February 19th, 2009
Earth Shakes:
Big Swiss Bank to Name Names
UBS. “You and Us.” Biggest bank in Switzerland (and maybe the world, memory suggests). As part of settlement in tax evasion spat with Uncle Sam, is going to break tradition stretching back to roots of modernity by giving USG account holder names.
You and US indeed.
In aid of tax fraud, on its face. But perhaps something to do with Bernie Madoff’s misadventures? Or, even, an angle re terrorism? The world spins …
