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Octafish

(55,745 posts)
21. A boatload of money. Moved offshore. Where it's now A-OK (for the connected) to keep.
Fri May 10, 2013, 11:57 AM
May 2013

Interesting things that never seem to make it onto the nightly news:



Penny Pritzker's Commerce (Part Two)

Rick Perlstein
The Nation on May 6, 2013 - 2:12 PM ET

Did you know that in the early 1970s, the Internal Revenue Service investigated the Pritzker family, whose scion Penny Pritzker has just been tapped by President Obama to become Secretary of Commerce, because their Hyatt Corporation was paying no taxes? And that in the course of the inquiry, an IRS statement quoted an informant with access to the records of the offshore bank where they hid their assets that the family, “through their Hyatt Corporation, received their initial backing from organized crime”?

Did you know that this particular financial institution, Castle Bank & Trust of the Bahamas, was founded by a veteran of the wartime spy agency the Office of Strategic Services who specialized in creating front organizations for the CIA, and helped launder funds for attempts to overthrow Fidel Castro? That Castle operated by arranging for a Miami bank controlled by associates of mobster Meyer Lansky to accept the original deposits, which it then passed on to Castle with only code numbers, but not names, attached?

Did you know that the IRS dropped a major investigation of Castle in 1977, according to The Wall Street Journal, at the behest of the Central Intelligence Agency?

And did you know one of the bank’s cofounders, the late Burton Kanter, was on the board of the Hyatt Hotels Corporation, and that—as The Kansas City Times discovered in a 1982 Pulitzer Prize–winning investigation following the collapse of a shoddily constructed skywalk that killed 114 at a Hyatt in 1981—the Pritzkers were Castle Bank’s largest depositors?

CONTINUED...

http://www.thenation.com/blog/174197/penny-pritzkers-commerce-part-two#



Yeah. See. We got a plan, see.



Empty the banks legal like, see. Yeah.

It's like running breathlessly into the police department to report just witnessing a theft from the Treasury and then finding out the guy in a sergeant's uniform at the desk is the same guy you saw loading loot into the trunk of the getaway car.
Viva-La-Wall Street,were you expecting Wellstone ruled May 2013 #1
When he dumped Joseph Stiglitz in favor of Timothy Geithner, I got a clue. Octafish May 2013 #12
+1 HiPointDem May 2013 #2
What's Wrong with the Trans-Pacific Partnership? Octafish May 2013 #18
Looks like the old revolving door between corporation power and government is history. pa28 May 2013 #3
Neil Barofsky Gave Us The Best Explanation For Washington's Dysfunction We've Ever Heard Octafish May 2013 #19
He was on Bloomberg Business live yesterday making those good points. KoKo May 2013 #38
Elizabeth Warren for President in 2016. JDPriestly May 2013 #4
+1 newfie11 May 2013 #6
yup.. madrchsod May 2013 #9
sorry, but that's ridiculous. cali May 2013 #16
More than one term in the Senate? Community Organize in the South Side? Octafish May 2013 #20
sigh. no. cali May 2013 #31
"He had a well established network of donors..." bvar22 May 2013 #41
Like the skills of W? n/t HangOnKids May 2013 #29
huh? cali May 2013 #32
See Your Post 16 HangOnKids May 2013 #36
w was a smart fucker who knew exactly what he was doing. galileoreloaded May 2013 #42
That he fucked up everything he touched? HangOnKids May 2013 #44
lozlol. nt galileoreloaded May 2013 #48
Does that mean something? HangOnKids May 2013 #49
The appearance of sincerity and being a polished liar helps. pa28 May 2013 #43
Money Talks warrant46 May 2013 #5
Always has, always will. N/T GreenStormCloud May 2013 #7
Money Talks - Kinks byeya May 2013 #17
Didn't work with FDR. n/t L0oniX May 2013 #27
He was already rich. N/T GreenStormCloud May 2013 #28
"the FDR family wealth was well established before the president was born" L0oniX May 2013 #34
A boatload of money. Moved offshore. Where it's now A-OK (for the connected) to keep. Octafish May 2013 #21
yup...he`s completely sold out the american people.... madrchsod May 2013 #8
Jacob Lew: Another Brick in the Wall Street on the Potomac (William K. Black) Octafish May 2013 #25
du rec. nt xchrom May 2013 #10
We don't have to haul out the tumbrils. We can go after their OFFSHORE accounts. Octafish May 2013 #45
Well, well at least we dont have pesky medical marijuana users on our streets. rhett o rick May 2013 #11
Yes pain and suffering is the lot of the majority - need to fill those private prisons and need byeya May 2013 #14
How Punching Hippies became a national security pastime. Octafish May 2013 #46
We don't have a democracy but rather have a system of organized corruption. If some behavior byeya May 2013 #13
+1000 forestpath May 2013 #23
The Sopranos Are Alive And Well. HangOnKids May 2013 #30
well.... KoKo May 2013 #39
"Remember, Uncle: We make the laws." Octafish May 2013 #47
Quick light the blue link shaped beacon! bobduca May 2013 #15
ROFL. forestpath May 2013 #24
If anyone has ANY doubts that Obama EVER plans to help workers.... forestpath May 2013 #22
Workers? Depends on the country, I guess. The USA, perhaps not but think of the happy Burmese! byeya May 2013 #26
When does the revolution start? We can't allow them to keep getting away with this. Initech May 2013 #33
Most revolutions make things worse for ordinary folks. GreenStormCloud May 2013 #35
Not true...Reforms are made that are unpopular with those who got Overthrown in Revolution KoKo May 2013 #40
The whole article is a worthwhile read. Thanks for posting this... KoKo May 2013 #37
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