This Trade Agreement Gives The Greedy Bastards Leverage So It's Never Taken Away! - Dylan Ratigan

[democracy1st]

Run time: 08:01 https://www.youtube.com/watch?v=bcsHm_fCoiE   Posted on YouTube: August 16, 2011 By YouTube Member: FixedNewsChannel Views on YouTube: 738   Posted on DU: August 22, 2011 By DU Member: democracy1st Views on DU: 637

 
HuffPost's Zach Carter appeared on MSNBC's 'The Dylan Ratigan Show' to discuss the controversial trade agreement between the U.S. and Panama. Carter recently reported that the deal could provide wealthy Americans with a tax loophole by allowing them to "hide" their money in Panama-based companies and banks.

"It's just very easy to set up an offshore corporation and bank account in Panama," he said. "It only costs about $2000 and it takes about three or four days for that process to be complete."

Criticizing the trade agreement as irresponsible, he said, "Panama's got some of the most secretive and restrictive bank secrecy laws in the world and ... a very long history of refusing to cooperate with tax authorities in the U.S. so it's very perplexing that you'd want to even engage with this country in a trade deal to begin with."

http://www.huffingtonpost.com/huff-tv/zach-carter-panama-trade-deal_b_928822.html?ir=Business

[Cowpunk]

1. Kicked! This needs much wider attention.

I love this video. Dylan Ratigan is getting better than Taibbi at explaining the massive corruption in layman's terms.
The look on his face when Zach explains about the Panama Canal exemption is priceless.

[Red Knight]

2. The corruption of our government

is destroying us.

WE the people...have no say, are not represented and are being crushed by the powers that be.

They do not care.