One step closer to complete financial meltdown, giddy up!

[Guest]

http://www.smh.com.au/world/guess-wh...720-22ffw.html

Republican Romney is up to his neck with the conservative capitalist corrupt crooks in the banking industry. Here they are organising fund raisers with the money they have ripped off from people and companies.

Why is it when you hear about banking corruption it's always conversatives that defend it? It's conservatives that don't want regulation on it? It's conservatives that are up to their morally corrupt necks in it?

Conservatism and corruption are long term bed fellows.

Chook.

That should read politicians and corruption are long term bed fellows

You are just a partisan hack chook

[Guest]

What's that old saying - 'At the heart of every corruption lies a beating conservative' or is it 'at the heart of every conservative lies corruption', wait I have it, 'conservatives are lying two faced arseholes and you'll find one up to their neck in every act of corporate corruption', yeah that's it.

Chook.

[Guest]

http://www.smh.com.au/business/world...723-22isg.html

The world's wealthiest individuals have stashed $US21 trillion ($20 trillion) worth of assets in offshore tax havens, equivalent to the combined GDPs of the United States and Japan, a tax-transparency report says.

The report commissioned by campaign group Tax Justice Network drew data from a wide range of sources including the Bank of International Settlements and the International Monetary Fund.

Report author James Henry, former chief economist at consultancy McKinsey, said the headline figure was conservative, adding that up to $US32 trillion may have found its way into havens such as the Cayman Islands and Switzerland.

According to Henry, these assets are "protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy".

Advertisement The top 10 private banks managed more than $US6 trillion in 2010, up from $US2.3 trillion five years earlier, the report found.

Tax expert and British government adviser John Whiting said he was doubtful of the figure.

"There clearly are some significant amounts hidden away, but if it really is that size, what is being done with it all?" he asked.

The Tax Justice Network campaigns for tax transparency and against tax havens.
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I bet the same "worlds wealthiest" that privy their wealth away from the tax man are exactly the same ones that corrupt the banking industry for their own selfish gains.

Let their financial temple crumble and burn these pigs to death, fark the rich!

Chook.