https://www.icij.org/investigations/pandora-papers/global-investigation-tax-havens-offshore/

  • twitter [any]
    ·
    edit-2
    3 years ago

    No one's ever written it all down in one place because like I said, South Dakota is basically invisible to the national news, and the state news is full of bootlickers. A lot of the financial fuckery that's coming to light now began with Governor Janklow teaming up with Citibank in the 80s to provide a deregulated haven for the credit card industry. There is an article in a state paper that covers some of the history, albeit from a deceptively rosy jobs-and-money-and-growth-oh-my perspective: https://www.argusleader.com/story/stu-whitney/2015/04/04/whitney-real-story-behind-citibank/25296111/

    Janklow, coincidentally, also loved killing civilians with cars just like the current AG.

    Looking at the Pandora Papers, it looks like the South Dakota finserv industry went into overdrive trying to attract new clients after places like the Bahamas started coming under public scrutiny.

    Some of the current governor's greatest hits include criminalizing pipeline protests, unilaterally overturning marijuana legalization, loaning the National Guard out as private mercenaries, waging a legislative war against transgender people, and censoring indigenous history from school curriculums.