having a swiss bank account is different than having invest in the swiss banks if you have a 401(k) or money manager they may put it in swiss bank. that's one thing. if you put money in swiss bank account, you do it for a reason. i don't know what the reason is. >> bob: hedging against the american dollar. >> dana: nice talking point. >> eric: the issue is you are riding it from the i.r.s. for a reason. i don't know what -- >> dana: is it hiding or is it legal putting your money in smart place? >> eric: it's hiding because the swiss do not report to the u.s. i.r.s. there is a reason to do it. i can't figure out -- >> bob: romney's ira is $200,000 a year. it makes him 1,000 years old. how to get ira -- >> dana: are you saying there is something illegal? >> bob: yes. $102 billion in ira. >> dana: take it away. wake up. >> greg: sorry. mitch is rich. control yourselves. the bigger story here, "vanity fair" did an article using tax to do this story. and obama's running with it. here you have a definitive link between president obama and occupy wall street. >> bob: put it in context, please

bank and moved them to swiss, and he should tell us. >> dana: i inspire to have a swiss bank account.greg: i have a swiss miss bank, that used to have chocolate milk in it. >> dana: coming up, mitt romney goes to annual naacp convention. let's just say he got a mixed reaction. >> and i'm going to work to reform and save -- [ booing ] >> dana: tough crowd. but it's eric holder's comments at the convention that really have people talking. we tell you what is about next on "the five." ♪ ♪ today, we stand against the tyranny of single mile credirds. battle speech right? may i? [ horse neighs ] or too long, people have settled for single miles. with the capital one venture card, you'll earn doubleiles on every purchase, every day! [ visigoths cheer ] hawaii, here we come. [ alec ] so sign up day for a venture card at capitalone.com. and start earning double. [ all ] double miles! [ brays ] what's in your wallet? can you play games on that? not on the runway. no. ♪ ♪ >> eric: welcome back, everybody. governor romney making strides with the african-american vote? really? this is a presidenti

bank and moved them to swiss, and he should tell us. >> dana: i inspire to have a swiss bank account.greg: i have a swiss miss bank, that used to have chocolate milk in it. >> dana: coming up, mitt romney goes to annual naacp convention. let's just say he got a mixed reaction. >> and i'm going to work to reform and save -- [ booing ] >> dana: tough crowd. but it's eric holder's comments at the convention that really have people talking. we tell you what is about next on "the five." ♪ ♪ people like options. when you take geico, you can call them anytime you feel like saving money. it don't matter, day or night. use your computer, your smartphone, your tablet, whatever. the point is, you have options. oh, how convenient. hey. crab cakes, what are you looking at? geico. fifteen minutes could save you fifteen percent or more on car insurance. ♪ ♪ >> eric: welcome back, everybody. governor romney making strides with the african-american vote? really? this is a presidential hopeful at the naacp conference in houston today. >> i'm going to eliminate every nonessential expensive program i can

why a swiss bank account ron? the swiss bank accounts and the bahamas, it's the message framing here rather than concentrate on that what in my opinion progressives and democrats should be concentrating on and not even avoiding the taxes. what they should be concentrating on instead is here is a man who has so much wealth he has it spread all over the world. you randydon't know how much money he has and yet he is doing everything he can to lower taxes even more on the wealthy. that's the messaging we should have. >> yeah. i think that's the message that the obama campaign is putting out there. but they are raising the question of the. why? i mean, why? there is no doubt. right? wouldn't you agree? forget criminal activity. yes suggest it. there is no doubt, he has the swiss bank account to avoid paying u.s. taxes. >> that's the point. the point is that that's personal legal to do and the wealthy have been doing this for the last 30 years. >> right. >> they continue to do this. >> here is the point. yeah, here is t

believe the swiss franc a stronger than the american dollar. are it's i was first i want to bring this up for you here anthony too because matt welch from reason i wrote wrote something about this in the sense that well there are military veterans you know there are dual national citizens there are people that are being kicked out of their existing swiss account that they have even though they might live in geneva they might work for some kind of an ngo and so how do you properly handle something like that i mean do you necessarily have something to hide if you have a swiss bank account i have time for each of you to give you no one answer absolute there's there's no reason to stop people from having swiss banks accounts with one hand you could have very legitimate reasons for doing it if you live there another legitimate reason is maybe you want to hedge against the dollar this is not a patriotic issue where you have to keep all of your investments denominated in dollars on the show you've talked a lot about the strength of the swiss franc why

people and stuffed money up their asseses, because the insides of swiss people also technically swissimmune to american tax law. by the way f that's not uncomfortable enough, inside each one of those people is also a tooth pick, tweezers and a cork screw. because-- they're swiss and are multifunctional. you are probably asking, what happens if he needs his money right away. it's in swiss people's colons and they are notoriously constipated people. (laughter) -- mucili you say, no t will take too long. mitt romney plays a game he calls swiss pinata and he doesn't even wear a blindfold where is the fun if that, i'm saying when mitt romney needs money quickly he beats a swiss person until they break open. at least according to the tax papers we have. i'm sure if there is anything else we need understand about the financial situation, they'll let us know. well's be right back. (cheers and applause) welcome back, my guest tonight a columnist for "the washington post" also an author, his latest book our divided political heart, the battle for the american idea in an age of discontent, pleas

the question i have for you is: do you have a swiss bank account?know where your money is? yeah. just those two questions alone on mitt romney are powerful questions badge you know why? you know the number, 866-55-press. to me, they speak to be who mitt romney is acted and they speak to who mitt romney cares about and who mitt romney would fight for, were he president of the united states. and if you don't have the swiss bank account, if you don't have an offshore tax haven in the cayman islands, if you don't have one in bermuda and if you do know where your money is mitt romney doesn't care a rat's ass about you. 866-55-press, toll-free number on this wednesday morning and the full court press. let's get right into it. >> this is the full court press, the bill press show, live on your radio and on current tv t [ ♪ theme music ♪ ] brought to you by expedia. find your voice. unwrap your paradise. soft, sweet coconut covered in rich, creamy chocolate. almond joy and mounds. unwrap paradise. it's like chicken and crunchy stuff got married! i only use f

you either get a swiss bank account to conceal what you're doing or you believe the swiss frank is stronger than the american dollar. >> mitt, we need for you to release your income tax. >> i pay all the taxes legally required and not a dollar more. we begin with the president pushing to widen the circle of opportunity and calling for a one-year extension of the bush tax cuts for those earning less than $250,000 a year. this push to extend only the middle class cuts picks a fight over the fiscal cliff with all the tax cuts currently set to expire at the end of this year. and clearly aware of the optic, the president made the announcement this afternoon surrounded by workers and families who would benefit directly if those rates were extended. >> i'm not proposing anything radical here. i just believe that anybody making over $250,000 a year should go back to the income tax rates we were paying under bill clinton. back when our economy created nearly 23 million jobs, the biggest budget surplus in history and plenty of millionaires to boot. >> the president naturally predicted the response of

is that a swiss bank account. >> you either get a swiss bank account to conceal what you're doing orou believe the swiss frank is stronger than the american dollar. >> i've never i known of a swiss bank account to build an american bridge, create jobs ohr rebuild the levees in new orleans. >> quite frankly, he offshores most of his own personal investments presumably to shield them from taxes. >> all right. they all read the same talking points. they regurgitate them. what would you advise romney how to deal with that? what should he do, in your estimation? >> well, what romney is facing here is that obama doesn't want anyone to talk about the two gigantic, huge, enormous issues confronting this country, the totally disastrous economy and the unpopular health care program. so he wants to talk about outsourcing, swiss bank accounts, the dog on top of the car during a vacation, taxing the wealthy, the whole bit. everything is a sideshow because he wants people to focus on that rather than the two major issues. that's a fool's errand. people know the major issues. i was so interested th

some 8.7 swiss francs will have an immediate francs. 3 million swiss francs will be given out in contingent convertible bonds and taken up by investors in the middle east and asia. the second quarter saying they do show resilience with regard to the private bank. private banking net new assets came in at 3.4 billion swiss francs. they say these are good results given the tough market results and placed themselves above the fray in terms of capital level. a very positive reaction from the market and analyst community this morning. we'll be speaking to credit suisse's ceo. >> are we -- who's doing that? >> i'm hoping to do it. >> all right. i wasn't sure. >> ross want to be involved. >> you want to be involve, okay. >> we'll bring that to you. that's terrific. you can see the shares are in the news this morning. we want to bring in guest host, steve bryce. steve, good morning -- well, good afternoon to you. your initial thoughts in the news out of credit suisse here. bank-specific or can we read across more broadly? >> bank recapital sdmrakapcapit hot topic in europe. those it's important for

you either get a swiss bank account to conceal what you're doing or you believe the swiss francing ishe american dollar. >> let's turn to senate majority whip dick durbin of illinois. appreciate your time. >> thanks, ed. >> this is abnormal. you pointed that out. do you think the american people are okay with this, or is this a real issue? >> it's a real issue. and let's put it in perspective. who set the standard for income disclosure of presidential candidates? mitt romney's father. mitt romney's father filed 12 years of income tax returns and said, this ought to be the standard. how many years of income tax returns has mitt romney, his son filed? one it's the least amount of disclosure of any presidential candidate of either political party in the last 36 years. >> so it's tax avoidance or is it romney just not trusting american banks and the american currency? what do you think it is? >> i'm serious. i have asked business leaders, i have asked republican senators. i asked warren buffett the following question. what would anybody need a swiss bank account. buffett said i never had

that's what the swiss and the taiwanese found out.are sick will want to buy insurance, and insurance companies will spend most of their time and effort trying to keep sick people off the system or deny coverage to those who might get sick. that's why the heritage foundation, a conservative think tank, came up with the idea of the individual mandate, requiring that people buy health insurance in exactly the same way that people are required to buy car insurance. that's why mitt romney chose this model as a market-friendly system for massachusetts when he was governor, and that's why newt gingrich praised the massachusetts model as the most important step forward in health care in years. the obama health care bill now upheld by the supreme court expands access to 30 million americans. that's good economics, and it's also the right thing to do, but it does little in the way of controlling costs. there are several experiments and pilot programs in it. there are new trends emerging, such as the one we saw in camden. but retail in the way o

or swiss bank accounts to rebuild the levees. that's not an economic strategy for moving our country forward. >> for the record, i asked you about president obama. you ended up attacking mitt romney. >> because this is a choice between two gentlemen. look, president obama talked about what we need to do as a nation. it's what our parents and grandparents to do, to invest in our country, in education, in our infrastructure and also in innovation. that is not the proposal that mitt romney has. he wants to make it even easier for very wealthy people to avoid paying taxes, offshore american jobs, and maintain their swiss bank accounts while our roads crumble. >> governor jindal, mitt romney spends most of his time attacking president obama. that's the nature of this campaign right now. when he puts forward his own program, he talked about cutting taxes especially for the very rich, cutting corporate taxes, deregulation, for the financial sector because apparently they don't need any more regulations, and what do you say to a voter wh

germany and switzerland, they don't have public health care. >> but the swiss were getting fed up withinsurance system in the 1990s. costs were rising and premiums were higher for women and the elderly, and those with preexisting conditions had trouble getting coverage. some were foregoing insurance altogether. >> people were flying out of the insurance, so we had to stop this. >> dreyfuss who would become the first woman president, she gave subsidies to the poor and stopped insurance companies for rejecting people for their medical history. that's exactly what president obama's law would do. but in switzerland, it was an uphill battle. the parliament could barely squeak by. >> nobody was happy but everybody could accept. >> how was the swiss version of president obama's plan fairing after put in place? everybody is covered and the care is still top notch. the swiss enjoy one of the longest life expectancies in the world. >> we have an extremely comfortable health care system. the access is easy. you don't have to wait. >> hospitals have become more like five-star hotels offering healt

he took the swiss bank account amnesty form the irs offered in 2009. details of a $100 million ira account. had more offshore accounts we didn't know. it could be any number of reasons, josh. what do you think? >> i've spoken to private equity executives and tax planners this week. the most interesting theory i heard that i wrote about on "business week's" went this week, romney might have experienced a big loss during the crash in 2008 that he was able to carry forward to 2009 and couple with some of the off-shore tax havens. zero out his tax bill for 2009. now, that's nothing but speculation, but if it were true -- >> if that's true, is that allowable? let me ask on that point. is that allowable if it's true? i know it's speculation, but is it allowable? >> legally it could be allowable, but there's the political problem of if it turned out that you paid no taxes, then explaining that in the context of a presidential race when you're being painted as a rich, out of touch politician playing by a different set of rules, it will come out. said it was no

. >> ask themselves why does an american business man need a swiss bank account?> i've never known of a swiss bank account to build a american bridge. >> either to conceal what you're doing or you believe the swiss frank is stronger than the american dollar. >> this is the guy who's slogan is believe in america. it should be business bermuda. >> jonathan, i have to ask you, why would a presidential candidate have a multi-million dollar swiss bank account, stash millions in grand cayman and have a 15-year investment in a company in bermuda? >> well, it is out of the ordinary. we've had wealthy candidates run for president before. >> not talking about wealth. >> i know. i know. and we're not suggesting that mitt romney's has done anything illegal. however, the problem that mitt romney has is that he has not been able to explain why he's done these things and why he feels it's appropriate as a presidential candidate to have his money overseas rather than in banks here at home and also, why won't he release his tax returns so people can know and understand that how he

how long did he have the swiss bank account?won't tell us because he hasn't released tax returns other than 2010. in fact, his dad george romney, when he ran for president said you should release at least 12 years because it is easy to play games with a couple of years which is exactly what mitt romney is doing. all right then we go to bermuda. there he has this weird company called sankaty high yield investors created in 1997. then it was handed over in a blind trust to ann romney in 2003. i call it a weird company because we have no idea what it. does we have no idea how much money it has and we have no idea why it is in bermuda. mitt romney running for president of the united states of america says ah, trust me, don't worry about it. all of the money i have in foreign countries, it is perfectly legal. i'm not going to tell. >> damn thing about it. then great. get out of the race. i'm not interested in having you be the president of our country as you hide your money in different places and say i'm not going to tell you. you d

that's what the swiss and the taiw taiwanese found out.e sick will want to buy insurance. that's why the heritage foundation, a conservative think tank came up with the idea of the individual mandate, requiring that people buy health insurance in exactly the same way that people are required to buy car insurance. that's why mitt romney chose this model as a market-friendly system for massachusetts when he was governor. and that's praised the model. the obama health care bill now upheld by the supreme court expands access to 30 million americans. that's good economics. and it eegs also the right thing to do. but it does little in the way of controlling costs. there are several pie lat programs in it. there are new trends emerging. but little in the way of systemic cost controls. every expert realizes that no matter what the system of health, you need to have some kind of board that decides what's coverend and what's not. now, this has been demagogue as death panels. it's really the only sensible way to make the system work. no one is saying

he's got a swiss bank account. >> when it comes down to his swiss bank account, there is just no way to explain it. you either get a swiss bank account to conceal what you're doing or you believe the swiss franc is stronger than the dollar. >> robert costa, financially smart, maybe for romney as an individual, but politically unwise for a guy who has known for years that he'd be running for president. >> michael, i respectfully disagree. it's not politically unwise to do something that's entirely legal which is invest globally. mitt romney has made a career of investing globally. when it comes to disclosure, he should disclose as much as he can. the democrats may have a case there. that one year of tax returns may not be enough for the general election. but to try to portray romney as sipping a pina colada in bermuda or switzerland, it's class welfare. and i think if romney can connect with people in the suburbs like he did in the primary, he'll be effective in the general. if he loses voters because of a swiss bank account, those voters were already voting for the democrats. >> it d

corruption a swiss court says football's governing body of knowledge of potential bribes accepted by former president joe palca lunch. legend legendary of the next great michael johnson gets all curly to the man is no less with the olympic flame. spring time r t cultures all but rush is a limping metal poles in diving with a twenty twelve games knowledge just over a fortnight away. yeah lympics getting at. closer but we start with the news that football's world governing body is embroiled in yet more claims of corruption according to a swiss court for murphy for president joe havelange experts in football boss ricardo to share or receive payments from i sell the organizations former marketing partner a swiss prosecutor's report published by feet first shows the perp could have received up to twenty two million dollars before i a cell went bankrupt in two thousand and one the swiss based company were repeatedly offered lucrative world cup parking rights by the game's governing body ninety six year old have lunch with fifty present for twenty four years before queen nine hundred sevent

like that. >> i've never known a swiss bank account to build an american bridge, a swiss bank accountreate american jobs. >> you get a swiss bank account to conceal what you're doing or you believe the swiss frank is stronger than the american dollar. >> that's just a little bit of it. keith, in response governor romney's team says president obama's attacks on mitt romney have been proven false time and again. as job growth slows, manufacturing stalls and our economy sputters, president obama knows he can't make a legitimate run for president, so they're going to go personal. he's saying they won't go personal because things weren't great with this last jobs report. >> these aren't personal issues, these are real issues that the american people have a right to know. not only did he have a swiss bank account but he has accounts or money in the cayman islands. he also has this shell company that operated in bermuda. the mysteriously transferred to his wife the day before he was sworn in as governor of massachusetts. and people are wanting to know what is it about this money that you're

it sells for a mere 10 million swiss francs, and it is a safe investment.wiss real-estate maintains its resale value. >> as eu citizens, the greeks are free to move here. the ones who have done so are not numbered in the hundreds, but there have been quite a few. switzerland is an attractive location for wealthy middle class greeks. >> he is in a hurry because his next greek customer is waiting. for reasons of discretion, we're not allowed to meet the client. >> change of pace and to the story on hiv/aids. the study of black men in six american cities as of hiv infection rates were 50% higher than among white men. the report also shows that overall infection rates among black gay and bisexual men in the u.s. rival those seen in sub-saharan africa. >> a shocking results. the findings have been presented at the international aids conference in washington, d.c. organizers say same-sex education and cheaper drug therapy remains the best way to combat the virus. a number of european countries have seen that strategy delivers the real advances for public health.

. >> he's the only president with a swiss bank account, with tax shelters, with tax avoidance schemes that involve so many foreign countries. >> senator dick durbin is here tonight. >> the big panel takes on the ridiculous details coming occupant of mitt romney's koch brother fund-raiser. >> and a day after this terrifying picture was taken, the beaches were open for business in cape cod. we'll ask a shark expert if there's anything to worry about. >> we're going to need a bigger boat. >> good to have you with us. president obama has put the issue of tax fairness front and center in this election. speaking in the east room of the white house, the president asked congress to immediately extend the bush tax cuts for those making less than $250,000 a year. >> the republicans say they don't want to raise taxes on the middle class. i don't want to raise taxes on the middle class, so we should all agree to extend the tax cuts for the middle class. let's agree to do what we agree on. right? >> now, i'm going to show you some numbers in a few moments. you can be the judge because this puts th

he kept millions in swiss banks. [ laughter ] those swiss sure know how to keep a secret. >> bill: with us now, carl rove. that ad was taken out by a group called priorities u.s.a. super pac supporting obama. you have a super pac crossroads supporting mitt romney. was that ad effective? >> not really. first of all they repeat the stuff about outsourcing which even the "washington post" called in an editorial quote bunk end quote. >> bill: you know most people don't know that they just see this stuff. >> you know what? most people are never going to see this add. more people will see this ad tonight on your program than priorities u.s.a. has put behind this ad and showed around the country. have you been suckered by bill burton more. >> bill: i'm not suckered by anybody. i'm telling you what the theme of that day is that ad, and this is obviously a continuation, of proper traying mitt romney as this predatory capitalist, this greed head somehow hiding his money. >> you know, i love this. it's terrible that he had money in a swiss bank account. really? five members of the white house staf

football's world governing body is embroiled in yet more claims of corruption according to a swiss court for murphy for president john have a luncheon x. brazilian football balls ricardo tesh era received payments from i asked al the organizations former marketing partner swiss prosecutors reports published by faith it shows the perp could have received up to twenty two million dollars before i a cell went bankrupt in two thousand and one the swiss based company were repeatedly offered lucrative world cup marketing rights by the game's governing body ninety six to have lunch with fifteen present for twenty four years from nine hundred seventy four on. the new top monitor under-developed said the premier league title is the same for next season but the portuguese also admitted the north london club could lose influential midfielder look at moderate each. the willingness is there from. the from the player but you know it's. a plea of this importance is it is not easy to part company with but you know. i think the chairman is a person that respects the values of the book. and only with the