Wednesday, August 19, 2009

Zurich Bankers Feel the "Chicago Way"

After failing to "man up" and protect its centuries old banking laws and thereby eviscerating the competitive advantage of its global banking franchises, the Swiss government has decided that maybe they don't want to own just another big bank. Maybe I am overstating it. Swiss banks will still shelter the fraudulent billions of African dictators, they are just throwing a few Americans under the bus. Still why own the bank with the biggest presence in America?

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