Financial Services Report - Volume 10. No 1 - Spring 2011


In this issue: Beltway Report; Operations Report; Plastic Report; Mortgage Report; Privacy Report; Arbitration Report; and Preemption Report.

Consider this Editor’s Note your amuse bouche. We start you off with a confection that didn’t exist three months ago when we last broke bread: “Pension envy.” Go ahead and weep, but don’t expect another diatribe about California corrections officers retiring at age 55 and drawing $135,000 a year, with COLA. No, we are talking about former heads of state denied access to the Swiss bank accounts that would see them through their sunset years.

It’s one thing to be toppled by a mass of mutineers. That risk goes hand in glove with personal militias and private Beyonce concerts. But getting one’s assets frozen by Jürgen is so unexpected (unmöglich!) and so…so un-Swiss. What’s worse, the market for places of exile has tightened. Thirty years ago, Idi Amin found safe haven in Libya and Saudi Arabia, where he lived happily ever after. Scotch that now. Blame the baby boom.

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