Kent Conrad: “First of all, in answering the question of the Senator, I would say what you find is quite stunning. We went on the…”

“First of all, in answering the question of the Senator, I would say what you find is quite stunning. We went on the Internet, I would say to my colleague--first of all, I thank him because the picture of this building down in the Cayman Islands came from him. I have used it repeatedly because it tells such a powerful story: 12,748 companies that call this little building home. We know what is going on. It is a giant scam. I would say to the Senator, we went on the Internet and we entered in ``offshore tax planning.'' Do you know how many hits you get if you enter in that phrase? You get 1.2 million hits. Here is my favorite. If you go online and you look at what is on the Internet----”