WASHINGTON, March 6 (UPI) -- The bursting of the housing bubble, which punctured the credit bubble, was a criminal enterprise at the outset, pooh-poohed at first by those who should have known better, that has now triggered a global economic crisis. The U.S. prison population is at an all-time high with 2.3 million behind bars, but the subprime con men/women are enjoying the fruits of their scams.
Global estimates of laundered funds sheltered by individuals in offshore tax havens vary between $7 trillion and $12 trillion. Yet only three postage-stamp size countries -- Andorra, Monaco and Liechtenstein -- are still blacklisted as tax-dodging havens.
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