The Suddenly Notorious Lawyers of the Panama Papers

The transcript covers an interview with Blake Schmidt discussing the controversial law firm Mossack Fonseca, known for creating offshore companies. The discussion includes the firm's business operations, the background of its partners, and Panama's role as a tax haven. The interview highlights the firm's involvement in various scandals and the political tensions surrounding one of its partners, Ramon Fonseca.

What was the primary reason for Blake Schmidt's interview with Mossack Fonseca?

• To investigate their legal services

• To understand their asset management strategies

• To explore their business of creating offshore companies

• To discuss their involvement in local politics

What is the main business activity of Mossack Fonseca?

• Advising political figures

• Incorporating offshore companies

• Managing assets

• Providing legal services

Who are the two partners of Mossack Fonseca mentioned in the transcript?

• Juan Carlos Varela and Blake Schmidt

• Blake Schmidt and Betty

• Ramon Fonseca and Juan Carlos Varela

• Jurgen Mossack and Ramon Fonseca

What historical event contributed to Panama becoming a hub for offshore company creation?

• The involvement of the UN in Panama

• The establishment of Mossack Fonseca in the 1980s

• The political activities of Ramon Fonseca

• The adaptation of local laws to Delaware's requirements

How does the Tax Justice Network rank the US compared to Panama in terms of being a secrecy jurisdiction?

• Panama is not ranked by the Tax Justice Network

• The US and Panama are ranked equally

• The US is ranked higher than Panama

• The US is ranked lower than Panama