Clearing the FOG on the Shadow World of Finance

The release of the 'Panama Papers' reveal the secret world of shell companies used by the rich to hide their wealth and avoid paying taxes on it. While it appears that the release of information was intended as a tool to demonize Russian President Vladimir Putin, it has backfired and instead led to a probing of who in the US is involved in this type of scheme. McClatchy News is publishing investigative pieces revealing the same activity taking place in states such as Nevada and Wyoming. The list of people involved connects directly to government figures such as US Secretary of Commerce Penny Pritzker. It has also led to massive upheaval in Iceland where protesters are calling for the resignation of the government and new elections. We explore what's going on with James Henry of the Tax Justice Network and Chuck Collins of the Institute for Policy Studies. For more information, visit www.ClearingtheFOGRadio.org.