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Old 08.01.2013, 08:13
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Re: Swiss bank Wegelin fights US summons

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Spend a lot of money fighting something that they're likely to lose given the Swiss government's tendency to do whatever the Americans want lately, while at the same time losing the ability to invest in American markets (e.g. their public FATCA stance), or... pay a small fine and take the rest of the money and run.

Seems like a smart, if regrettable, decision to me.
That "tendency" is based on the knowledge that whatever the Americans want is based on the USA constitution, which is the same as the one of Switzerland.
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