[bratticus]

Is Swiss banking secrecy good or bad?

[Ferretlover]

I don't know if it is good or bad (how are the Cayman banks doing?); Bet this will be a big surprise for people.
Wasn't there, at one time, a big stink about Swiss banks and Nazi plunder?

[bratticus]

$this->bbcode_second_pass_quote('Ferretlover', ' ')(how are the Cayman banks doing?)

[pedalling_faster]

"started last year to close cash accounts of U.S. clients holding less than 50,000 Swiss francs"

someone check me on this. it sounds like it's cracking down on clients with less than 50K Swiss francs.

does this mean it's letting the wealthier account holders continue enjoying their offshore accounts ?

an odd form of crackdown, if they are cracking down on the "middle class" clients but not the wealthier ones with bigger accounts.

[ColossalContrarian]

$this->bbcode_second_pass_quote('pedalling_faster', '"')started last year to close cash accounts of U.S. clients holding less than 50,000 Swiss francs"
someone check me on this. it sounds like it's cracking down on clients with less than 50K Swiss francs.
does this mean it's letting the wealthier account holders continue enjoying their offshore accounts ?
an odd form of crackdown, if they are cracking down on the "middle class" clients but not the wealthier ones with bigger accounts.