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French Minister Tasked With Fighting Tax Fraud Resigns For Having A Secret Swiss Account

Tyler Durden's picture





 

While everyone awaits in stunned silence to see what Citadel, GETCO and of course the NY Fed will do with stocks in the aftermath of the shocking Cypriot decision, which nobody has any idea how to respond to because as Europe made it very clear ahead of the vote, there is no "Plan B", here is some comic interlude. The name Jerome Cahuzac should be familiar to our readers: he is the French Budget minister who had been tasked with battling tax fraud. Well, technically it is not is but was: moments ago Monsieur Cahuzac resigned, for the same reason he had been investigated several months ago. Namely, having an "undisclosed" Swiss bank account. Minister in charge of battling tax fraud... resigns for having a secret Swiss account. We'll let that sink in for a bit before we go back to that other farce in the eastern Mediterranean.

 


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Tue, 03/19/2013 - 15:04 | Link to Comment fightthepower
fightthepower's picture

Fuck you Bernanke!

Tue, 03/19/2013 - 15:07 | Link to Comment ZerOhead
ZerOhead's picture

No no... that's Jerome Cahuzac. Although he does the same finger thing as Bernanke...

I wonder how his undercover investigations of Swiss bank accounts are going...

Tue, 03/19/2013 - 15:12 | Link to Comment McMolotov
McMolotov's picture

Much like a Masonic handshake, Monsieur Cahuzac demonstrates the symbolic gesture that international bankobureaucrats use in order to identify each other. It translates roughly as:

"Fuck you, I'm a rich, corrupt asshole, and that's why I grin like an idiot."

Tue, 03/19/2013 - 15:20 | Link to Comment Manthong
Manthong's picture

“what  (they).. will do with stocks in the aftermath”

Looks like it’s pedal to the metal on an bullish inverse head and shoulders.

Tue, 03/19/2013 - 16:37 | Link to Comment whotookmyalias
whotookmyalias's picture

I meant no secret bank accounts for you, not for me.

Tue, 03/19/2013 - 15:13 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

Well, no better or worse than having a tax cheat as a Treasury Secretary.

 

Tue, 03/19/2013 - 15:18 | Link to Comment Tom Servo
Tom Servo's picture

3 PM Ramp job in progress!

Tue, 03/19/2013 - 15:31 | Link to Comment TruthInSunshine
TruthInSunshine's picture

If the equity markets in the U.S. crash, it's light out-night night. They will expend every last round of ammo to prop this bitch up, at least trying to keep it from caving in.

Ben "Modern Money Mechanics Economic Foundation" Bernanke holds the fate of the current Pyramid Scheme in his pimp hand.

I've been claiming, with not a single refutation from any source, that the lone, symbolic force that is propping up whatever consumption is taking place (even if the majority of it is in the form of taking on more debt, or "re-leveraging") is Ben S. Bernanke's magical "Virtuous Circle," where the pump is quite selectively exhilarating & seemingly for free (money fer nuthin', chicks for free), but the hangover will prove it was anything but free, will be a real killer, and absolutely pound the majority (whether they temporarily felt wealthier from any transitory "stock portfolio ownership" balance sheet ramp or not).

Tue, 03/19/2013 - 15:18 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Sounds like another reason to go through Mrs. Sarkozy's underwear drawer!

Any volunteers?

Tue, 03/19/2013 - 15:20 | Link to Comment Tom Servo
Tom Servo's picture

Plz to b not doing this, as some people look at ZH at work....

Tue, 03/19/2013 - 15:29 | Link to Comment McMolotov
McMolotov's picture

This place is like a bar and a locker room and a trading pit rolled into one. What do you expect?

I work from home. Plz to b posting more titty pics, HH.

Tue, 03/19/2013 - 15:55 | Link to Comment kaiserhoff
kaiserhoff's picture

I wouldn't kick her out of bed, unless she wanted to do it on the floor;)

Tue, 03/19/2013 - 16:34 | Link to Comment whotookmyalias
whotookmyalias's picture

The boss just walked by and wanted to know if I accidently thumped my knee underneath my desk.  Yes I did boss and it sure hurts.

Tue, 03/19/2013 - 15:30 | Link to Comment Sequitur
Sequitur's picture

Fuck "work," no one cares. Commence photobomb run.

Tue, 03/19/2013 - 16:15 | Link to Comment Nobody For President
Nobody For President's picture

I also work from home, if you can call reading ZH while watching the markets react to this shit 'working' - so bravo the pix. (Dow up almost 4 points at the moment! We Are Saved!)

Gawd, Friday night humor has arrived early this week. What a day for this news to come out as Cyprus implodes.

Tue, 03/19/2013 - 16:42 | Link to Comment Ljoot
Ljoot's picture

Quit your job.

 

Tue, 03/19/2013 - 17:03 | Link to Comment thisandthat
thisandthat's picture

If you can read ZH at work, you should be fine with nekkid pics, too - the shocking content is in the text...

Tue, 03/19/2013 - 15:21 | Link to Comment Skin666
Skin666's picture

I'd give this cookie an hour before we were doing the no pants dance.

Time to musk up...

Tue, 03/19/2013 - 15:21 | Link to Comment Sudden Debt
Sudden Debt's picture

I'll take 2...
but with 2 gallons of silicone...
and a gillete rasor...

Tue, 03/19/2013 - 15:30 | Link to Comment SubjectivObject
SubjectivObject's picture

Fab as is.

 

Tue, 03/19/2013 - 15:37 | Link to Comment Sudden Debt
Sudden Debt's picture

any ride can be tuned.

Tue, 03/19/2013 - 15:49 | Link to Comment redpill
redpill's picture

I think I have an emerging market!

Tue, 03/19/2013 - 15:28 | Link to Comment Pairadimes
Pairadimes's picture

Please add one brazilian.

Tue, 03/19/2013 - 15:57 | Link to Comment falak pema
falak pema's picture

Cahuzac had less luck with his wife; they had an ugly divorce and her lawyer apparently was involved in getting the incriminating telephone conversation that was taped to the media who then published it.

Hell hath no fury like...and she took her time to extract her revenge!

Now coming back to Carla she is more poetic and that pic shows it! 

Tue, 03/19/2013 - 15:07 | Link to Comment localsavage
localsavage's picture

Pretty much a go to line these days.  On topic though....obvious the Swiss can't keep secrets anymore.

Tue, 03/19/2013 - 15:12 | Link to Comment max2205
max2205's picture

Flash...PPT buys market on Cyprus announcement...duh

Tue, 03/19/2013 - 15:08 | Link to Comment DJ Happy Ending
DJ Happy Ending's picture

Yet another hypocritical, sociopathic politician.

Tue, 03/19/2013 - 15:16 | Link to Comment insanelysane
insanelysane's picture

Rich socialist.

Tue, 03/19/2013 - 15:14 | Link to Comment insanelysane
insanelysane's picture

Status quo.

They make the rules.

Tue, 03/19/2013 - 22:13 | Link to Comment Buck Johnson
Buck Johnson's picture

The ball is rolling and it's starting to avalanche the mountain.

Tue, 03/19/2013 - 15:06 | Link to Comment Tinky
Tinky's picture

Damn those appearances of conflicts of interest.

Tue, 03/19/2013 - 15:10 | Link to Comment kaiserhoff
kaiserhoff's picture

Great.  He can go into business with Timmy and Simon Black running a tax advantaged investment firm.

Forward Soviet.

Tue, 03/19/2013 - 15:05 | Link to Comment Jam Akin
Jam Akin's picture

Do as I say not as I do.

Tue, 03/19/2013 - 15:13 | Link to Comment Joebloinvestor
Joebloinvestor's picture

The French politicians are concerned with the French after they take care of themselves.

Tue, 03/19/2013 - 15:06 | Link to Comment j0nx
j0nx's picture

I swear these mofos are the scourge of the planet. Everywhere I look corruption. Everything is a lie and everything is corrupt. The devil is running amuck.

Tue, 03/19/2013 - 15:06 | Link to Comment Belrev
Belrev's picture

The Cyprus central bank chief name is Panicos Demetriades. All you needed to know.

Tue, 03/19/2013 - 15:13 | Link to Comment Unprepared
Unprepared's picture

translation: Dimitri Panick

Tue, 03/19/2013 - 15:07 | Link to Comment DJ Happy Ending
DJ Happy Ending's picture
Tue, 03/19/2013 - 15:08 | Link to Comment swissaustrian
swissaustrian's picture

Socialism for the poor, facism for the rich!

His brother is quite an interesting fellow, too:

"Il est le frère d'Antoine Cahuzac, directeur général d'EDF Énergies nouvelles29 et ancien président du directoire d'HSBC Private Bank France"

http://fr.wikipedia.org/wiki/J%C3%A9r%C3%B4me_Cahuzac

Tue, 03/19/2013 - 15:06 | Link to Comment marco1324
marco1324's picture

He picked a good time to bury bad news.

Tue, 03/19/2013 - 15:07 | Link to Comment Waterfallsparkles
Waterfallsparkles's picture

Sad state of affairs when the France Finance Minister will only keep his Money in a Swiss Bank.

He must know that your Money is not safe in any Bank anywhere else.

Tue, 03/19/2013 - 15:07 | Link to Comment pods
pods's picture

There is another Baby Ruth in the pool.

pods

Tue, 03/19/2013 - 15:59 | Link to Comment vulcanraven
vulcanraven's picture

Doodie!

Tue, 03/19/2013 - 23:27 | Link to Comment Cpl Hicks
Cpl Hicks's picture

It's good!
(Chomp)

Tue, 03/19/2013 - 15:08 | Link to Comment Bastiat
Bastiat's picture

Classic!  And the picture is a beauty.

Tue, 03/19/2013 - 15:20 | Link to Comment Frozen IcQb
Frozen IcQb's picture

Now that's funny and the picture also!

 

Tue, 03/19/2013 - 15:08 | Link to Comment B2u
B2u's picture

Not read between the lines.  Just read the lines.  A picture is worth two words... 

Tue, 03/19/2013 - 15:14 | Link to Comment medium giraffe
medium giraffe's picture

Or in this case four words: "Fuck you, still smiling"

Tue, 03/19/2013 - 15:08 | Link to Comment Killer the Buzzard
Killer the Buzzard's picture

Sacre Bleu Cheese!

Tue, 03/19/2013 - 15:08 | Link to Comment Son of Loki
Son of Loki's picture

If you cross match most of those EU politicans with "secret" Swiss bank accounts you would probably find Trillions stashed away. Throw in African dictators' accounts and you might be able to pay the entire EU Debt!

Tue, 03/19/2013 - 15:08 | Link to Comment Cdad
Cdad's picture

But I thought you didn't get to be a "minister" of something unless you were above things like tax evasion, theft, and murder.  I thought government's was a  loving embrace...with intentions of protecting my interests?  I thought government officials had all the answers, including how much of my money should be confiscated to bail out a bad bank, and including how much my currency should be diluted to bail out lots of bad banks?

Please forgive my confusion, as my bunny hole recently went super nova.

Tue, 03/19/2013 - 15:10 | Link to Comment fuu
fuu's picture

Jamais danser avec le diable au clair de lune?

Tue, 03/19/2013 - 15:24 | Link to Comment NoDebt
NoDebt's picture

He sees nothing wrong with dancing with the devil by the light of the moon.  If you're going to be that big a hipocrite what's a little dirty dancing, especially with a close friend.

Tue, 03/19/2013 - 15:10 | Link to Comment ebworthen
ebworthen's picture

Guess a Swiss bank account is no longer a Swiss bank account.

Tue, 03/19/2013 - 15:10 | Link to Comment Debt-Penitent
Debt-Penitent's picture

Photo caption:  "See, read my lips.  I have no so-called secret accounts".

Tue, 03/19/2013 - 15:15 | Link to Comment Sudden Debt
Sudden Debt's picture

Fair chair!
Patriotisme!
Gerard Depardieu is a coward for not paying taxes!
Boehoe!

yeah....

so....

he's just steps down... and that's the end of it....

TAKE ALL THE MONEY FROM THAT BASTARDS ACCOUNT AND TAX HIM FOR ANOTHER 10 million in fines and throw his ASS IN JAIL LIKE THEY DO WITH EVERYBODY ELSE!!!

I have a friend who's in jail for 4 YEARS!!!! 4 YEARS!!!!
AND THAT IS ONLY FOR A SMALL TAX EVASION!!!
WHY DON'T THOSE POLITICIANS GO TO JAIL?!?!?

Tue, 03/19/2013 - 15:10 | Link to Comment Martin T
Martin T's picture

Good riddance

Tue, 03/19/2013 - 15:10 | Link to Comment Peter Pan
Peter Pan's picture

By the time all is said and done these bank accounts, wherver they are, may well be worth very little indeed.

Tue, 03/19/2013 - 15:10 | Link to Comment kralizec
kralizec's picture

Fuck France anyway.

Tue, 03/19/2013 - 15:11 | Link to Comment frenchie
frenchie's picture

the french exception

Tue, 03/19/2013 - 15:11 | Link to Comment Zola
Zola's picture

The thing is he is one of these utter hypocritical leftists who claim to be "for the people" etc.. advocating tax hikes, high government control etc, while living the luxury lifestyle and behaving like a capitalist. I just absolutely ABHOR these hypocrits. Now in itself having a swiss account is the RATIONAL thing to do giving the massive incompetence, lying and fraud. But he just didn't figure out that even that was not so safe anymore. I guess at some point you cannot keep running and hide. You have to FIGHT. MOLON LABE!

Tue, 03/19/2013 - 15:12 | Link to Comment Yen Cross
Yen Cross's picture

  I'll bet that worthless POS Cahuzac sent his resignation from some undisclosed 'banana republic' location.  The French should impale him on a long stake(ass end through the mouth) in front of the Parliment.

Tue, 03/19/2013 - 15:11 | Link to Comment Sudden Debt
Sudden Debt's picture

I can only say....
WHOEHAHAHAHAHAHAHAHAHAHAHAHA
THIS IS A HYPROCRITIC WORLD!!!

ONE DAY, THEY'LL ALL HANG!!

Tue, 03/19/2013 - 15:11 | Link to Comment Seasmoke
Seasmoke's picture

This is what happens when you let other humans , TELL you how to live YOUR life

Tue, 03/19/2013 - 15:12 | Link to Comment news printer
news printer's picture

Fuck me; what a week

Tue, 03/19/2013 - 15:18 | Link to Comment McMolotov
McMolotov's picture

And it's only Tuesday...

Tue, 03/19/2013 - 15:22 | Link to Comment fuu
Tue, 03/19/2013 - 15:26 | Link to Comment chunga
chunga's picture

For kicks, I switched from ixquick to google and keyed in the word fraud.

It spit's out "About 271,000,000 results (0.18 seconds)"

OK, changing back to ixquick now.

Anybody else having trouble connecting to ZH? It sucks because if it doesn't come right back up we get ready to grab our GTFO of dodge bags.

Tue, 03/19/2013 - 15:30 | Link to Comment McMolotov
McMolotov's picture

I think the site is getting slammed today.

Tue, 03/19/2013 - 15:12 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

How else was he to pay the expenses of his mistress?

Tue, 03/19/2013 - 15:31 | Link to Comment McMolotov
McMolotov's picture

Not to mention the gay stable-boy.

Tue, 03/19/2013 - 15:14 | Link to Comment timbo_em
timbo_em's picture

This minor incident surely won't affect President Hollande's popularity, right?!

Just yeaterday he seemed so happy because he could announce that Airbus sold some planes to Indonesia.

Tue, 03/19/2013 - 15:12 | Link to Comment medium giraffe
medium giraffe's picture

Apparently he's been stuck on hold all day with the Bank's tech support because he couldn't remember his PIN number

Tue, 03/19/2013 - 15:13 | Link to Comment tony bonn
tony bonn's picture

and the haute punditry ridicule italians for having elected a comic - hysterical laughter ensues.....

Tue, 03/19/2013 - 15:14 | Link to Comment orangedrinkandchips
orangedrinkandchips's picture

when the music's over.....turn out the lights!

Tue, 03/19/2013 - 15:14 | Link to Comment eclectic syncretist
eclectic syncretist's picture

It's a good day to buy some silver.

Tue, 03/19/2013 - 15:16 | Link to Comment Stuck on Zero
Stuck on Zero's picture

We live in interesting times.  The public attention from the bad news of one scandal is diverted by another scandal.  Heck, we'll never run out of these.

 

Tue, 03/19/2013 - 15:16 | Link to Comment thewayitis
thewayitis's picture

   HAhahahahaha...LMFAO

Tue, 03/19/2013 - 15:17 | Link to Comment IridiumRebel
IridiumRebel's picture

You can't make this shit up.....

Tue, 03/19/2013 - 15:45 | Link to Comment Rustysilver
Rustysilver's picture

IridiumRebel,

Yes you can but it would not be surreal.

Also, helps if you have a distorted view like i HAVE.

Tue, 03/19/2013 - 15:20 | Link to Comment francis_sawyer
francis_sawyer's picture

Tuuuuuuhhhhhhhn dat frown upside down, Mon... Jah Love!

Tue, 03/19/2013 - 15:34 | Link to Comment Jam Akin
Jam Akin's picture

you feelin' irie francis_sawyer?

Tue, 03/19/2013 - 15:19 | Link to Comment Skin666
Skin666's picture

We're all in this together Bitchez!

Tue, 03/19/2013 - 15:21 | Link to Comment NuYawkFrankie
NuYawkFrankie's picture

No doubt Captain Renault would be "Shocked! Shocked!"

Tue, 03/19/2013 - 15:22 | Link to Comment Hoppingpot
Hoppingpot's picture

"Set a thief to catch a thief" is the ony excuse I can think of.

Tue, 03/19/2013 - 15:22 | Link to Comment Yen Cross
Yen Cross's picture

     (looking at that pic)   He just got botoxed, so no one can tell when he's lying.

Tue, 03/19/2013 - 18:56 | Link to Comment Seychelles
Seychelles's picture

Whenever he opens his mouth......

Tue, 03/19/2013 - 15:23 | Link to Comment gwar5
gwar5's picture

And so now he can't buy a gun in the US either because he has dementia and forgets things. These socialist pricks make me sick.

 

Chavez's shortened plunder, starting from nothing, still gave him a net worth of $2 Billion at his death. The Castro Brothers are also have a net worth $2 Billion. Why do the 'social justice' robots remain agog over these sociopaths? 

Tue, 03/19/2013 - 15:40 | Link to Comment ozzz169
ozzz169's picture

Cause they are too stupid to know better. (problem is they think they are smarter than everyone else.)

Tue, 03/19/2013 - 15:27 | Link to Comment LukeWorm
LukeWorm's picture

Actually he closed the account in 2010 and moved the money to Singapore 

Tue, 03/19/2013 - 15:32 | Link to Comment semperfi
semperfi's picture

I'm sure it was a turbo tax error - advised him on opening that account

Tue, 03/19/2013 - 15:35 | Link to Comment tradingdaze
tradingdaze's picture

I'm sure the Bernanke won't mind sharing his song.

You can't hide your lyin' eyes
And your smile is a thin disguise
I thought by now you'd realize
There ain't no way to hide your lyin eyes

Tue, 03/19/2013 - 15:36 | Link to Comment ozzz169
ozzz169's picture

the only difference between this and the BS that goes on here, is that hear they would just vote themselves an exemption in the law (insider trading anyone?)

Tue, 03/19/2013 - 15:49 | Link to Comment smacker
smacker's picture

The French always play rank hypocrisy with great aplomb :-0)

Tue, 03/19/2013 - 15:52 | Link to Comment SmittyinLA
SmittyinLA's picture

The Cypriots should demand a EU Swiss bank tax assessment where they're far more likely to capture "hot criminal money". 

Tue, 03/19/2013 - 16:05 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Just smile when beeing asked but have no clue what Bitcoin is.

Tue, 03/19/2013 - 16:38 | Link to Comment Pairadimes
Pairadimes's picture

The only thing that is unquestionably true about this situation is that his replacement will be worse.

Tue, 03/19/2013 - 16:47 | Link to Comment crzyhun
crzyhun's picture

YESH, if you are French everybody fought the NAZI's- everyone was in the Resistance...right!

Now in french for they know it best

YESH, si vous êtes tous français a combattu le NAZI's-tout le monde était dans la Résistance ... droit!

Tue, 03/19/2013 - 16:41 | Link to Comment Moneyshot20
Moneyshot20's picture

Solid use of the Double Bird.

Tue, 03/19/2013 - 16:53 | Link to Comment DelusionalGrandeur
DelusionalGrandeur's picture

....it would be nice to know how many in our own crongress have secret black holes stuffed with tax payer, insider trading monies. These pricks know no bounds and should be swinging from bridges by the entrails of pedophillic priests. I hope this fucker gets that shit eatin grin pounded on his face.

 

Oh yeah, and fuck you bernanke, along with all your circle jerk, butt poundin buddies.

Tue, 03/19/2013 - 17:19 | Link to Comment skymaster
skymaster's picture

You can't make this shit up! Complete with the comments and pics! Classic!

 

Tue, 03/19/2013 - 19:36 | Link to Comment Voamerica
Voamerica's picture

Their is an interesting parallel to this situation in France. Here in the United States, we had the Chairman of the House Ways and Means Committee, Charles Rangel, a few years back did not declare income earned in a foreign country(Dominician Republic). He was head of the House Committe that is empowered to write tax law in the United States.

If you ever wonder why things are so messed up in the good old US, look no farther than Charlie Rangel, that paragon of virtue who nails you to the wall in paying taxes(April 15th, my favrorite day of the year!)but, he himself and his family

avoid paying taxes at all costs. typical elitist attitude, make the other guy pay, and avoid paying taxes yourself. Same thing in France, same thing with the rest of the elitists in the EU, and in the US Congress.

So the head of the tax writing committe skips out on his duty, but sicks IRS agents on you. Sounds fair doesn't it.

 

VO

Tue, 03/19/2013 - 21:36 | Link to Comment BigInJapan
BigInJapan's picture

B b b but he's a Socialist! How could this have happened? Surely this is the work of yet another vast right-wing conspiracy to rid the world of the blessings bestowed by another benevolent servant of the people. Nah! Just another "do as I say and not as I do" liberal liar.

PS: Fuck all the dumb cunts that voted for these Commie assholes. They wanted Socialism - now they've got it and I have ZERO sympathy for them as they get robbed blind.

Tue, 03/19/2013 - 22:45 | Link to Comment Hedge Fund of One
Hedge Fund of One's picture

"That Swiss Account was part of my investigation of Swiss Accounts!"

Wed, 03/20/2013 - 05:55 | Link to Comment lemarche
lemarche's picture

CORRECTION TO YOUR ARTICLE : HE USED TO HAVE ONE... (BUT, YES, STILL...) HE WAS BETRAYED BY HIS EX-WIFE !!!!! THAT'S THE OTHER BIG LESSON HERE................................

Do NOT follow this link or you will be banned from the site!