Comments on: Congress Hears Offshore Tax Haven Secrets
Abuses Cost U.S. Taxpayers $100B Each Year, According To Senate Panel Report
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- I''''m guessing the well-heeled tax cheats will have Bush Administration officials (metaphorically) helping them load the boat full of money and then waving goodbye as they sail away with their illegal profits.
Posted by habu99
Yeah, Phil Graham, calling the american people "whiners" Phil Graham, Texas crook and John McCain''s financial advisor. Bush will say he is a good american. What a mess this nation is in. A separate set of rules for the elite oligarchy. A broken nation, no values, no principles, a whole lot of empty rhetoric and talking points. Limbaugh, Coulter, Hannity, O''Reilly, ---treasonous media hoes.
Phil Graham and the rest won''t be whining in h*el*l, they''ll be squealing like the pi*gs they are. - Reply to this comment
- Phil Gramm,
we will soon hear you Whine and grumble as the feds
take their 50% cut of the accounts youve certainly hidden from public view......
thanks for doing your part in reducing the deficit. - Reply to this comment
- *** you liberals!!! Whats next, fuel use standards for cars?
Posted by GOP_forever at 08:47 AM : Jul 17, 2008
You can always take refuge in your secret off-shore safety deposit box... - Reply to this comment
- More and more examples of why Republican aversion to governmental regulation is a completely empty argument. We''ve had 7+ years of degregulation and non-enforcement of a variety of laws covering a variety of industries, and inevitably the greedy rich fail to act in anybody''s interests except their own. Without government regulation and enforcement, greed is the ONLY driving principle, which not only completely fails to deliver "the best goods at the lowest possible price", but also cheats the US Treasury twice out of tax revenue from the robber baron types, many of whom are instead given money in the endless stupidity of privitization of government services.
When somebody of moderate or minimal means cheats on their taxes, the IRS comes down on them like a ton of bricks. When the ultra rich cheat on their taxes, they cheat all of us out of way more money, but apparently the only way they are caught is when whistleblowers step forward. Tax evaders in the lower 90% of the population get heavily fined and/or go to jail. I''m guessing the well-heeled tax cheats will have Bush Administration officials (metaphorically) helping them load the boat full of money and then waving goodbye as they sail away with their illegal profits. - Reply to this comment
- What did Graham steal?
Posted by mbcsmith
It would be technically alleged at this point but we''ll never know for sure. Graham is a chairman of this Swiss bank and if he is one of the tax evading clients ... there is a 19:1 chance he is, then he has stolen from this social economic system he claims residency in. If the wealthy are permitted to operate under a separate set of standards without sanction then the U.S. is officially a defunct corrupt failing empire. - Reply to this comment
- Phil Gramm , who stated that Americans are "whiners" and in a "mental recession" is on the board of UBS and is the financial advisor to JOhn McCain. Connect the dotts and you will find the disgusting cockroaches of the planet all stealthily hiding their money from taxes of their various countries. Evidently they are above having to pay taxes and deserve the right to secretly protect their assets whilet he rest of us poor working peons pay the entire taxes burden.
- Reply to this comment
- Just to Translate the Story:
The American People now live in an Unconstitutional Police State Controlled by Corporate Criminals that Ignore our Nations Laws without fear of Reprisal or Penalty, and Reap Massive Fortunes while Enslaving and Subjugating the Citizenry. Bend over and get your Reward for voting these Scumbags back into Power Year after Year, after Year, ...........
Don''t Whine and Cry if you don''t vote out ALL the Incumbents until NONE are left.
They are ALL Criminals. - Reply to this comment
- Still, the rising number of defaults in mortgages, home equity loans and credit cards suggested that the worst was not over. Chase, the bank%u2019s big consumer arm, set aside $3.8 billion in reserves, about twice the amount from the previous year, to cushion its expected losses. Yet, in those businesses, it catered to some of the industry%u2019s most creditworthy borrowers.
Although the bank is widely praised for its strong balance sheet and management under its chief executive, James Dimon, Thursday%u2019s results showed that it was not immune to economic and competitive pressure. The bank loosened lending standards and was caught off-guard by the severe downturn in home prices along with many of its rivals.
%u201CWe were wrong,%u201D Mr. Dimon said on a conference call with analysts and investors. %u201CWe obviously wish we hadn%u2019t done it.%u201D
%u201COur expectation is those mortgage losses could triple from there,%u201D Mr. Dimon said. %u201CWe had $100 million a quarter and we could go to $300 million a quarter sometime in 2009.%u201D
He cautioned that conditions could get worse.
%u201COur expectation is for the economic environment to continue to be weak %u2014 and to likely get weaker %u2014 and for the capital markets to remain under stress,%u201D Mr. Dimon said in a statement. - Reply to this comment
(AP) A man wanted by Liechtenstein for leaking secret banking information that identified millionaire tax cheats across Europe and the United States has told congressional investigators how money was concealed.
Liechtenstein? What is that? Could it be Satan?
This man has stepped on the elite''s special protective rules and put them beneath integrity and justice, in the oligarchs''narcissistic dinosaur brains, he''ll have to pay for this.- Reply to this comment
(AP) A man wanted by Liechtenstein for leaking secret banking information that identified millionaire tax cheats across Europe and the United States has told congressional investigators how money was concealed.
Liechtenstein? What is that? Could it be Satan?
This man has stepped on the elite''s special protective rules and put them beneath integrity and justice, in the oligarchs''narcissistic dinosaur brains, he''ll have to pay for this.- Reply to this comment
- Phil Graham steals and calls the rest of us "whiners" and his media hoes and politicos agree because they''''ve been stealing and honing out the sensibilities of this nation.
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Posted by l8c6 at 01:31 PM : Jul 17, 2008
What did Graham steal? - Reply to this comment
- Phil Graham steals and calls the rest of us "whiners" and his media hoes and politicos agree because they''ve been stealing and honing out the sensibilities of this nation.
- Reply to this comment
- Fannie and Freddie shares have declined by about 80 percent this year. The slump in the two mortgage agencies has sparked a new catchphrase -- ``Too Chinese to Fail'''''''' -- based on the $974 billion of U.S. agency debt held by foreign investors, a fivefold increase since 2003.
Financial markets and U.S. legislators alike have derided U.S. Treasury Secretary Henry Paulson''''s plan to bail out the mortgage lenders. One of the two key elements is illogical, while the second is plain outrageous.
Just last week, Fannie Mae said it ``has access to ample sources of liquidity, including access to the debt markets.'''''''' Freddie Mac said it was ``adequately capitalized, highly liquid and an essential part of the nation''''s housing system.'''''''' Either they are being economical with the truth, or the decision to let them borrow from the Federal Reserve''''s discount facility is window-dressing that serves no real purpose.
Defending the Indefensible
Worse is the scheme to allow Paulson to dip into the nation''''s tax revenue to purchase shares in Fannie and Freddie -- shares that investors have already deemed to be almost worthless. If the mortgage lenders can''''t survive in their current form, the government shouldn''''t be defending the indefensible.
In April, Standard & Poor''''s said the risk that the U.S. would have to prop up its so-called Government Sponsored Enterprises posed a bigger threat to the country''''s AAA rating than its willingness to underwrite securities firms. - Reply to this comment
- The USA spends $100 billion more on the military than all other countries combined. In addition, the government has $8-9 trillion in debt and counting.
It makes their concerns about $100 bill lost a year a trifle.
Posted by kennedy7955
I can''t believe the perpetuation of the big lies. This debt, this borrowing, these cost benefit PRIVATE GLOBAL CORPORATE PROFITEERING OLIGARCHS !
They have become the government. - Reply to this comment
- It makes their concerns about $100 bill lost a year a trifle.
Posted by kennedy7955
Oh, so 100 billion annually for the war in Iraq and tax breaks for the super rich in american and an additional opportunity for them to to commit 100 billion dollars tax evasion...yeah, no big deal. It''s just money, to hel*ll with principles and leadership. Everyone knows the right wing sociopaths value neither. The cost of the 100 billion to the trust of society in this system is far more than a 100 billion dollars, it''s incalculable and it''s this right wing neo con cronyism is what is the unraveling of the United States. - Reply to this comment
- It makes their concerns about $100 bill lost a year a trifle.
Posted by kennedy7955
Oh, so 100 billion annually for the war in Iraq and tax breaks for the super rich in american and an additional opportunity for them to to commit 100 billion dollars tax evasion...yeah, no big deal. It''s just money, to hel*ll with principles and leadership. Everyone knows the right wing sociopaths value neither. The cost of the 100 billion to the trust of society in this system is far more than a 100 billion dollars, it''s incalculable and it''s this right wing neo con cronyism is what is the unraveling of the United States. - Reply to this comment
- I hate Bush and what he has done to this country but there is plenty of blame to go around. The dems have stood by and watched. Pelosi is a great example of Dems stupidity and cowardice.
- Reply to this comment
- Fannie and Freddie shares have declined by about 80 percent this year. The slump in the two mortgage agencies has sparked a new catchphrase -- ``Too Chinese to Fail'''''''' -- based on the $974 billion of U.S. agency debt held by foreign investors, a fivefold increase since 2003.
Financial markets and U.S. legislators alike have derided U.S. Treasury Secretary Henry Paulson''''s plan to bail out the mortgage lenders. One of the two key elements is illogical, while the second is plain outrageous.
Just last week, Fannie Mae said it ``has access to ample sources of liquidity, including access to the debt markets.'''''''' Freddie Mac said it was ``adequately capitalized, highly liquid and an essential part of the nation''''s housing system.'''''''' Either they are being economical with the truth, or the decision to let them borrow from the Federal Reserve''''s discount facility is window-dressing that serves no real purpose.
Defending the Indefensible
Worse is the scheme to allow Paulson to dip into the nation''''s tax revenue to purchase shares in Fannie and Freddie -- shares that investors have already deemed to be almost worthless. If the mortgage lenders can''''t survive in their current form, the government shouldn''''t be defending the indefensible.
In April, Standard & Poor''''s said the risk that the U.S. would have to prop up its so-called Government Sponsored Enterprises posed a bigger threat to the country''''s AAA rating than its willingness to underwrite securities firms. - Reply to this comment
- "Abuses Cost U.S. Taxpayers $100B Each Year, According To Senate Panel Report"
Okay, maybe abuses cost taxpayers $100B but to be fair nothing costs taxpayers more than the government. The government wastes a lot of our money on needless wars, interest on debt, corruption and graft. I guess every little bit counts though, the reason for this story.
Funny how the USA charges so many countries around the world with corruption and never admit to any of it here. I think it unlikely that any other country wastes as much money as our government.
The USA spends $100 billion more on the military than all other countries combined. In addition, the government has $8-9 trillion in debt and counting.
It makes their concerns about $100 bill lost a year a trifle. - Reply to this comment
- The 109-page report by the Senate Homeland Security and Governmental Affairs investigations subcommittee took aim specifically at Switzerland''s UBS AG, among the world''s largest wealth managers, and Liechtenstein''s LGT group, owned by the principality''s royal family.
Oh yeah, this is the bank that Phil Graham the Texas dude is a chairman of. Didn''t he just call the american people a bunch of whiners the other day.
Justice for him will never ever happen in this country but in he*ll justice will have him squealing like a pi*g. - Reply to this comment
Mike Huckabee on GOP "rock stars," 2012, health care reform and more.
