Pity
the Poor Rich »
Posted By populist
5 months, 2 weeks ago
in Political Opinion
And thus do people turn to the Swiss once again, as they see their own governments sharpening their knives and tightening their borders. In order to preserve its role as a protector of foreigners’ money, Switzerland has been forced to resist these measures. Major Swiss banks, for example, announced that they would no longer be available to American clients. Too much paperwork; too much disclosure. And since Swiss law prevents bankers from divulging details of their clients’ accounts, the Swiss are in a jam. If they failed to report to the United States, they’d be breaking US law. If they did report to the US, they’d be breaking Swiss law.
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populist
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