bank secrets

[kandrathe]

My opinion is that this is a good thing, however I don't know how this story will end.

The facade is that the US is doing this to reign in US citizens involved in illegal operations, like smuggling drugs, guns, etc. The truth is that the US wants the power to get their hands on the money, and I'm shocked that the OECD is a pawn in a US power grab.* This scheme is senseless, because just like anything else it will go underground. Those doing illegal things will form alternative forms of "banks" and put their assets in places where the US government cannot get their hands on it. Or, maybe misery loves company. We've done such a great job destroying US and other EU banks, so now we want to insure that all banks suffer.

Swiss Banks Call Tax Evader Label Unfair

"Mirabaud says before pointing fingers at others, the United States should put its own house in order. He says he believes there are more tax evaders with accounts in Florida and Delaware than in Switzerland."

Mirabaud is correct, and the names of tax evaders amongst the US political elite keep popping up in the news... Tom Daschle, Nancy Killefer, Tim Geithner, Ron Kirk, John McCain, Hilda Solis, Charlie Wrangel, Sarah Palin, Bill Richarson, and the list goes on and on. And, like the tip of the iceberg, these are the ones that became public.

* Maybe its not just the US? Maybe its the consortium of power interests that dominate the OECD.