Guess who works for Phil Gramm at UBS?

[Octafish]

49. It is amazing, believing what history shows otherwise.

Robert Scheer from 2009:

As The Wall Street Journal reported, “The U.S. crackdown on clients of UBS AG is widening into a global hunt, with the government detailing in court documents how the Swiss bank and outside advisers helped Americans hide money using enterprises set up in Hong Kong.”

Was Gramm truly unaware of the widespread efforts at UBS to defraud the U.S. Treasury? Did extreme ideologically driven naiveté lead him to believe that the bank would never engage in such chicanery? In the past he was the first to deny any hint of business naiveté and indeed defended his being hired by a bank that benefited from his legislation. Deflecting any suggestion of a conflict of interests, Gramm told a reporter: “You know, there is something to be said for not hiring people who just came in off a turnip truck. I have always believed that when I left the Senate that I would go into financial services as something that I know something about.”

Well, what exactly did he know about those offshore tax shelters that caused a revenue shortfall of at least $100 billion that honest taxpayers have to make up?

SOURCE: http://m.truthdig.com/report/item/20090819_ubs_money_laundering_what_did_phil_gramm_know

With Corporate McPravda and Crapadaemia being what they are, I can understand the ignorance. What is sickening are those who know, and chose to ignore it.