Posted on 02/19/2009 7:24:51 PM PST by Libloather
How Many Democrats Evaded Taxes in Swiss Banks?
RUSH: This just in. The Obama administration is now going after Swiss bank accounts. "The curtain is being peeled back on the infamous secrecy of Swiss banks. The largest bank in Switzerland, UBS, agreed Wednesday to reveal the names of wealthy Americans whom the authorities suspect of using offshore accounts to evade taxes. The change in policy is the result of UBS' admitted role in conspiring to defraud the Internal Revenue Service. As part of the agreement, the bank will pay $780 million in damages, and also close all offshore accounts of its American clients. It is not clear how many names will be divulged, but the Feds have been looking into roughly 19,000 accounts, according to the New York Times. The deal could mark the end of Swiss banking as we know it, as many offshore clients may no longer trust the anonymity of the country's banking system. Prosecutors suspect that UBS helped its American clients hide $20 billion from the government, or about $300 million a year in taxes, from late 2002 to 2007. UBS has admitted that some of its employees "participated in a scheme to defraud the United States" They didn't volunteer here; they were forced to admit it.
Now, the thing I'm going to be looking for, how many members of the Obama administration, how many high-ranking Democrat, high profile Democrat or Democrat supporter's names will be on the list of UBS account holders who tried to evade US taxes? We know that Tom Daschle tried to evade taxes. We know that Geithner didn't pay taxes. This guy down in Houston, this Stanford guy, this guy was all over the Democrat Party. His level of fraud may be between eight billion and $50 billion. This guy had banks all over the world and clients were lined up at these banks to try to get their money out yesterday in the Caribbean, in Venezuela, Mexico City. They were shut down. This guy's picture was taken with Nancy Pelosi at the Democrat convention. This guy underwrote some program they had that was chaired by Bill Clinton. Pelosi and Bill Clinton both praising this guy Stanford. The level of financial corruption that has become the Democrat Party is breathtaking. Even those who are corrupt and found guilty of it, some have ended up in Barack Obama's cabinet.
But there was no anger from the Drive-By Media. There was just, "Their people are, too, important, Mr. Limbaugh. We can't really get rid of Geithner and Daschle, he's the only guy that knows what to do with health care; he wrote the book on it. We can't get rid of these people; it's too crucial of a time in America." So now the Swiss banking industry probably changed forever, no secrecy, if Obama gets his way on this. It's an all-out assault, folks. It is an all-out assault. But I just want to see, 19,000 accounts at the United Bank of Scotland. Well, wait a minute. I'm not right when I say United Bank of Scotland. Obviously I'm wrong. UBS is a Swiss bank. I take it back. I watch golf tournaments and I'm getting caught up with the confusing initials for a bank in Scotland. I apologize. I caught my own error. Note that none of my staff caught it, I caught it myself. As far as my staff concerned, I could be left out there dangling all by myself.
I don't have a Swiss account, either, but 19,000 accounts in this Swiss bank, and will we find out if there are prominent Democrats among these people? 'Cause you know there have to be. We know prominent Democrats evade taxes. They sit on Obama's cabinet. This is not a stretch. It's a good thing that Obama is going after these tax evaders, folks, I just have to tell you. I question, will Obama's new attorney general be going after onshore tax cheats, like Geithner, Tom Daschle? Or will Eric Holder, the new attorney general, be a coward like the rest of us Americans, will they be going after Charles Rangel and his tax violations? Will you authorize that, Mr. Holder, are you going to chicken out going after Democrat tax cheats?
Delicious !
I imagine the list of names will have to be “vetted” by Bari and his toadie, Eric before it is released to the public. Don’t want no Obamacorns getting embarrassed don’t you know.
Anyone who even thinks that the DOJ or FBI or IRS will
do anything to a Democrat (especially one connected or
in Congress) will be audited.
Ummm... my recollection is that they are closing the accounts and mailing checks to the account holders. But they are not reporting the account holders to the IRS.
Most violators will simply send the checks on to the Caymans.
Do you remember during Monicagate when Hillary paid a visit to Switzerland? It is about time for everyone to see what they are hiding. Guess Obama wants to get the Clintons before they get him!
George Soros? Pelosi, Feinstein, Boxer? Murtha, Reid, Schumer? Get the popcorn stocked up.
Madoff...Daschle...I wonder who they’ll find?
lol Oh I don’t think tax cheating knows any political party.
The names are no more likely to be uncovered to us anymore than the hookers were in that Madam’s Books.
“hookers”.........I meant Johns!
Who put the swiss cheese in the rat trap?
How wrong you are ~ cheating on your taxes is considered a Democrat sport.
My first thoughts also when I heard about it earlier this afternoon.
We will find out anyway.
A ping for your research.
Quite frankly I am surprised UBS will violate Swiss banking laws. They should tell Obammy to go soak his head in salt water and learn to catch the tax cheats on the US side of the borders. Quit trying to make other countries violate their own privacy laws.
For years, I’ve been curious about politicians and offshore accounts. And, not just Beltway pols, I’m talking mayors, city councils, county commissioners, the works. In my county I know there are tens of millions of dollars in which the accountability has been, shall we say, very sloppy.
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