Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

? asked in Politics & GovernmentPolitics · 9 years ago

Can Mitt Romney supporters tell me why he needs a bank account in Cayman Island and Switzerland?

What is wrong with American banks? We have fine banks right here Mitt!

12 Answers

Relevance
  • ponpon
    Lv 6
    9 years ago
    Favorite Answer

    It qualifies him as having foreign affairs experience.

    Source(s): Liberal me.
  • ?
    Lv 4
    4 years ago

    Cayman Private Bank Account

  • 9 years ago

    Even he knows the bankers use them as their own personal piggy banks. He's smart enough to know you can't trust the American Jewish owned banks.

  • 9 years ago

    It's rather simple, and is the reason he wants to be president, you've answered it yourself. He wants to keep as much of his money as possible. One of (if not the only) clear contrast he offers to Obama is on tax policy, which he is a little more conservative on. He would rather put his money in America.

  • How do you think about the answers? You can sign in to vote the answer.
  • 9 years ago

    If he isn't breaking the law what's the issue? Frankly, your money is just as likely or even safer in a forigen government's back as it is a US bank.

  • wtinc
    Lv 7
    9 years ago

    Many people have accounts in the Cayman can you back up your mouth on the switzerland account because no one else has see that and we have seen his tax records for the last 11 years. That's Bush's fault just Ask Obama he will tell you.

  • Anonymous
    9 years ago

    Why do I bank where I do? Personaal choice

  • donk35
    Lv 6
    9 years ago

    He is just as good as Barney Frank and EX senator Dodd.

  • 9 years ago

    OH Sure , How much have you invested in American banks ! How many Swiss or Cayman banks have had to be bailed out ? US clients who wish to deposit or invest a minimum of $1,000,000 USD we recommend using our affiliated Swiss Private Bank with Swiss Bank Services. They offer a wealth of experience and first class services for more information contact Swiss Bank Services who will put you in direct contact with a Swiss Private Banker who will inform you of process and the legal requirements invlolved. The service is also available for "non-US citizens worldwide", contact Swiss Bank Services for more information.****No Bogeyman here for you lib boy !!!****

    We work with a Swiss private bank that can put together a Tax vehicle for you. They can also help with "asset protection" and "wealth management". Cayman Banking..NO SECRETS HERE EITHER . It`s no one`s fault that you don`t have a clue how a swiss bank account , or Cayman Is. bank account works !!

    ****Throughout the international financial community, the Cayman Islands is recognized as a sophisticated, mature and diverse financial centre. As a premier financial services jurisdiction, Cayman attracts the world's leading accounting, legal and investment firms, and the banking industry remains a cornerstone of Cayman's success..Currently, there are just under **600 banks and trust companies in The Cayman Islands, including 43 of the 50 largest banks in the world.** Adherence to the regulatory standards of the Basle Committee on Banking Supervision is fundamental to the regulatory approach, and the Cayman Islands is an active member of the Basle Committee's Offshore Group of Bank Supervisors. In addition, there exists a unique combination of stability, innovative legislation, commercial strength, Government support, and the absence of corporate, capital gains, income, payroll and withholding taxes, on domestic or foreign entities.

    Banks subscribe to the "know your client" tenet, and the Cayman Islands as a jurisdiction maintains a robust anti-money laundering regime which extends to the proceeds of all serious crime as defined under the 'gateway' legislation...Cayman Islands welcome only substantial, recognized, well run banks and, as a result, banks with household names from all corners of the globe are taking advantage of Cayman's modern facilities to conduct international business. These banks are licensed under the Banks & Trust Companies Law (2001 Revision)...Cayman offers a full range of banking products for local and nonresident clients...Other services readily available include letters of credit, foreign exchange, guarantees, safe custody, commercial loans, and mortgages.

    Swiss Banking Services..Setting up a Swiss Private Bank Account is simple. For High Net Worth Individuals wishing to deposit or invest $300,000 USD or more contact Swiss Private Bank.com to speak to Swiss Private Banker, please feel free to ask about any of their services you are unsure about such as:..Wealth Management..Investment Solutions..Trust Formations..Tax Solutions..Inheritance Planning..Asset Protection Services..Swiss Bank Account..Anonymity

    Debit Cards..Credit cards .Alternatively, email swissprivatebank.com or complete a consultation form...An appropriate expert from swissprivatebank.com can render a general introduction to their services via telephone and then offer to meet you wherever it is convenient for you, in one of their banks in Switzerland, in one of their professional offices around the world.

    If you would like to utilise the benefits of a Cayman bank account then a Swiss Private Bank account offers the benefits of an offshore private bank account with extra features and security. Click here to be redirected to swissprivatebank.com for ....If you have over $300,000 and would like your assets protected click here for free expert advice. Upon completion of our appointment request form, our private banking experts will endevour to open a private bank account for you as soon as possible...Swiss Private Bank .com offer:- Offshore Banking- Private Offshore Bank Account- Trust Formation- Family Office- Wealth Management- Asset Protection Trust- Investment Strategies

    - Wealth Protection..We are part of a multinational Offshore Services Group offering offshore and private banking services. We strongly believe in a strong client relationship. You can rest assured that to us you are not just a number, we believe in the traditional banking values of service and the personal touch...We are agents for some of the worlds biggest private banks, whose clients include; Royalty, Governments, Celebrities and high profile Politicians. .Private banking offers you professional wealth management and asset protection expertise, our private bankers will also design and build a custom tax vehicle to suit your banking needs. If you have more than $300,000 US to deposit click here for a private banking consultation.

    Source(s): ..Aside from being agents for one of the Cayman Islands Biggest Private Banks, we also offer the following services: offshore bank account, offshore banking, asset protection, wealth management, investment banking, asset protection trust. We can put together an offshore financial vehicle to suit your personal or business needs. Our aim is to bring you together with our Cayman Private Bank and introduce you to the best Private Bankers. Here are some of the other services on offer from our Cayman Private Bank...Cayman Banking Services offers...Tax Consultations-Wealth Planning-Inheritance Planning-Investment Solutions-Family Office-One to one Service-Trust Formation-Asset Protection-Wealth Management We also offer the same financial services from the tax havens financial centres listed below...The Bahamas..British Virgin Isles..Canada..Dubai..Gibraltar..Channel Islands..Liechtenstein..Luxembourg..Monaco..Switzerland.. Isle of Man
  • ?
    Lv 7
    9 years ago

    Overseas banks and business require them as they are guaranteed.

    But if you were intelligent you would know Romney has neither.

Still have questions? Get your answers by asking now.