Picking on the Swiss

Apart from the diplomatic ramifications, the government's request for so broad a swath of information could well run afoul of the Fourth Amendment's protections against unreasonable search. The Obama Administration should use the court reprieve to rethink the whole case.

Unreasonable?

http://www.time.com/time/business/article/0,8599,1917829,00.html divorce clients on the trail with UBS, AND

As an aside, of relevance, there are 52,000 accounts at UBS, all the rest should come out too....one can guess why the main body is shielded ...thousands of politicians, etc. as well as the internationally legitimized Swiss tradition of secrecy, unchallenged to date. Note, historically, since WWII, that there are reported now about 280,000 ‘private banks’ in the Carribean, 8-11 members and officers required in each bank varying on the island govt. with jurisdiction, which are ‘neutral banking jurisdictions’, meaning they do not communicate with the Fed Res System and are not in reach of the IRS. None of these ‘banks’ do any public business. They are merely repositories of unreachable funds for private international use. There are more banking charters than maritime ship registrations/flags of convenience!!..tax havens supreme. The US Navy probably exists more to protect these banks than it does our own banks. We should use our Navy to reclaim the assets in these banks, and thereby reclaim the stolen wealth from our country, now that the middle class, in the process of being enslaved, has rapidly diminishing assets to be taxed. Fully 2/3rds of the 280,000 ‘banks’ are owned by Americans?! The so called Obama initiative of ‘tax the rich’, avoids their biggest asset repository, Caribbean private banks, chartered there. The focus on Switzerland, and one bank, with a minimal sampling of tax evaders is only a diversion from the vastly larger international picture of tax evasion. The selection criteria of the 4-5000 being exposed at UBS must be suspect of being diversionary in its’ isolation...and, perhaps Republicans and independants are being focussed on at a lower level? (recall Chrysler dealership rejections) at a lower level? Just kidding, the ‘fairness’ must be ‘beyond compare’. The selection criteria are secret, of course.

Note the software available for running a private bank:

Panama City, Panama (PRWEB) May 28, 2008 — NexorOne (www.nexorone.com) announced Friday that its banking platform will integrate with Eurowire (www.eurowire.cc), allowing customers to pass on international wire instructions and other customer orders directly from the software. Both NexorOne and Eurowire believe the refined system will help ease the process for private and offshore banks, as well as eliminate many instances of delays and human error....http://www.prweb.com/releases/eurowire/nexorone/prweb974654.htm

Offshore banking: http://www.escapeartist.com/Offshore_Banking/

http://www.offshore-protection.com/

There is heavier competition from offshore banks for illicit US money as has ever existed in spite of the UBS ‘threat’.

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