"There is a shadow financial system comprised of tax havens, secrecy jurisdictions, disguised corporations and anonymous trusts which facilitates the movement of corrupt, criminal, and commercially tax-evading money across borders and around the world," says Raymond Baker, director of Global Financial Integrity (GFI). "This shadow financial system is at the heart of the current global economic crisis. Secrecy prevents accurate appraisal of the depths of the subprime mortgage collapse and other collateralized debt obligations, credit default swaps, derivatives contracts, and more. Lending has nearly collapsed since financial institutions are unable to discern the quality of assets of those needing funds."
Sarah Huckabee Sanders Attacked Harris For Not Having Kids To 'Keep Her
Humble'
-
Former Trump Press Secretary and Arkansas Governor Sarah Huckabee Sanders
opened Trump's faux town hall in Michigan by mispronouncing Kamala Harris'
name...
3 hours ago
No comments:
Post a Comment