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To: David
Banks in many offshore countries will no longer open accounts for US Citizens who don't have a second passport

What???? I never heard of such a thing, but that doesn't mean that it is not true. As I remember, that is why I wanted my mother to claim an Irish pssport so that I could get one too. That privilege does not extend to GREAT grandchildren. But she wasn't interested at the time, and I doubt that I could interest her now. She's 96. Actually "wasn't interested" is a mild description. She was downright hostile! LOL

Why does an offshore bank want to be sure that a US Citizen has another passport? So that the US citizen can quickly escape the US for some reason?

Where does that put US Citizens who routinely work overseas? Now my mind is spinning crazily...LOL

8,634 posted on 08/11/2009 7:41:25 AM PDT by afraidfortherepublic
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To: afraidfortherepublic
Banks in many offshore countries will no longer open accounts for US Citizens who don't have a second passport What???? I never heard of such a thing, but that doesn't mean that it is not true. As I remember, that is why I wanted my mother to claim an Irish pssport so that I could get one too. That privilege does not extend to GREAT grandchildren. But she wasn't interested at the time, and I doubt that I could interest her now. She's 96. Actually "wasn't interested" is a mild description. She was downright hostile! LOL Why does an offshore bank want to be sure that a US Citizen has another passport? So that the US citizen can quickly escape the US for some reason? Where does that put US Citizens who routinely work overseas? Now my mind is spinning crazily...LOL

The bank comment is a one to one fact in my business life currently. Investors are attempting to move liquid assets out of the US and are having difficulty doing so because of lack of cooperation from the offshore banks.

What I don't get about the great grandchildren is this--if the grandson gets the passport, why doesn't his kid then get it as his child? Or does he? I suppose what you are saying is that you, as a greatgrandchild can't get one direct; if your mother had, you would have also.

8,656 posted on 08/11/2009 10:29:10 AM PDT by David (...)
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