AIG is chump change -- let's find corporate America's hidden billions

Salon by Joe Conason | Mar. 23, 2009 (Opinion)
It's time to reform offshore banking, and see what untaxed wealth big business is hiding in overseas tax shelters.

From the jaded perspective of the financiers, the uproar over the AIG bonuses may provide a welcome distraction from far more important (and lucrative) abuses in the world's offshore tax havens.

So rather than continue arguing over chump change, it is long past time for the United States, with its international friends and allies, to demand accountability from the long list of tiny countries and principalities, from Andorra and the Cayman Islands ... Full Story »

Posted by Dwight Rousu

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Kenneth Sibbett
4.3
 by Kenneth Sibbett - Mar. 27, 2009

A very will timed article that will please let these AIG bonuses out of the headlines and into the courts where they belong. These bonuses are a pittance compared to what people in all lines of work (mostly illegal if it has to be hidden) hide in these so-called banks. If the treasury would go after these companies they could retrieve untold billions.

How AIG can have hidden assets in off-shore accounts is beyond reasoning.

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