Skip to main content

You really need to read The British Virgin Islands’ Box 438: The Best-Connected, Tax-Friendliest Address in the World?, which is  a sidebar to the Vanity Fair story on Romney & Bain, itself featured in a heavily recommended diary.

This is about more than Romney.  It is about the interlocking nature of financial elites.

For example, here are the first 3 (of 7) examples of important people from around the world who seem to use that box:

1.  S.E.C. records indicate that Box 438 has been used by North American Resources Group Limited, a major shareholder in Harken Energy, the Texas company that purchased President George W. Bush’s failing oil-drilling venture in the 1980s, making him a wealthy man.

2.  In 1997, according to real-estate records and the corporate database of the Wyoming secretary of state’s office, Dick Cheney’s wife, Lynne, bought their family home in Jackson, Wyoming, from a Box 438 entity, which had bought it from the director of a Box 438 entity, who had bought it from another Box 438 entity.

3. Scottish Rugby star Bill Gammell’s CEH Australia Ltd., an oil-and-gas company, has used Box 438. Sir Bill, who counts Tony Blair and George W. as friends, was once married to Geraldine Gammell, who directed Prince Charles’s Trust in Scotland.

Look again at the 2nd item  -  Lynne Cheney bought the family home in Jackson Hole (which became Dick's "legal address" when he ran for VP along side Texan George Bush, from the 3rd of 3 consecutive Box 438 entities.

Just thought this was worthy of a little attention.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site