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Joshua Kennon
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Daily Archives: October 30, 2012

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Charitable Remainder Trust Fund Diagram By Joshua Kennon

Charitable Remainder Trusts for Beginners

Trust FundsBy Joshua KennonOctober 30, 201217 Comments

The past day or so, some prominent bloggers have been attacking Mitt Romney for using something known as a charitable remainder trust as a way to lower his tax bill.  As someone who is voting for President Obama, let me tell you flatly: This is nonsense.  The people demonizing Mitt Romney for his use of…

Pictet and Cie Bank

If Our Banks Were Structured Like Pictet & Cie, The Banking Crisis Wouldn’t Have Happened

BankingBy Joshua KennonOctober 30, 20124 Comments

In Switzerland, there is a 207 year old private bank called Pictet & Cie that caters to the the richest of the rich. It has total assets under management of of 373 billion Swiss francs, or just shy of $400 billion in United States terms. 

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