Flopper
Diamond Member
There's nothing wrong with using offshore accounts, unless you happen to be a presidential candidate. Many offshore accounts offer tax free interest and reduced taxes on investments in their country. However, most Americans see offshore accounts such as the Cayman, as a place to hide financial transaction from the authorities. The media has done a good job of convincing Americans that these accounts are for people that have things to hide. This is just more baggage Romney will be carrying into the general election.Romney Parks Millions in Cayman Islands - ABC News
This alarms me a bit. I'm sure further investigation will follow but this causes me a few red flags.
We gotta make damn sure our nominee is FULLY vetted. We don't need any October surprises to cost us the election.
There are plenty of Reasons to put your money in Banks other than the US, Other than Illegal ones. Better Interest rates, A Hedge Against some kind of Bank Problem in the US, Etc.
when you have a shit ton of Cash, you don't just stick it in one bank, or even just one Country.