Tax Havens: The Hidden Hand in the Financial Crisis

By American News Project

January 8, 2009

» More

This year's economic crisis decimated financial institutions across the world, and though many blame everything from subprime mortgage lenders, to profligate consumers, inept regulators, or complex financial instruments like credit default swaps, one oft-overlooked practice may have sharply accelerated the crash. In this short film, the American News Project looks at the use of off-shore, non-transparent tax havens by American banks as a means of disguising their actual assets. How did this practice become so commonplace? And where do we go from here?

--Marissa Colón-Margolies

Check out more great Nation videos on our YouTube channel.

About American News Project

The American News Project is dedicated to defending and promoting the public interest through high-quality, investigative video journalism. more...
Advertisement
Advertisement
Advertisement

Blogs

» The Beat

Another Helping of FDR Please | Obama should follow the New Deal president's example and make his Thanksgiving Proclamation a call for economic justice.
John Nichols

» Editor's Cut

Filibuster Follies | "The filibuster has become a cancer growing inside the world's greatest deliberative body."
Katrina vanden Heuvel
66 Comments

» The Notion

Bad Black Mothers | For African American women, reproduction has never been an entirely private matter.
Melissa Harris-Lacewell
81 Comments

» Act Now!

Coal Country | Stunning film reveals new dimensions to the cost of America's over-reliance on coal.
Peter Rothberg
103 Comments

» The Dreyfuss Report

A Kingdom of Bicycles No Longer | China's ambassador for climate change speaks on the eve of the Copenhagen summit meeting.
Robert Dreyfuss
57 Comments

» Altercation

Slacker Friday | The "Second Amendment" sale; the raving paranoids of the right.
Eric Alterman