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Old 07-11-2012, 02:18 AM
 
Location: Tennessee
36,910 posts, read 38,354,731 times
Reputation: 58782

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"Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past."

Dem. Chair Invested in Swiss Banks, Foreign Drug Companies, and the State Bank of India | The Weekly Standard

Well at least she updated her hairdo from that 1980s one she had.
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Old 07-11-2012, 04:56 AM
 
Location: NJ
21,093 posts, read 15,006,354 times
Reputation: 15252
Nothing illegal about a swiss banking account and any US citizen can open one online. Protects funds from law suits, divroces, theft. Do a search to get started on setting up your own account. Read the advantages but be careful, the Swiss do not tolerate and hint of criminal activity.

DWS has engaged in the 'ostrich strategy' which works in conjunction with the propagandist news media to allow position reversal, intentionally misleading statements and hypocracy to be ignored when incurred by Obama supporters.

"There are no US restrictions on having Swiss bank accounts, but current IRS regulations require you tell them what foreign accounts you have when you file your annual income tax return. If you answer yes, the Internal Revenue Service requires more paperwork.
Interest earned in a foreign account is still taxable under present US Tax laws, but you usually get to offset foreign taxes that you may be required to pay. Consult with a tax expert to learn what present regulations are since they change frequently and are beyond the scope of this report."
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Old 07-11-2012, 05:16 AM
Status: "Ubjivin" (set 5 days ago)
 
25,364 posts, read 13,515,172 times
Reputation: 17072
Quote:
Originally Posted by LauraC View Post
"Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India. This revelation comes mere days after the Democratic chair attacked presumptive Republican presidential candidate Mitt Romney for holding money in Swiss bank accounts in the past."

Dem. Chair Invested in Swiss Banks, Foreign Drug Companies, and the State Bank of India | The Weekly Standard

Well at least she updated her hairdo from that 1980s one she had.
Awful voice, wouldnt doubt if she use to be a he (not that there's anything wrong with that) She kind of reminds me of chewed up dirty bubblegum stuck to a tire, you're like where the *% did this *%*come from
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Old 07-11-2012, 05:17 AM
Status: "Smash Communism" (set 5 hours ago)
 
Location: Metro Detroit, Michigan
24,249 posts, read 20,086,061 times
Reputation: 24102
Here we go again

There are enough bad things to say about people like this. Threads like this though simply serve to knock down the credibility of those making the argument. There is nothing illegal or questionable about what she did in this instance. Sorry.
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Old 07-11-2012, 05:31 AM
 
9,618 posts, read 5,643,935 times
Reputation: 3882
This sort of do as I say - Ms W-Schultz - not as I do, is why I have said in other threads jumping on Gov Romney's income sources and investment choices, that they are just so much political b--lsh-t charges. At different income levels, different investment vehicles and choices become available. It is simply the way the world works.

What is wrong with the success ladder offering more choices, the higher you climb. Not any different than the choices you find in a Subway, or McDonalds, compared to a Four Star, Michelin rated restaurant.

We really don't want a flat world where we are all the same. Only the totalitarian leaders would be different.
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Old 07-11-2012, 05:40 AM
 
Location: Long Island, NY
19,792 posts, read 13,254,397 times
Reputation: 5661
From the OP's article:
Quote:
Wasserman Schultz invested between $1,001-$15,000 in a 401k retirement fund run by Davis Financial Fund. As the fund discloses, it is invested in the Julius Baer Group Ltd. and the State Bank of India GDR Ltd., as well as other financial, insurance, bank institutions.
The big revelation is that a puny amount of money was invested in a mutual fund and that fund had investments in foreign banks.

I have a 401K and I have no idea where the fund invests.


This is the big scandal, $15,000 in a 401K that she didn't direct, had overseas investments? The right-wing is grasping at straws trying to find equivalence to Romney's millions that he stashed overseas and this is the best they can do.
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Old 07-11-2012, 05:41 AM
 
5,113 posts, read 5,605,425 times
Reputation: 1746
Quote:
Originally Posted by saltine View Post
Awful voice, wouldnt doubt if she use to be a he (not that there's anything wrong with that) She kind of reminds me of chewed up dirty bubblegum stuck to a tire, you're like where the *% did this *%*come from
Bill Maher in drag ... (not that there's anything wrong with that)
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Old 07-11-2012, 05:45 AM
 
1,698 posts, read 1,726,452 times
Reputation: 767
Quote:
Originally Posted by MTAtech View Post
From the OP's article:
The big revelation is that a puny amount of money was invested in a mutual fund and that fund had investments in foreign banks.

I have a 401K and I have no idea where the fund invests.


This is the big scandal, $15,000 in a 401K that she didn't direct, had overseas investments? The right-wing is grasping at straws trying to find equivalence to Romney's millions that he stashed overseas and this is the best they can do.
This is the third time someone has put this thread up in an attempt to revive this issue, and now, time for it to die again. Sorry guys, once you pop a balloon, no amount of hot air is going to inflate it again.
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Old 07-11-2012, 05:56 AM
 
Location: Long Island
50,819 posts, read 21,367,484 times
Reputation: 12818
The title is misleading, she didn't invested in foreign accounts through investment funds, she didn't have a bank account in Switzerland or set up a private accounts in the Caymen Islands. What percentage of the investment fund was in forgeing investments, .001%?
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Old 07-11-2012, 06:15 AM
 
Location: Texas State Fair
8,563 posts, read 10,724,814 times
Reputation: 4256
Quote:
Originally Posted by Kracer View Post
Nothing illegal about a swiss banking account and any US citizen can open one online. Protects funds from law suits, divroces, theft. Do a search to get started on setting up your own account. Read the advantages but be careful, the Swiss do not tolerate and hint of criminal activity.

DWS has engaged in the 'ostrich strategy' which works in conjunction with the propagandist news media to allow position reversal, intentionally misleading statements and hypocracy to be ignored when incurred by Obama supporters.

"There are no US restrictions on having Swiss bank accounts, but current IRS regulations require you tell them what foreign accounts you have when you file your annual income tax return. If you answer yes, the Internal Revenue Service requires more paperwork.
Interest earned in a foreign account is still taxable under present US Tax laws, but you usually get to offset foreign taxes that you may be required to pay. Consult with a tax expert to learn what present regulations are since they change frequently and are beyond the scope of this report."
For her usual constituent target she appears to be on to something and they appreciate her informing them as to the evil practices of the Mittness. Thus exposing their ignorance as to the facts.

To those informed, she's just a hypocrite... or very ignorant as to the whereabouts of her own assets.

And seems she should release her own tax records before criticizing Romney for not releasing his. Or, if she's going to hide behind regulations then she doesn't need to revise them for someone else.
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