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Wealthy Stash $21 Trillion in “Pirate Banking” System

 
Anonymous Coward
User ID: 2160618
United States
07/23/2012 12:37 PM
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Wealthy Stash $21 Trillion in “Pirate Banking” System
There are two banking systems for the wealthy. Private banks. And “pirate" banks.

“Pirate banks” form a large and fast-growing virtual banking system that has helped the wealthy hide more than $21 trillion offshore, according to a new report from the left-leaning Tax Justice Network

[link to www.cnbc.com]