The entire UBS mess is getting even uglier, and by uglier I mean better: 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 […]
The employer of Phil Gramm, the very man who championed to get rid of banking regulations and served as an economic adviser to the McCain Campaign, has been busted: UBS AG, Switzerland’s largest bank, will pay $780 million to avoid U.S. prosecution and settle regulatory claims that it helped thousands of wealthy Americans use Swiss […]
Here is his own 3am ad: Pretty interesting coming from a man who’s top economic adviser is considered one of the key culprits in the entire subprime mess. Speaking of Phil Gramm, let’s look at his employer: The spiraling crisis in the credit and housing markets has kept Gramm in focus, fairly or not. His […]