Talking about Swiss Banking Is Finished

 

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Swiss Banking Is Finished
Switzerland’s decision to start playing ball with other governments on issues like tax evasion and the arrest of Roman Polanski has destroyed the country’s reputational capital, which formed the core of its banking system. If you can’t safely park your cash, bearer bonds, gold, and other valuable in Swiss Banks, without a 100% iron-clad guarantee of your security and secrecy, what’s the point?Following the whole UBS fiasco, even citizens of European countries are washing their hands of Swiss Banks

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