http://finance.yahoo.com/news/wealthy-stash-21-trillion-pirate-160830668.html
Wealthy Stash $21 Trillion in Pirate Banks
By Patrick Follow Wed, 25 Jul 2012, 11:32am 561 views 6 comments
In Menlo Park CA 94025
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Sounds like sensationalism.
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How is BofA not a pirate bank?
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So how are these Pirate Banks any different than Swiss Banks?
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If the US had a tax friendly policy, along with privacy, we would be flooded with Trillions of dollars from citizens of other countries, while keeping our own citizens funds in our own banks, right here in America. Just like Switzerland had for hundreds of years - prior to the relentless attacks by the American IRS stormtroopers.
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Good timing...election year and down to a few months. Funny thing is many were actually celebrating online banking vs brick and mortar for a few years before the recession hit, if thats what the writer is talking about..
"Pirate banks" form a large and fast-growing virtual banking system that has helped the wealthy hide more than $21 trillion offshore, according to a new report from the left-leaning Tax Justice Network USA"