IRS Commissioner Discusses UBS Settlement
The big question - "Why Now?" (is it because we have a big deficit) is strategically left unanswered.
For earlier perspectives on this development, read here.
Additionally, we may soon be revising the analysis of the "top decile" consumer capacity to lead the economy out of the recession. It would be interesting to evaluate the impact of the billion of dollars that were just removed from the upper class' consumption capacity, and redirected to a much more "cost effective" Uncle Sam, to spend as he sees fit.
Courtesy of Fox Business Network