Recently Panama has been in the news, more specifically one of our major law firms, Mossak Fonseca.  I like what Simon Black at Sovereign Man had to say about all of this.

“The Internet practically exploded Monday morning after a detailed report was published proving that dozens of corrupt politicians around the world have been stealing public funds and hiding the loot overseas.

In other news, the Pope is Catholic.

The real issue is that systems of government routinely put morally bankrupt individuals in control of trillions of dollars of cash.

Seriously, what do people expect is going to happen?

Yet this never seems to be concern. The media outcry always seems to focus on the manner in which public officials hide their assets, not the fact that the funds were stolen to begin with.

This report targets the illicit use of offshore corporations, specifically those set up by a single law firm in Panama.

In reality, this issue hardly boils down to one firm.

There are thousands of law firms all around the world, including in the UK and the United States, that register companies for their clients.

But it’s crazy to presume that corrupt officials and con artists are the only ones who would ever need a company in one of these “shady” jurisdictions.

(Those “shady” jurisdictions, by the way, include Wyoming, South Dakota, and Delaware.) ”
Anyway, let’s go to CNN and the boil down they put out on Tuesday

I am not going into any more of the details as these will occupy the press for many months to come.  And then we can get back to watching the political discussions and the Elections!!