For those concerned that Switzerland’s recent epiphany on taxes was going to invigorate the global campaign against frauds of all colors, former Swiss grey list partner, Luxembourg, offered some soothing words. When asked about how the damage from King Ponz’s scheme was going to alter the local financial landscape, the director-general of the Commission de Surveillance du Secteur Financier, Jean Guill, likened the impact from the $50 billion fraud to a mosquito bite.
“I don’t think it has really damaged in any measurable way the fund industry here in Luxembourg … You have to start from the fact that this was fraud and there will always be fraud
One can only admire the tiny tax haven for taking a leading role in disclosure advocacy with its ‘there will always be fraud’ campaign.
Eh, Greg, Luxembourg got itself off the grey list earlier than the Swiss.
Eh, by about two weeks?
And even if they did, it doesn’t change the tenor of the sentence – they’re still former grey list partners.
Greg, you’re going to have to adjust your email alerts to stories that people actually care about.
The Stanford post was probably your best ever, but posting shit about the Swiss, rating agency downgrades, or anything from MarketWatch or Fox is not cutting it.
Cox said it first
Greg,
Posting about topics for which people actually give a shit is the new killin’ it.
-BL
@2, true, but Greg hadn’t caught on to the fact that Lux is off the grey list, as is clear from this story and the previous one on the Swiss.
I guess finding a picture to go along with your horrifically uninteresting post was just too much work for a busy guy such as yourself
Psst Greg! I hear http://www.catfancy.com is looking for a web editor. Good luck to you and I’m sure Bess will waive the whole two weeks notice thing.
@4 didn’t you hear? Greg likes Cox