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 | 3348832 fightthepower
fightthepower's picture

Fuck you Bernanke!

Tue, 03/19/2013 - 15:07 | 3348861 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 | 3348893 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 | 3348964 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 | 3349368 whotookmyalias
whotookmyalias's picture

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

Tue, 03/19/2013 - 15:13 | 3348910 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 | 3348946 Tom Servo
Tom Servo's picture

3 PM Ramp job in progress!

Tue, 03/19/2013 - 15:31 | 3348997 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 | 3348920 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 | 3348966 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 | 3349032 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 | 3349187 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 | 3349353 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 | 3349039 Sequitur
Sequitur's picture

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

Tue, 03/19/2013 - 16:15 | 3349271 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 | 3349396 Ljoot
Ljoot's picture

Quit your job.


Tue, 03/19/2013 - 17:03 | 3349502 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 | 3348975 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 | 3348976 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 | 3349040 SubjectivObject
SubjectivObject's picture

Fab as is.


Tue, 03/19/2013 - 15:37 | 3349094 Sudden Debt
Sudden Debt's picture

any ride can be tuned.

Tue, 03/19/2013 - 15:49 | 3349157 redpill
redpill's picture

I think I have an emerging market!

Tue, 03/19/2013 - 15:28 | 3349027 Pairadimes
Pairadimes's picture

Please add one brazilian.

Tue, 03/19/2013 - 15:57 | 3349197 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 | 3348862 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 | 3348902 max2205
max2205's picture

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

Tue, 03/19/2013 - 15:08 | 3348868 DJ Happy Ending
DJ Happy Ending's picture

Yet another hypocritical, sociopathic politician.

Tue, 03/19/2013 - 15:16 | 3348934 insanelysane
insanelysane's picture

Rich socialist.

Tue, 03/19/2013 - 15:14 | 3348927 insanelysane
insanelysane's picture

Status quo.

They make the rules.

Tue, 03/19/2013 - 22:13 | 3350792 Buck Johnson
Buck Johnson's picture

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

Tue, 03/19/2013 - 15:06 | 3348839 Tinky
Tinky's picture

Damn those appearances of conflicts of interest.

Tue, 03/19/2013 - 15:10 | 3348884 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 | 3348841 Jam Akin
Jam Akin's picture

Do as I say not as I do.

Tue, 03/19/2013 - 15:13 | 3348843 Joebloinvestor
Joebloinvestor's picture

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

Tue, 03/19/2013 - 15:06 | 3348846 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 | 3348847 Belrev
Belrev's picture

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

Tue, 03/19/2013 - 15:13 | 3348915 Unprepared
Unprepared's picture

translation: Dimitri Panick

Tue, 03/19/2013 - 15:07 | 3348848 DJ Happy Ending
DJ Happy Ending's picture
Tue, 03/19/2013 - 15:08 | 3348849 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"

Tue, 03/19/2013 - 15:06 | 3348852 marco1324
marco1324's picture

He picked a good time to bury bad news.

Tue, 03/19/2013 - 15:07 | 3348858 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 | 3348860 pods
pods's picture

There is another Baby Ruth in the pool.


Tue, 03/19/2013 - 15:59 | 3349203 vulcanraven
vulcanraven's picture


Tue, 03/19/2013 - 23:27 | 3350980 Cpl Hicks
Cpl Hicks's picture

It's good!

Tue, 03/19/2013 - 15:08 | 3348866 Bastiat
Bastiat's picture

Classic!  And the picture is a beauty.

Tue, 03/19/2013 - 15:20 | 3348963 Frozen IcQb
Frozen IcQb's picture

Now that's funny and the picture also!


Tue, 03/19/2013 - 15:08 | 3348869 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 | 3348921 medium giraffe
medium giraffe's picture

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

Tue, 03/19/2013 - 15:08 | 3348870 Killer the Buzzard
Killer the Buzzard's picture

Sacre Bleu Cheese!

Tue, 03/19/2013 - 15:08 | 3348873 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!

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