Bermuda got some unwanted publicity recently when Barack Obama’s campaign released an ad accusing John McCain of being on the side of tax-dodging Bermuda-based US companies.

Chamber of Commerce president Philip Barnett said: "Senator Obama's campaign has taken Bermuda's extremely complex and mutually beneficial position as an offshore centre of International Business, and attempted to package it up into a 30-second attack on the premise that Bermuda's domiciled international businesses are 'hiding profits' by being located here.

"Sadly it is utterly misleading, as one of the benefits of Bermuda becoming to a certain extent the 'World Risk Capital' is that your average Joe and Mary Smith, perhaps in Galveston, Texas, might be able to secure property insurance, and at a reasonable price, in the aftermath of a major hurricane."

What do you think?