Oldest Swiss Bank Tells Clients to Sell U.S. Assets or Leave - Polidicks

[quote] “We came to the conclusion that it’s a threat to our clients,” Hummler, who is also president of the Swiss Private Bankers Association, said in an interview yesterday during a conference in Zurich. “It’s also a threat to us as a bank because as a custodian we are an executor to the estate. We find this aspect discomforting, so we recommend selling all American securities whatsoever.” [/quote] [url]http://www.bloomberg.com/apps/news?pid=20601109&sid=aJstU9MVcYSg[/url]

DOW Jones tomorrow: down 4000 points.

Aw fuck.

Blame it on the swiss.

This can't be good.

You neutral bastards! [editline]swiss cheese is good[/editline] [quote][b]Wegelin is finding alternative ways of investing in the U.S. [/b][i][b]that won’t impose reporting requirements[/b][/i] [b]on the bank or tax liabilities on clients[/b], Hummler said. “The good thing is that in today’s world you can build up U.S. exposure in equities and as well in bonds through derivatives and index funds and so on, so we are switching to a European-made American exposure.” [b]Germany and France have also sought to weaken Swiss secrecy laws as they crack down on tax evaders.[/b] [/quote] The swiss should be ashamed of themselves.

assholes

We can take it back by force now that their guards no longer have loaded guns. [url]http://www.facepunch.com/showthread.php?t=803214[/url]

Well you can always store your moneys in the Caymans Just give me your bank account number and sort code and I will have the moneys arranged into a Cayman pot [img]http://i191.photobucket.com/albums/z256/dasiscokid/4203889533a5613998047l.jpg[/img]

goddamn swiss, where'd your neutrality go

[QUOTE=aznz888;17090172]goddamn swiss, where'd your neutrality go[/QUOTE] Money > all

They're trying to help other country 's economy's by doing this, when people put money in Swiss bank accounts they're avoiding being taxed and anything that comes along with having a large sum of money. As much as i believe people should be able to do what they want with money, the Swiss are just trying to help.

Thank god. I have loads of foreign money I want to change to dollars. I hope the dollar drops loads.

[img]http://img7.imageshack.us/img7/4797/msoft.jpg[/img]

[QUOTE=Sharp;17091552][img]http://img7.imageshack.us/img7/4797/msoft.jpg[/img][/QUOTE] Wow I actually lol'd. First time today.

This could start a chain reaction. If countries stop valuing the dollar, then we wouldn't be able to import anything anymore. Canned food, computers, basic commodities, [b]Oil...[/b] everything would skyrocket in price.

[QUOTE=Xystus234;17098227]This could start a chain reaction. If countries stop valuing the dollar, then we wouldn't be able to import anything anymore. Canned food, computers, basic commodities, [b]Oil...[/b] everything would skyrocket in price.[/QUOTE] I normally wipe my ass with :10bux: You want me to sell you my cucumbers for dollars? What a joke

Time to short everything. :D

[QUOTE=tarkio;17090009]Well you can always store your moneys in the Caymans Just give me your bank account number and sort code and I will have the moneys arranged into a Cayman pot [img]http://i191.photobucket.com/albums/z256/dasiscokid/4203889533a5613998047l.jpg[/img][/QUOTE] excuse me sir but there seems to be a pigeon in your bank account

You know the world is coming to an end with the Swiss panic.