A Shelter That Could Start a Stampede | WHAT REALLY HAPPENED


A Shelter That Could Start a Stampede

FINANCIAL engineering — funky mortgages, off-balance-sheet vehicles and complex derivatives — contributed mightily to our current crisis. And the meltdown’s resolution, by no means complete, has already required hundreds of billions in taxpayer commitments.

If the Treasury is ever to replenish its coffers, increased tax receipts will be sorely needed. But these inflows could be reduced if an unusual tax-avoidance transaction — set up to allow losses at one company to offset profits at another — gains acceptance throughout corporate America.

Webmaster's Commentary: 

This here corporation is losing a lot of money ... if some multi-national needs a loss. :)

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