Ooohhh!! Obama says "banks locate to Delaware to avoid regulation."

[muntrv]

Slap in the face of Biden?

[RayOfHope]

1. edited because I was ignorant of some facts. sorry! n/t

[More_liberal_than_mo]

4. Biden doesn't set regulations

for the state of Delaware. That's a function of that state's legislature.

[RayOfHope]

6. I was just made aware of that on another thread. Thanks for letting me know, I'll edit n/t

[depakid]

2. South Dakota was the answer

He just missed it- cause he was honest.

[Sheepshank]

3. I don't think so

Delaware has favorable corporate taxes (as does Nevada) that encourage all sorts of out of state companies (including banks), to incorporate within that State. It's a known fact.

[Orrex]

5. Delaware Corporations

http://www.wisegeek.com/what-is-a-delaware-corporation.htm

[madinmaryland]

7. Well, it's all about the toll booths.

:hide:

[Orrex]

9. Did I see you at the Olive Garden in Dover?

You were breast-feeding, IIRC.

[madinmaryland]

10. Corn flakes only as breading with boxed wine.

[Justitia]

8. He DID NOT say "to avoid regulation", he said conditions are favorable for them there - big differen

big difference.