from
Front Page magazine comes a great article on Howard Dean and "Dead Peasants Insurance"
bq. Those six "Dead Peasant Insurance" states are Delaware, Georgia, New Jersey, North Carolina, Pennsylvania – and Vermont!
bq. That’s right, Vermont, where Democratic presidential frontrunner Howard Dean ruled from August 1991 until January 2003 as Governor.
bq. When he stepped down, Mr. Dean ordered his gubernatorial records of private meetings and secret agreements put under seal for much longer than the customary time to make it as hard as possible for reporters and political rivals to dig out what special interest dirt Dean wallowed in.
bq. The Boston Globe has deduced at least one of the areas Dean may have hoped to cover up about his back room deals as Governor. It reported on December 12 that Dean was up to his eyeballs in trying to lure "captive" insurance companies, subsidiaries of larger corporations used to insure their mother company, to "overtake Bermuda" and make Vermont the "world’s largest" haven for these enterprises.
bq. Such "captive" insurance companies, sniffed John Benson of the Left-of-center New Republic magazine, are "essentially a way to shield corporate profits…." Or as Benson and the Boston Globe quoted one University of Connecticut law school professor: "Dean apparently has no problems with tax havens as long as they are in the state of Vermont."
Read the rest for explanation and more info...
Posted by DaveH at December 23, 2003 1:30 PM