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July 19, 2008

Comments

Hattie

I may be wrong here, but I am not sure UBS has violated any laws. Not if they operate under Swiss laws, which do not consider tax evasion a crime.
Every once in a while the U.S. gov't leans on Swiss banks if too much money is getting away, but I don't think they have any real authority to bring the Swiss banks to heel.
It's not right, of course, but the Swiss point of view is, "We are a small, resource poor country, and we have to get by."

David

The Swiss made a pact with the devil to guarantee their "security" and prosperity.

Duerrenmatt wrote about this in his plays and novels. Read his speech in honor of Vaclav Havel: Die Schweiz - ein Gefaengnis? ? / Switzerland - a Prison?

Hattie

Or maybe a gilded cage! What a bunch of hypocrites they are. I'm kind of glad I got to sit out the 70's and early eighties there, though. Nice place to raise a family.

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