Tax Havens: The Hidden Hand in the Financial Crisis

Published 11 months ago

The financial crisis seems as if it emerged from nowhere. How did so many financial institutions crumble with so little warning? There are many reasons, but one that has not been given much attention is how tax havens helped enable the mess.

Tags: 700 billion bailout bank america banks barney frank citibank citigroup congress credit crisis dc economic financial foreclosure madoff offshore oversight ponzi scheme tarp tax haven treasury united states