Tuesday, November 27, 2012

America has NO Right to enter Foreign Banks.

After the reading the article on, http://www.swissinfo.ch/eng/business/Pictet_joins_list_of_banks_investigated_by_US.html?cid=34043140&rss=true, the story didn't pass from the forefront of my mind.

Perched in my thoughts was an undercurrent "how dare you" regarding America and their arms length power over the banks of the world.  I wrote about FATCA before, yet still after countless attempts by rebels alike, nothing has been able to quell the truth.  International banks have bowed down to the U.S. who have no rights to intrude into their business because of capitalism.

That's right.  Capitalism.  America is supposed to be the forerunner of the best example of capitalism.  However, the mere fact banks in Germany, Switzerland, and elsewhere allowed the U.S. to send probing teams into their banks was down to their greed.  Those banks wanted to keep the benefits of being tied to America, or bottom line, money in their pockets.  The risk of having an investigation paled in comparison to the thought of losing future capital from the good old U.S. of A.



Leadership