Swiss banking giant Credit Suisse has agreed to pay $2.6 billion in penalties because they helped over 20,000 wealthy Americans to illegally evade federal taxes.
Remember when the President was soundly criticized by the right as being anti-capitalism, anti-work ethic, when he dared to suggest government played a role in the affluent acquiring their great wealth?
Instead of referring to such federal actions as the building of infrastructure to support his contention he should now coyly say, “Oops, I meant Credit Suisse.” And, if he really wished to make a point he could mention UBS, another even larger Swiss bank, found guilty of the same criminal behavior in 2009.
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I am anchor
Robber Barons
Posted
Bill Schweers
Swiss banking giant Credit Suisse has agreed to pay $2.6 billion in penalties because they helped over 20,000 wealthy Americans to illegally evade federal taxes.
Remember when the President was soundly criticized by the right as being anti-capitalism, anti-work ethic, when he dared to suggest government played a role in the affluent acquiring their great wealth?
Instead of referring to such federal actions as the building of infrastructure to support his contention he should now coyly say, “Oops, I meant Credit Suisse.” And, if he really wished to make a point he could mention UBS, another even larger Swiss bank, found guilty of the same criminal behavior in 2009.
Then, consider; only one mid-level banking manager has gone to jail as a result of malfeasance tied to the recent financial collapse. This in spite of the fact all parties agree there were many more high level executives who caused much greater public harm.
While the banks face fines I have yet to see a public listing of those cheaters who participated in these illegal actions. Why is that? Are these individuals too big to fail? Above the law? What is the average person to glean from all this wrongdoing? What is Congress doing about it?
As another not so nice observation, what I find equally disturbing is these are the very individuals conservatives defend, saying their taxes should not be increased “because they earned it all!”
Sitting at my desk putting these few thoughts down on paper, I could not help but think of those moneyed Robber Barons from out of the nation’s past. And yes, I do realize not all the wealthy are Republicans — just most.
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