Home pagePress CenterIn the Media Arnaud de Borchgrave, a CSIS senior advisor, published a commentary in the Washington Times, "Portentous economic pile-up."
In the Media | Detail
Arnaud de Borchgrave, a CSIS senior advisor, published a commentary in the Washington Times, "Portentous economic pile-up."
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 and con 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.
The Center for Strategic and International Studies (CSIS) is a private, tax-exempt institution focusing on international public policy issues. Its research is nonpartisan and nonproprietary. CSIS does not take specific policy positions; accordingly, all views, positions, and conclusions expressed in these publications should be understood to be solely those of the authors.
