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A Swiss Bank Is Set To Open Its Secret Files
NYTimes ^ | February 18, 2009

Posted on 02/18/2009 8:42:10 PM PST by Steelfish

A Swiss Bank Is Set to Open Its Secret Files

By LYNNLEY BROWNING Published: February 18, 2009

In the hush-hush world of Swiss banking, the unthinkable is happening: secrets are spilling into the open.

UBS, the largest bank in Switzerland, agreed on Wednesday to divulge the names of well-heeled Americans whom the authorities suspect of using offshore accounts at the bank to evade taxes.

The bank admitted conspiring to defraud the Internal Revenue Service and agreed to pay $780 million to settle a sweeping federal investigation into its activities.

It is unclear how many of its clients’ names UBS will divulge. Federal prosecutors have been examining about 19,000 accounts at the bank, but UBS ultimately may disclose the identities of only a few hundred customers.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: ubs
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1 posted on 02/18/2009 8:42:10 PM PST by Steelfish
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To: Steelfish

Now this should be interesting.

Next, the NY Madam needs to share her client list.


2 posted on 02/18/2009 8:43:28 PM PST by A_Former_Democrat
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To: Steelfish
BAD reporting...they said they would open SOME of the files...probably just those of Republicans...
3 posted on 02/18/2009 8:43:39 PM PST by goodnesswins (Conservative and fighting for freedom and liberty....whether you like it or not.)
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To: Steelfish

Release all the names ya wankers. Send the list to Drudge.


4 posted on 02/18/2009 8:44:06 PM PST by Enterprise (A Representative Republic - gone now. Foolish people.)
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To: Steelfish

Oh Oh.

(note to self: get new ID, passport, cash, plane ticket and implement plan “B”)


5 posted on 02/18/2009 8:45:32 PM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: goodnesswins

Yeah. The list will definitely be full of Republicans. Everyone knows that Democrats don’t evade taxes. They just flat-out refuse to pay taxes.


6 posted on 02/18/2009 8:46:35 PM PST by DesertDreamer ("I don't believe in a government that protects us from ourselves." - Ronald Reagan)
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To: goodnesswins
Federal prosecutors have been examining about 19,000 accounts at the bank, but UBS ultimately may disclose the identities of only a few hundred customers.

It's all illegal. One World Order here we come. Selective prosecution is BS.

7 posted on 02/18/2009 8:50:07 PM PST by eyedigress
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To: Steelfish

There goes financial privacy. Of course joe citizen will think the worst because of what he sees in movies.


8 posted on 02/18/2009 8:52:24 PM PST by mnehring
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To: Steelfish

Ah Crap! witch hunt for any Republicans on the list


9 posted on 02/18/2009 8:52:41 PM PST by txnativegop (God Bless America! (NRA-Endowment))
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To: Steelfish

What?! This bank doesn’t need to keep it’s good payin’ customers?

Must’ve gotten some of that bailout moolah.


10 posted on 02/18/2009 8:55:22 PM PST by Beowulf9
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To: eyedigress

Maybe they’ll be releasing the names of US customers only.


11 posted on 02/18/2009 8:55:35 PM PST by 1_Rain_Drop
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To: Steelfish
It is unclear how many of its clients’ names UBS will divulge.

I don't know how many but they'll probably all be evil Republicans.

12 posted on 02/18/2009 8:56:38 PM PST by Krodg
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To: Steelfish

Why is this a big deal? Those like Soros, the Clintons and

0bama have sold their souls to Satan. They have no souls.


13 posted on 02/18/2009 8:57:37 PM PST by unkus
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To: unkus

Ted F’ng Kennedy!


14 posted on 02/18/2009 8:58:18 PM PST by Wally_Kalbacken
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To: Steelfish

Release them all!


15 posted on 02/18/2009 8:58:30 PM PST by dragnet2
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To: 1_Rain_Drop

Maybe, But that’s the first drop in the bucket eh?


16 posted on 02/18/2009 8:58:51 PM PST by eyedigress
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To: Steelfish

Phil Gramm’s UBS Problem
If the Texas senator and McCain adviser was supposed to keep the Swiss bank out of trouble, he’s made a mess of it.

http://74.125.95.132/search?q=cache:2W5i7lJwOUEJ:www.slate.com/id/2194933/+ubs+phil+gramm&hl=en&ct=clnk&cd=1&gl=us


17 posted on 02/18/2009 9:06:05 PM PST by TexKat ((Just because you did not see it or read it, that does not mean it did or did not happen.))
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To: Steelfish

Great..now the infamous swiss banking system is looking for an Obama ‘bailout’...’bipartisan’ of course...(eye roll)

This is nothing more than an international blackmail approach. Did anyone ever think that the swiss would just sit on the info forever?

LOL...good thing we kept our nukes.

Why would they be threatening shit during the new ‘Messiah’ reign..if they did not have a boat load of crap on democrats and the Obama marxists in America?

PAY TO PLAY OBAMA...PAY TO PLAY..you evil chicago thug!


18 posted on 02/18/2009 9:11:32 PM PST by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: TexKat

Remember.....Dip stick Biden said Obama was going to be ‘tested’...and we would have to stand behind him..blahblahblah...

Obama is going to bomb Switzerland!

LMAO!!


19 posted on 02/18/2009 9:16:12 PM PST by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Steelfish

Keeeerist, I didn’t want the ex to know about my Christmas Club account.


20 posted on 02/18/2009 9:17:22 PM PST by Cyman
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