The tmo now does its banking primarily on jersey island. This quote is from an article today in salon.com:
"Over the past several years, however, the trend has gone the other way, with abuse of bank secrecy and the expatriation of investment and profits growing rapidly. On the tiny island of Jersey in the English Channel, for instance, the authorities responded to political pressure from hedge funds, which have placed more than $80 billion in deposits there, by establishing a "zero regulation regime" last year that literally removed all restrictions and reporting on financial transactions." Zero transparency and accountability in financial dealings, wonder why the tmo is there?
