What can you tell me the pros and conns of Swiss bank acounts?
It is not a “criminal” bank. Carl Levin wants votes by bashing other banking systems — a lot of people think you have to be “rich” to bank with the Swiss banks, and it gets votes to build resentment of anyone who “has more than I do.” Errant nonsense, but some people are stupid enough to fall for this sort of politicking. Actually Carl Levin, et al, have absolutely no facts to back up their erroneous assumptions. Do not fall for that emotional claptrap. There is, in fact, absolutely no evidence that American holders of Swiss bank accounts have failed to pay a cent of US taxes that were legally due. Now, why do people really bank at a Swiss bank? Swiss regulations demand that banks keep more cash on hand in relation to deposits. This means Swiss banks have less leverage, less debt. Your money deposited in a Swiss bank is much safer than it is in any US bank. And I mean “any”! Swiss banks offer better investment advice. They have access to more types of investments. You can diversify yo
