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Swiss banks give a little but still have bloody hands

There are plenty of nations that allow secretive banking but Switzerland has always been the king-pin of the group and no nation has been a bigger accomplice to decades of criminal activity.

They do this with a sense of pride in a clinical fashion while all the time really having the dirtiest hands in town. The reluctance of the Swiss government and Swiss banks to prevent tyrants, criminals, politicians, aristocrats, and your run-of-the-mill tax evading businessperson from hiding their money is solely for the purpose of financial gain absent any scruples at all.

Yesterday the Internal Revenue Service came to an agreement with the Swiss government to turn over the names of 4,450 U.S. clients with UBS AG (NYSE: UBS) accounts suspected of tax evasion.

Continue reading Swiss banks give a little but still have bloody hands

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