It takes a thief to catch a thief...

Back in the day, Old Joe Kennedy was tasked with forming the SEC, under the sound reasoning that the most flagrant abuser of the system, would likely know all the loopholes and dodges. Today, renowned tax cheat Tim Geithner announced the following,

WASHINGTON (AP) - President Barack Obama's Treasury secretary says the administration will unveil a series of rules and measures in the coming months to limit the ability of international companies to avoid U.S. taxes.
Treasury Secretary Timothy Geithner told the House Ways and Means Committee on Tuesday that Obama will propose legislation to limit U.S. companies' ability to shelter foreign earnings from taxation in the U.S. He also said the administration will try to limit wealthy Americans' ability to use tax havens to avoid taxation.
He did not immediately provide details.

You cannot make this stuff up.