That’s what secrecy does

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I'm still shocked by this statistic:

About 20,000 U.S. clients have about $18 billion on deposit with UBS in Switzerland, and about 19,000 of the clients have not disclosed their accounts to the IRS, the Swiss bank has told Senate investigators

I expected it to be bad, but not this bad.

95% non-disclosure? It's staggering.

That's what secrecy does for you.

And the Swiss wonder why they're under attack? It's amazing that they have the gall to defend themselves.