Byron Dorgan: “this week there was a full-page advertisement in the magazine Politico. It was actually a letter to me, an open letter…”

“this week there was a full-page advertisement in the magazine Politico. It was actually a letter to me, an open letter to Senator Byron Dorgan, and then it says: ``Setting the Record Straight About the Cayman Islands.'' It is signed by a man named Anthony Travers, chairman of the Cayman Islands Financial Services Association. The letter says: During the recent debate over financial regulatory reform, you-- Meaning me-- perpetuated the myth that the Cayman Islands is a tax secrecy jurisdiction with unbelievably enormous loopholes. Neither of these claims are true. And so on. I thought I would respond to Mr. Travers. I don't know Mr. Travers from a cord of wood, but since he bothered to buy a full-page ad in the newspaper Politico setting me straight, I thought perhaps it would be useful for those who might ever have read this to know the facts. The Cayman Islands is a wonderful place. It has I guess the nicest water I have ever seen; blue-green, beautiful water, beautiful beaches. I don't know much about the Cayman Islands. I have visited there. I know about some of the Cayman Islands from a number of things I have read and seen about their banking system.”