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FROM THE EDITOR: We will be on a modified schedule over the weekend. Morning lite, heavier in the evenings. Thank you for your continued support.

Saturday, January 5, 2013

Mobster in Chief: Obama's thugs rob $1.2 billion from Swiss bank

Force closure of one of the world's oldest and most respected financial institutions

From France24, "Oldest Swiss bank to close in US tax evasion case":
Switzerland's oldest private bank, Wegelin & Co, said Thursday that it is going out of business after pleading guilty to charges of helping American citizens avoid US taxes. It remains unclear whether the bank will reveal the names of its US clients.

Wegelin & Co, the oldest Swiss private bank, said on Thursday it would shut its doors permanently after more than 2 ½ centuries, following its guilty plea to charges of helping wealthy Americans evade taxes through secret accounts.

The plea, in U.S. District Court in Manhattan, marks the death knell for one of Switzerland’s most storied banks, whose original European clients pre-date the American Revolution. It is also potentially a major turning point in a battle by U.S. authorities against Swiss bank secrecy... [bank assisted] Americans [to] evade taxes on at least $1.2 billion for nearly a decade.
Editor's comment - "Helping American citizens avoid US taxes..." Real Americans call that downright patriotic.

7 comments:

jgeleff said...

Their client list won't be revealed, because it will be populated with lefty superstars of entertainment and politics. No, this is the last you'll hear of this.

Erich Domdero said...

Justice.

Gary said...

The US has no authority over that nation. If the Swiss wanted to they could tell Obama to go fuck himself.

The Right Guy said...

And they should.

Chuck said...

That the Swedes would permit such a flagrant contempt of the basic rules of jurisdiction mean they deserve whatever they get.

The Right Guy said...

It's the Swiss. The Swedes make tasty little meatballs and are a feckless shadow removed 10x from their previous glory. The Swiss on the other hand make delightful chocolate and have some pretty good roads to ride and drive.

Chuck said...

Hehe. I'd be amazed to learn how the fuck such jurisdiction was established. I'd wager there's a treaty at the root of it.