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Switzerland objects to portrayal as a tax haven in Obama ads
The Obama campaign's ads against Mitt Romney's foreign holdings have rubbed the government of Switzerland the wrong way.
Swiss embassy spokeswoman Salome Ramseier says that it "has communicated with the Obama campaign headquarters to object to the ads giving the impression that simply having a Swiss bank account means that the accountholder is trying to hide money from the IRS."
One of President Obama’s largest financial backers is a key executive at the largest Swiss bank in the world, complicating his criticism of presumptive Republican nominee Mitt Romney.
President Barack Obama’s embattled Swiss banker bundler and frequent golf companion has parted ways with UBS.
Robert Wolf, an executive at Switzerland’s largest bank, came under fire from executives when his $500,000 fundraising efforts on behalf of Obama came to light in June. He announced his departure in an email to friends and colleagues on Thursday.
What’s pale yellow, riddled with holes and not very sharp? President Barack Obama’s renewed class-warfare attack on GOP opponent Mitt Romne
According to The Hollywood Reporter, Clooney will entertain 150 European elites at a swanky Swiss reception, “which will be followed by a more intimate — and expensive — dinner at which the star will be the guest of honor. Tickets for the latter event will go for $20,000 for singles and $30,000 for couples.” As Reuters reported at the time, Clooney spearheaded a similar event in Geneva, “one of the world’s most affluent cities,” in 2008. “Some 170 contributors paid $1,000 a head to hear him speak at a cocktail party held at a museum in Geneva’s Old Town.
Originally posted by Flatfish
Robert Wolf is leaving the bank because of a disagreement in their political policies. Or as it may be, he was fired from UBS due to political conflicts with the
Swiss banking giant UBS is seeking to rein in Robert Wolf, a top executive with the firm in New York and one of President Barack Obama’s leading fund-raisers, following a series of press interviews and a splashy Wall Street Journal article earlier this year that called him ``A ‘Fat Cat’ with the President’s Ear.”
The bank’s executive board in Zurich recently ordered Wolf to report all media inquiries to the company’s press office and to keep corporate communications ``informed’’ of his activities outside UBS, the New York Times reported, citing people familiar with the situation. Most interview requests have since been denied, it said.
The restrictions are unlikely to directly affect Wolf’s fundraising activities, even though he will likely be forced to maintain a lower profile, the Times said.
Mr. Wolf has enjoyed his status as a prominent defender of the Obama administration and a top-ranking fund-raiser. He has garnered more than $500,000 to re-elect the president this year, and regularly plays golf and vacations with Mr. Obama on Martha’s Vineyard.dealbook.nytimes.com...
Originally posted by Flatfish
reply to post by burntheships
And so your point is what? According to what Iv'e read here so far, Obama has the ear of a prominent banker, not the bank itself.
Originally posted by burntheships
Oh really? Need you a schooling on the power of corrupt banking execs?
Hmmm ok. I'll bite.
Lets see who is this here with Obama?
John Corzine. You do know who John Corzine is right?
So, how is it he has managed to escape prosecution?
Confessions of an economic hitman.
www.amazon.com...
Corzine will be rewarded, just as Wolf.
Wolf was not fired, lol. Watch the video above, he was rewarded also.
Originally posted by Flatfish
Not sure what your point is?
Originally posted by burntheships
You keep saying that.
I think its clear my point is that Obama is a hypocrite.
He is just as gulity of having his hands in the pot as the next guy.
And Corzine, yeah he ripped off the American People to the tune of 1.6 billion...
peterlbrandt.com...
Originally posted by Flatfish
That's why we have courts, judges and juries.