Reply to Liberal Hypocrisy: DNC Chair Debbie Wasserman Schultz also has foreign accounts and swiss bank

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Reply to "Liberal Hypocrisy: DNC Chair Debbie Wasserman Schultz also has foreign accounts and swiss bank"

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[quote=Anonymous][quote=jsteele][b]Is there one conservative left on earth that is capable of reading and analysis?[/b] If so, that individual has not made himself known around here lately.

Wasserman Schultz invested in a US-based 401K retirement fund. That fund made foreign investments. Indeed, along with investments into American Express, Loews Corporation, and Progressive Corporation, it invested 5% of its funds in a Swiss banking group. That is not a "Swiss bank account." That is ownership of shares of a Swiss bank. Do you not understand the difference?

Moreover, these are most definitely not "direct investment in foreign accounts". Do you even know what "direct" means?

Just to clarify:

Direct investment = take your money and place it in foreign account.

Indirect investment = invest in US fund which in turn makes foreign investments. I would guess that most of us have done this with our retirement funds.

The only thing to LOL about here is the stupidity of the average Republican.

[/quote]

I think the wingnuts have all taken pledges promising not to do this.[/quote]

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