's more coming soon. wendylaroux Apr 2016 #1

Millions more pages coming. nt tblue37 Apr 2016 #2

I'm sure a lot of Republicans in Congress are Warpy Apr 2016 #3

if you think that only Republicans Angel Martin Apr 2016 #20

Oh, yeah, I've paid attention Warpy Apr 2016 #21

FWIW, there's this post: "USA in this huge leak: 3072 companies, 441 clients" pampango Apr 2016 #4

according to BBC US Justice Dept now reviewing. salin Apr 2016 #7

I don't think most folks DO realize that. closeupready Apr 2016 #8

They are major - but I believe I read that they are the fourth largest firm. salin Apr 2016 #10

No kidding Warpy Apr 2016 #22

Which explains two sudden departures from the DoJ. AtheistCrusader Apr 2016 #25

Tell me why you think they quit WhiteTara Apr 2016 #29

I think their names came up. AtheistCrusader Apr 2016 #30

So, you think that they wouldn't play ball WhiteTara Apr 2016 #32

Could have been industry insiders/lobbyists with quite a bit of money to roll around in. AtheistCrusader Apr 2016 #34

I never thought of the Justice Department as WhiteTara Apr 2016 #35

Lots of lobbyists are lawyers. DoJ is their natural habitat. AtheistCrusader Apr 2016 #40

Of course but the Western media will push malaise Apr 2016 #5

So you're saying we should ignore it? Blue_Tires Apr 2016 #9

Editor of German paper to break this said more is coming yurbud Apr 2016 #6

I have been glued to a couple of feeds about this all day. salin Apr 2016 #11

The law firm listed is only one of several firms doing this kind of work in Panama stevenleser Apr 2016 #12

Can you break down what this means? rbrnmw Apr 2016 #14

Sure, which stuff do you need broken down? I am very familiar with all of this. stevenleser Apr 2016 #15

OK but I was seeing posts trying to tie it to Hillary somehow rbrnmw Apr 2016 #16

Yeah, those are a joke. Here is the deal with that... stevenleser Apr 2016 #17

well I guess it's like the indictment fairy then no there there rbrnmw Apr 2016 #18

Dirsregard such posts for the time being Warpy Apr 2016 #23

thanks rbrnmw Apr 2016 #24

Yeah, this is unlikely to involve the Clintons or their foundation. AtheistCrusader Apr 2016 #28

Right? askarnia1 Apr 2016 #13

Inside Job by...? askarnia1 Apr 2016 #19

No. Because the data does contain americans. AtheistCrusader Apr 2016 #31

This guy writes for Drudge, I don't think WhiteTara Apr 2016 #33

thanks askarnia1 Apr 2016 #41

We all can and WhiteTara Apr 2016 #42

McClatchy has 600 American names... ViseGrip Apr 2016 #26

And they said none of them are political figures. n/t pnwmom Apr 2016 #37

Which reminds me, to this day there is not a single scandal Jackie Wilson Said Apr 2016 #27

The Rethugs made up the ultimate scandal with the birther contentions. pnwmom Apr 2016 #38

The guy is squeaky clean, boring even Jackie Wilson Said Apr 2016 #39

Don't expect any huge names from the U.S. roamer65 Apr 2016 #36

Just not yet - patience nt LiberalElite Apr 2016 #43