well, now in hindsight UBS might have been better off exiting the US market (pressure had been building up behind the curtains over an extended period of time). At least if they had no assets in the US, the US government could not force them to do anything....

On the other hand, I think what's slowly coming to the surface here is just the ugly thruth behind the Swiss private banking system.... virtually all private banks do actively help the clients evade taxes. Also the credit card trick that was mentioned in the news is something all banks here do.