Looks like this was leaked by the CIA not a whistleblower.The information exposed to the public was selectively managed to not hurt the US in any way.Panama was operating as a conduit to the Swiss banks and the trust companies to set up facilities for clients around the world. Many of the US’s banking institutions were fined billions of dollars for providing tax evasion assistance to citizens in 2008 when the golden era of Swiss bank accounts’ dodgy financial dealings finally came to and end.
The Glass Steagall Act was overturned by the Gramm Leach Bliley Act. Phil Gramm, after getting his namesake bill passed, immediately left Congress and took a job with UBS, receiving a commission for finding tax shelters for their US clients. Creating legislation and profiting from it is the Gramm way, his wife, Wendy, wrote the “Enron Loophole”, left government and took a million dollar signing bonus with Enron. When Enron went down, she became the “distinguished scholar” at George Mason University’s Mercator Institute, bought and paid for by the Kochs.
Mr. Blawt about 8 years ago
Looks like this was leaked by the CIA not a whistleblower.The information exposed to the public was selectively managed to not hurt the US in any way.Panama was operating as a conduit to the Swiss banks and the trust companies to set up facilities for clients around the world. Many of the US’s banking institutions were fined billions of dollars for providing tax evasion assistance to citizens in 2008 when the golden era of Swiss bank accounts’ dodgy financial dealings finally came to and end.
Nov Nov Man about 8 years ago
Like Snowden’s revelations, not too revelatory here.
feverjr Premium Member about 8 years ago
The Glass Steagall Act was overturned by the Gramm Leach Bliley Act. Phil Gramm, after getting his namesake bill passed, immediately left Congress and took a job with UBS, receiving a commission for finding tax shelters for their US clients. Creating legislation and profiting from it is the Gramm way, his wife, Wendy, wrote the “Enron Loophole”, left government and took a million dollar signing bonus with Enron. When Enron went down, she became the “distinguished scholar” at George Mason University’s Mercator Institute, bought and paid for by the Kochs.