Rolling Stone Takes on Billion Dollar Bailouts, Risk-Free Loans and Subsidized Tax Evasion by Uber-Wealthy
"Perhaps the most irritating facet of all of these transactions is the fact that hundreds of millions of Fed dollars were given out to hedge funds and other investors with addresses in the Cayman Islands. . . . It's one thing for the federal government to look the other way when Wall Street hotshots evade U.S. taxes by registering their investment companies in the Cayman Islands. But subsidizing tax evasion? Giving it a federal bailout?"