Citi-group and Bank of America operate many branch offices in tax havens. The use of tax havens deprives the state of $100 billion annually. "These tax havens accelerate the transfer of assets from local communities and the global South to the bank accounts of the richest and most powerful of the planet."
In July 2011, Adbusters put out a call to redeemers, rebels and revolutionaries to occupy Wall Street on Saturday, September 17, 2011.
States bail out banks and banks lend money back to states. Speculators could become servants. States must abandon the failed models of trickle down corporate tax relief and help those caught under the wheel.