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Switzerland’s second-largest bank, Credit Romandie AG began notifying Oughout. S. clients suspected associated with offshore tax evasion it will comply with IRS request information. They do this prior to sending the information to Oughout. S. authorities giving the particular tax cheats a chance to pull away or transfer funds when they need to.
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What I didn’t expect has been how dogged they would become! Now I get phone calls through my broker every now and then along with tips on the stock to buy. The one thing I didn’t realize initially is that stock brokers create nearly 100% of their earnings off of commissions.
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Lehman Brothers, the biggest stock brokerage firm in the country, has just submitted for bankruptcy, and are also requesting federal help in bailing all of them out. This will mean improved taxes for us and will possess a devastating effect on everyone that had investments with Lehman Brothers, whether privately or even through a 401K.
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