Thursday, July 09, 2009

USA vs. UBS - Gooooo Swiss!

"...ZURICH/MIAMI, July 8 (Reuters) - A judge ordered the U.S. government to say whether it was prepared to shut Swiss bank UBS AG in the United States as part of a battle to learn the identity of 52,000 secret accounts suspected of being used by Americans to avoid taxes.

U.S. District Judge Alan Gold, set to preside over a hearing Monday of a suit seeking to force UBS to provide the information, asked specifically Wednesday about 'receivership and/or seizure of UBS' assets within the United States.'..."

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Go Team Swiss!

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