International Capital Flows, Swiss Border Edition


Gimein is puzzled by the lack of attention that the news media is paying

to the story

of a man who was stopped at a Swiss border crossing in possession of a $500

million check. I can think of three reasons:

  • He was driving into Switzerland, not out of Switzerland.
  • The check was for $500 million, rather than a combination of checks and

    credit notes worth $8 billion.

  • He never

    starred in Miami Vice.

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