Thursday, February 19, 2009

Mommy, Why Are Bankers Never Punished?

In a "striking admission," the Swiss bank UBS has confessed to "[participating] in a scheme to defraud the United States" of almost two billion dollars in tax revenue over the last 6 years.

The penalty? A $780 million fine and the naming of names of a few hundred of their 19,000 illicit offshore American clients (not the most important ones, I'm guessing...).

What is so wrong with imprisoning white-collar criminals guilty of ridiculously malicious fraud schemes? Why are they above the law, yet Wesley Snipes has to flee the country over $12 million?
“It’s a conspiracy against the IRS, basically to harass the IRS, from doing its lawful job in term of collection of taxes,” U.S. Attorney Paul I. Perez said at a news conference (regarding the prosecution of Snipes).
Oh. NOW I understand the difference...


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