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Wealthy Stash $21 Trillion in Pirate Banks


By Patrick   Follow   Wed, 25 Jul 2012, 11:32am   561 views   6 comments
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http://finance.yahoo.com/news/wealthy-stash-21-trillion-pirate-160830668.html

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  1. Peter P


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    1   11:34am Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected  

    Sounds like sensationalism.

  2. PockyClipsNow


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    2   11:47am Wed 25 Jul 2012   Share   Quote   Permalink   Like (1)   Dislike (1)  

    How is BofA not a pirate bank?

  3. freak80


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    3   11:54am Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike   Protected  

    So how are these Pirate Banks any different than Swiss Banks?

  4. CaptainShuddup


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    4   12:10pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike (2)  

    Yo ho, yo ho, a pirate's life for me

    We pillage, we plunder, we rifle and loot
    Drink up me hearties, yo ho
    We kidnap and ravage and don't give a hoot
    Drink up me hearties, yo ho

    Yo ho, yo ho, a pirate's life for me

    We extort, we pilfer, we filch and sack
    Drink up me hearties, yo ho
    Maraud and embezzle and even high-jack
    Drink up me hearties yo ho

    Yo ho, yo ho, a pirate's life for me

    We kindle and char, inflame and ignite
    Drink up me hearties, yo ho
    We burn up the city, we're really a fright
    Drink up me hearties, yo ho

    We're rascals, scoundrels, villains, and knaves
    Drink up me hearties, yo ho
    We're devils and black sheep, really bad eggs
    Drink up me hearties, yo ho

    Yo ho, yo ho, a pirate's life for me

    We're beggars and blighters and ne'er do-well cads
    Drink up me hearties, yo ho
    Aye, but we're loved by our mommies and dads
    Drink up me hearties, yo ho

  5. Honest Abe


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    5   4:11pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)  

    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.

  6. thomaswong.1986


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    6   4:40pm Wed 25 Jul 2012   Share   Quote   Permalink   Like   Dislike (1)  

    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"

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