Swiss Bank Taking Threat Of Jail Time Seriously

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UBS apparently had a compliance "teach-in" about speculation/rumor spreading with its brokers Tuesday afternoon. Whether the meeting was held as a preventative measure or more of a "How To" tutorial is unclear. Have you been forced to take these classes? Let us know. Don't think we'll be hearing an affirmative from Goldman but anyone else? Lehman?

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Carl Levin is Seriously Pissed at the Swiss

Senator Carl “Shitty Deal” Levin has blasted the Swiss government withholding the names of withholding the names of certain UBS clients suspected of opening Swiss bank accounts to evade U.S. taxes. The Swiss lower house voted today to reject a U.S.-Swiss treaty that would have turned over about 4.450 out of the 52,000 UBS clients the Uncle Sam suspects of tax evasion.