TV News LIES

Wednesday, Jul 30th

Last update05:08:45 AM GMT

You are here News Domestic (USA) Jack Lew, Citigroup and the Ugland Truth

Jack Lew, Citigroup and the Ugland Truth

E-mail Print PDF

Jack LewAlong with its sandy beaches and quality snorkeling, the Cayman Islands’ reputation as an offshore tax haven for corporations, banks and hedge funds has become so well-known its financial institutions now are featured in travel brochures as yet another tourist attraction.

So as we traveled across the Caribbean this week — including a stretch paralleling the south coast of Cuba past Guantanamo Bay and the Sierra Maestra mountains, where Castro and his revolutionaries once hid out — we made a stop in George Town on Grand Cayman Island. A short walk along the shore took us to 335 South Church Street, a location made famous by Barack Obama a few years ago and more recently, Jack Lew, during his confirmation hearings to become Secretary of the Treasury.

There you’ll find Ugland House, a five-story office building that, according to a 2008 report from the U.S. Government Accountability Office (GAO), houses 18,857 corporations, about half of which have billing addresses back in the States. It’s the business world equivalent of one of those circus cars that’s packed with more clowns than you thought possible. In 2009, Obama said of Ugland House, “either this is the largest building in the world or the largest tax scam in the world.”

TVNL Comment:  Corporate lobbyists make the laws that benefit them, and the rest of us are fodder for their mill.  Wake up, America.

More....


Most Recent Related Stories...


Control of Detroit water department returned to mayor

Detroit water supplyControl of Detroit's massive municipal water department, which has been criticized by the United Nations and...

Immunity lets bad judges off hook for bad behavior

bad judges immune from lawsuitsWade McCree Jr. lost his job, but he won't lose his shirt.The disgraced judge — who...

Appeals Court Strikes Down Virginia's Gay Marriage Ban

Virginia gay marriageThe U.S. Court of Appeals for the 4th Circuit ruled Monday that Virginia's ban on same-sex...

Washington D.C. handgun ban ruled unconstitutional, again

DC hand gun lawWashington D.C. residents can now legally carry handguns in the streets of the District, according to...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!