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Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands

 
Sleeping Giant
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02/08/2013 07:48 PM

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Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
As recently as 2010, Jack Lew, President Obama‘s nominee to be the next secretary of the Treasury, had as much as $100,000 invested in a CitiGroup venture capital fund based in the Cayman Islands’ notorious Ugland House, a building whose mailboxes are home to nearly 19,000 corporate entities, many of them tax shelters.

The investment has been in public documents for years and drew no attention when Mr. Lew was confirmed to be deputy secretary of state in 2009 and director of the White House Office of Management and Budget in 2010.

But the fund is coming to light as Mr. Obama and Congressional Democrats are zeroing on taxes lost to off-shore entities, including hedge funds, as a way to stave off $1 trillion in across-the-board spending cuts set to begin March 1.

Aides in both parties said it was quite likely to come up during his confirmation hearing Wednesday. Senate Democrats are struggling to come up with a package of spending cuts and tax loophole closings that could stave off the automatic spending cuts — known as sequestration — for at least three months. Tax breaks for hedge fund managers and offshore tax shelters are a prime target.
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
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02/08/2013 07:50 PM

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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Geithner is a tax cheat, so why should we expect anything different, I guess...
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
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02/08/2013 07:52 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Geithner is a tax cheat, so why should we expect anything different, I guess...
 Quoting: Sleeping Giant


What else would you expect from a gang of criminals.
Anonymous Coward
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02/08/2013 07:53 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
ohappy
Sleeping Giant (OP)
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02/08/2013 07:54 PM

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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Geithner is a tax cheat, so why should we expect anything different, I guess...
 Quoting: Sleeping Giant


What else would you expect from a gang of criminals.
 Quoting: Anonymous Coward 33832742


Yeah, I know.....
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
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02/08/2013 07:57 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Resister

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02/09/2013 07:18 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Well, one thing, at least Hussein Obama is consistant. He acts like he is above the law and hires people who are just like him. Timmy turbo tax Geithner "forgot" to pay his taxes. Then new one is just a little better at playing hide the dollar.
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
[link to line-in-the-sand.spam]
Desert FoxModerator
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02/09/2013 07:28 PM

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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Whats the problem here, he is a democrat isn't he?
TOMABANEFOX
Sleeping Giant (OP)
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02/11/2013 02:05 PM

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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Whats the problem here, he is a democrat isn't he?
 Quoting: Desert Fox


chuckle


Yeah, I guess this is no shocker!
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Sleeping Giant (OP)
Army of the Chosen One

User ID: 543618
United States
02/11/2013 02:06 PM

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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
Well, one thing, at least Hussein Obama is consistant. He acts like he is above the law and hires people who are just like him. Timmy turbo tax Geithner "forgot" to pay his taxes. Then new one is just a little better at playing hide the dollar.
 Quoting: Resister


ohyeah

lol, turbo tax
"And I know that when I leave savage wolves will come in among you and will not spare the flock. Even from your own number men will arise and distort the truth in order to draw away disciples after them. So be on your guard. We are not the wolves at the gate, we are the ones who face them."

And ye shall be hated of all men for my name's sake: but he that endureth to the end shall be saved. Matthew 10:22

Wake up, oh sleeper, and rise from the dead, and Christ will shine on you
Anonymous Coward
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Thailand
02/11/2013 02:13 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
So does Obama, that dirty, greedy 1%er.
Anonymous Coward
User ID: 2226485
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02/11/2013 02:57 PM
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Re: Obama's Treasury Secretary Nominee Has An Account In The Cayman Islands
those pesky American banks ask too many questions.

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