Tag Archives: cayman islands

Investors could only lose in Goldman’s offshore deals that met every definition of a Ponzi scheme

Posted on December 31, 2009 by stacyherbert| 40 Comments

Stacy Summary: But Madoff is in prison, so nothing to see here folks. Just keep moving.

Investors could only lose in Goldman’s offshore deals

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Tagged cayman islands, goldman sachs, offshore deals

UK taxpayer guarantees loans for Cayman Islands bailout

Posted on October 1, 2009 by stacyherbert| 42 Comments

Stacy Summary: I thought zero taxes was supposed to create a thriving economy? And it seems all the Caymans’ largesse and love shown to the money launderers, hedge funds and oligarchs went unrequited as I don’t see any of them offering to guarantee the piddly £38 million loan.