Current Issue
Back Issues
 Subscribe to BartBlog Feed
How to Read
Members ( need password)
Subscribe to BartCop!
Contact Us
Advertise With Us
Link to Us
Why Donate?
The Forum  -
The Reader
Poster Downloads
Shirts & Shots
BartCop Hotties
More Links
BFEE Scorecard
Perkel's Blog
Power of Nightmares
Clinton Fox Interview
Part 1, Part 2
Money Talks
Cost of Bush's greed
White Rose Society
Project 60
Chinaco Anejo


Search Now:
In Association with

Link Roll
American Politics Journal
Barry Crimmins
Betty Bowers
Consortium News 
Daily Howler
Daily Kos
Democatic Underground 
Disinfotainment Today 
Evil GOP Bastards
Faux News Channel 
Greg Palast
The Hollywood Liberal 
Internet Weekly
Jesus General
Joe Conason 
Josh Marshall
Liberal Oasis
Make Them Accountable 
Mark Morford 
Mike Malloy 
Political Humor -
Political Wire
Randi Rhodes
Rude Pundit 
Smirking Chimp
Take Back the Media
More Links


Locations of visitors to this page

Why banks still run the world
  by Joe Conason


With Senate approval of crucial banking reform legislation increasingly in doubt, it is all too clear that the felonies 
and blunders of the world’s financiers have done nothing to reduce their political domination. Even UBS, the Swiss 
banking giant that pleaded guilty last year to abetting tax evasion and paid a $780 million fine, can still put in the fix, 
according to Bradley Birkenfeld, the former UBS banker who helped to expose the tax-avoidance scheme. 

In recent interviews, Birkenfeld claimed that U.S. political figures are among secret UBS clients whose names were 
supposed to be turned over to IRS and Justice authorities in a settlement of federal charges against the bank last year. 
He says that's why he is the only UBS employee currently doing time in an American prison, although he has assisted 
the U.S. government in recovering billions of dollars from crooked UBS clients --  of whom thousands came forward
last year under an IRS amnesty program.


They steal billions of dollars, then they get the IRS to promote an amnesty program
so they can get out of trouble without anybody finding out they were guilty in the first place.

What did they pay back - ten cents on every dollar they stole?

With considerable justification, Birkenfeld has complained bitterly about his treatment by the government for many months
and tried  to have his sentence reduced last winter. Now seeking clemency from President Obama, Birkenfeld insists that 
UBS friends in high places are still using their clout to protect the bank and its clients from the full consequences of its 
covert war against the Treasury. The ex-banker told Reuters that is why only he, among dozens of UBS bankers and 
clients implicated in the enormous scheme, is currently incarcerated at a federal facility:

"Where are all the people that are politically connected in Washington that had accounts at UBS?" Birkenfeld asked. 
"I'm telling you this is a political cover-up. Why is it that the whistleblower is the only guy in jail?" he said.

  Back to

Send e-mail to Bart

Privacy Policy
. .