Romney's Swiss bank account

[Ian62]

As Romney's Swiss bank account was in Swiss Fuestions can be asked.
Does Romney not have confidence in the US Dollar?
Does he even have confidence in America?
U get the drift.

Blind trusts r never blind.
From the horse's mouth Back in 1994, when Romney ran for Senate against Sen. Ted Kennedy, Romney knocked Kennedy's blind trusts as "a ruse,"

http://outfront.blogs.cnn.com/2012/01/25/mitt-romneys-potential-political-problem-with-blind-trusts/

[liberal N proud]

1. Funny thinkg about Romney having a Swiss bank account

I have a former boss who is from Switzerland, who now lives in the US.

He told me that he can't even get a Swiss bank account because he has dual citizenship.

There must be enough money in Romeny's accoount that they allow him to deposit there anyway?

[UCmeNdc]

2. Anyone May Open a Swiss Bank Account

Anyone can open a Swiss bank account.

Historically in Switzerland a minimum of Francs 1 million was required to open an account, however, over the last years many private banks have lowered their entry hurdles to Francs 250,000 for private investors.

It might be not possible for your boss to open a Swiss bank account since he holds Dual Swiss and US Citizenship. He may, under Swiss or US laws, have to renounce one country's citizenship in order to open a Swiss bank account. This might be a result of Tax laws. If he makes money as a US citizen and puts it into a Swiss account which country has jurisdiction for Tax purposes? As a Swiss citizen with a Swiss bank account the US will not be able to see the books. Hence, a trade agreement most likely exists that dual citizenship cannot open a bank account in Switzerland.

Romney has that Swiss Bank Account for that very reason. US law cannot open that account and investigate where and how that money came in and goes out.

[Ian62]

3. Swiss bank acct shut

Just to be accurate - Romney's blind trust shut the Swiss bank acct in 2010. New rules on disclosure by Swiss and politically damaging to Romney.

[Ian62]

4. Cayman Islands

Rich peeps are shifting money around as more countries offer up some form of disclosure for taxes.
Ahem I believe Cayman Islands r holding out on this.

U seen the state of affairs in Turk and Caicos Islands?
Romney's money might decide to go there

[Ian62]

5. Ann Romney

Yep - have you seen recent info that Ann Romney also has a blind trust?
Can't remember whether it was $2 or $3m dollars in a Swiss bank account that was undeclared in Mitt's papers. Makes Mitt's $100k chicken feed.