Kenneth Rijock

Kenneth Rijock

Saturday, August 1, 2015

US STATE DEPARTMENT INTERVENTION WITH UBS HURT AMERICA'S CAMPAIGN AGAINST SWISS BANKS


This week's disclosure, that then-Secretary of State Hillary Clinton reportedly assisted UBS in scaling down the level of cooperation, regarding accounts of American tax cheats, to release only 8% of the information demanded by the United States, is disturbing. Whether the Clinton Foundation received donations from UBS, as the direct, or indirect, result, is immaterial. What is relevant is that the State Department interfered with an important law enforcement operation, and by doing do, diluted its effectiveness. Clinton ruined the effectiveness of the UBS matter; all the other tax cheats escaped unscathed.

The United States has had to put up with non-cooperation, and dilatory tactics, from Swiss banks; do we really need an official of an agency of our own government assisting them ? No wonder Americans place politicians lower than garbage collectors when it comes to trust issues.

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