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2016 Postmortem
In reply to the discussion: Guess who works for Phil Gramm at UBS? [View all]Octafish
(55,745 posts)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
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.
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IT IS... ALL ABOUT THE GD MONEY! Carvilee is A POS Corporatist as Well
CorporatistNation
Apr 2016
#48
Really Scary: UBS received $287 Billion bailout...and Phil Gramm still talks slow.
Octafish
Apr 2016
#24
They're all just one big happy family aren't they? We were so scammed! But not anymore thankfully.
sabrina 1
Apr 2016
#37
Mere mention of its existence brings out anguished (and now paid) cries of ''CONSPIRACY THEORY!''
Octafish
Apr 2016
#42
They are all Cronies Octafish, you know this...Bernie- has a minor in cronyism LOL
snooper2
Apr 2016
#17
Except wrt to the Panama Papers, a lot of us were painfully aware of this back in the day...
2banon
Apr 2016
#18
I like the way your thinking...I want them to feel the Bern...fuckers. Evil! nt
haikugal
Apr 2016
#29