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What did I think? Another red herring hung out to the media and the public.
What does it mean? Nothing. There are plenty of other ways of hiding assets.
The British PM has been chastising the Swiss on this front as well, while at the same time the UK has more than a small offshore industry in crown possessions and dependencies, etc. The Nordic nations, as another example, have very secretive banking laws and industries, some of which are reputed to be stuffed full of Russian mob and hyper-rich-folk money, etc.
This, versus the Swiss alone, is pure theatre... and $700m against UBS? Didn't UBS receive a few billion from the US recently?
I wonder if that's related. *rolls eye*
Enjoy the circus and the show trials.
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"I do not agree that the dog in a manger has the final right to the manger even though he may have lain there for a very long time. I do not admit that right. I do not admit for instance, that a great wrong has been done to the Red Indians of America or the black people of Australia. I do not admit that a wrong has been done to these people by the fact that a stronger race, a higher-grade race, a more worldly wise race to put it that way, has come in and taken their place." - Winston Churchill, 1937 --{ORLY?}--
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