Swiss Bank Sellout
 

UBS Bank is releasing the records of 19,000 numbered accounts to the US Government.

Federal officials allege that UBS knowingly helped wealthy American clients to defraud their government.


make some money Short this stock ---
UBS - (Public, NYSE:UBS)

:thumbsup

Even those of us who?ve never had an offshore account could feel a sense of security knowing that there was some place in the world that, through wars and other catastrophes, remained neutral and respectful of people?s rights to their persons and property. Since the Middle Ages (when the Swiss banking system developed), Switzerland has been seen as the world?s "safe haven." That Switzerland has managed to maintain its national integrity, if you will, and the security of its banking system while set amidst implacable enemies may well be one of the most respectable feats any nation has managed.

this alone can create 500,000 jobs

1) more people keeping money in US banks
2) creating a case against all those people
3) Building more prisons
4) Hiring more prison guards

yeah, but not a single thing from those 4 will make any new value...
prisoners and prisons only cost money...

Does integrity include safe haven for stolen goods?

going to war costs money too but its good for the economy? im sure you know why

The Swiss Federal Administrative Court has prohibited this deal. UBS is fucked if they name names. Probably won't happen..
http://www.nzz.ch/nachrichten/starts...1.2054043.html

The data of the 52.000 account holders is already with the IRS in the US.
So the damage is already done