Spare the Rod and Spoil the Banker
Clipping the Right Wings at Credit Suisse
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  • PKCasimir

    Switzerland is not a country but a criminal conspiracy. Its “neutrality” has allowed its banks and bankers to prosper on the profits derived by managing the funds of some of the most odious people in the history of the world.
    Americans should acquaint themselves with the notorious Swiss high-security, punishment prison called Straflager Wauwilermoos” (literal English translation – “prison camp at the swamp of Wauwil”) used to detain American flyers during WW2 who tried to escape their internment in Switzerland after being shot down. Swiss authorities used it to discourage American prisoners from escape. American flyers were beaten, raped, and forced to live in lice-infested, filthy conditions. The Commandant, believe it or not, was a former officer in the French Foreign Legion named Capt. Andre-Henri Beguin, corrupt as he was cruel, and wore a Nazi uniform.
    For those who think I am making this up, I would recommend “Masters of the Air”, by Donald L. Miller, the best book written on the Americans who conducted the air war against Nazi Germany.

  • This is silly. The US should adopt a consumption tax and abolish overseas taxation (which almost nobody else does). But doing so would put lots of bureaucrats out of work and get rid of a populist talking point, so it won’t happen.

    The US is making American citizenship a liability to the point where lots of people are being advised to renounce it, and if they’re immigrants, to not bother getting citizenship.

  • Andrew Allison

    Isn’t “don’t roil the markets by doing things like taking away its business license” a license to steal if you’re big enough to roil the markets? It strains credulity to suggest that the senior staff against whom criminal cases are proceeding were not acting with the full knowledge of senior management. The villain here is the institution, and $2.6 billion chump change.

  • gabrielsyme

    Evading American taxation is not a moral delict for those not subject to American law. It is not clear whether it is solely US-based employees who are being criminally charged. While Credit Suisse must follow American law since it operates in the US, it would be appalling overreach to attempt to enforce American law on Swiss nationals working in Switzerland.

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