ZACKLY RIGHT!!! - and they HATE it.
My thinking: ANY dollar/euro/drachma/... that doesn’t end up in gov’t coffers is a GOOD dollar/euro/drachma... Gov’ts just can’t be trusted with money.
Sorry to see the Swiss fold under the pressure (which is not an endorsement of Swiss banking practices - past and present - in *all* cases, just to make that clear).