Crisis Diary as it unfolds ….

Swiss banking model in question

Uncle Sam is after largest swiss bank UBS, and entire swiss banking is feeling the punch. Swiss banking has so far been a safe haven for tax evaders from around the world. For obvious reasons, Swiss court banned UBS from sharing any such information with US. But if US authorities are firm in their demand, can Swiss really dare not comply? Is it about the time for Intl. community to build pressure on Swiss to change their unfair practices of providing safety to fraudsters?

Ever since Obama took office, he has been talking a lot about transparency.
Mr. Barack Hussein Obama, are you the change we can believe in?

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February 20, 2009 Posted by | News | , , , | 1 Comment