[sphinx]

If Obama had ever run a business, even so much as a lemonade stand when he was ten, he might understand that an international company will have bank accounts in every country in which it does business because it has to run payroll, pay vendors, deposit receipts and pay taxes in the local currency and local jurisdiction.

But that probably wasn't covered in Barry's law school courses, and it's way over his head analytically.

[snarkytart]

If Obama had ever run a business, even so much as a lemonade stand when he was ten, he might understand that an international company will have bank accounts in every country in which it does business because it has to run payroll, pay vendors, deposit receipts and pay taxes in the local currency and local jurisdiction.
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Exactly!