03-30-2009, 01:43 PM
Quote:How are other countries going to pressure the Swiss to give up sovereignty over their own banks?
-Jester
Well I am not sure about everything but 1: UBS pays 780 miljon dollars settlement to the american justice department and also delivers them a few100 names of american taxpayers that have accounts with them. (this was March 3rd) The swiss high court of justice found this settelement illegal however.
2. The reason for placing this new topic was that I read that many people in higher management of swiss banks are not allowed to fly to the US, France, Germany and the UK anymore by their employers for fear of being arrested.
Of course the US or any consortium of conutries (G20) can not make the rules in Switzerland, Monaco, Guernsey or whereever, but things seem to be happening.
My opinion is that this is a good thing, however I don't know how this story will end.