UBS to Reveal Tax Evaders

In one headline, the U.S. just increased tax revenue during a recession…and you can bet it was under the gun from the Obama administration to do just that.

As the linked article states, Swiss Bank (UBS) is going to reveal tax evaders. There are going to be some big names who come out on this one except for possibly those that were paid to let them break the law for so long.

Speaking of Lobbyists.  As I’ve discussed here before, the biggest one of all is John McCain’s former economic adviser, the person who is mainly to blame for the housing crisis as he wrote the Gramm-Leach-Bliley act that repealed the regulation of Wall Street and mortage banking…your favorite UBS lobbyist and mine…Phil Gramm. Did I mention his wife was on the board of Enron? She took the seat there after Enron lobbied her in her previous job on the Commodities Futures Trading Commision…after she, of course, exempted them from regulation with the help of her husband sponsoring the “Enron Loophole” bill…the Commodity Futures Modernization Act of 2000.

THIS is how you take back a country…shame the criminals…and take back some of their loot.

Phil Gramm Bio

Wendy Lee Gramm bio

Which one of these Gramms led to the loss of hundreds of billions of dollars?

The answer is both.