The Watering Hole: February 4 – Swiss Banksters

I’ve rarely had so much fun when watching news and tv-discussions as during the last two days. Switzerland already has had a bad 2009 and 2010 seems to start even worse.

Germany’s biggest post war tax evasion scandal is centered around…you knew it, didn’t you…a Swiss Bank.  So now, why would the Swiss be so touchy about Germans, living in Germany, having committed the offense of tax evasion in Germany, being prosecuted by means of a (admittedly stolen)  Data-CD obtained in Germany by German authorities? Because German Tax Authorities are going to buy that stolen CD.

The real reason behind the Swiss upset is not legality, they are using unlawfully obtained data themselves, if there is a higher gain at stake. It’s the estimated € 300 bn sitting in Swiss bank accounts (sorry german link only) a large part of which will maybe be repatriated to Germany. A huge blow to the Swiss Banks.

To be fair many Swiss nowadays know fully well, that the banking secrecy laws of the country are designed mostly to attract wealthy customers and their money, nevermind the tax laws in other countries, and are for abandoning the banking secrecy. Some loudmouths beg to differ. Believe me, it’s interesting to watch.

For the German tax frauds shivering in their shoes about this CD I feel only Schadenfreude. They felt so glib and superior when they told us taxpayers how stupid we were to pay taxes, that I can’t help but wallow in their panic.

This is out Open Thread, so please feel free to comment on this and on what else is on your minds.

17 thoughts on “The Watering Hole: February 4 – Swiss Banksters

  1. Afternoon EV!

    I’m glad to see you found more news about ending banking secrecy. I’m always interested in this subject. I need to download Firefox into this new computer to translate the Pdf document, but I’ve got to leave in a minute. I will look at it later, but you will be asleep by then.

    • HoR, that piece of news found me. The .pdf is only supporting the claim that it is really a mindboggling 300 billion Euros of German money in Switzerland. About the amount of Switzerland’s GDP in 2008.

  2. Zooey, first and foremost, I would like to say that I very much enjoy the banner image; I’m not sure when it changed, but the undersea inhabitants caught my eye today!

    Read about the young mothers, old and new – too many of feelings to articulate about this sensitive subject. The link also lead to the list of oldest mothers . . . it seemed to lift my aura of despair from the earlier readings a bit. . .

    In any event, I do appreciate the post, Z – awareness, dialogue and action can lead to healing the many social challenges involved with this . . .

    • Lass, the credit for the header pic goes to gummitch. It’s one of our favorites. 🙂

      I agree, such young children giving birth is just shocking. I read the list of older mothers as well, and found it disturbing, mostly because they are taking the almost certain chance that their children will be young orphans, but at least they can give consent to becoming pregnant and giving birth.

    • Yes, that’s way too young, Walt. I wouldn’t have considered having children after 35, and luckily enough I didn’t have to wait that long, but in my late 50s or 60s — holy moly!

      Just because science can pull off such a thing, doesn’t mean they ought to actually do it!

  3. For everyone’s amazement, an insane twit from that insane twit John McCain:

    While the census is very important to AZ, we shouldn’t be wasting 2.5 million taxpayer dollars to compete with Doritos ads.”
    (h/t Wonkette).

    I’m not sure where McCain is going with this.

    Oh well, he’s probably already forgotten he ever said it.

    And to think he might have been Sara Palin’s Vice President!

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