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Carl Levin Crucifies Credit Suisse For Aiding And Abetting Tax Evasion: Watch Live
As we reported last night, in a scorching 175-page report, the Senate Subcommittee on Investigations threw the book at the second largest Swiss bank Credit Suisse for allowing up to 22,000 Americans to avoid paying taxes for years. Today is the obligatory post-report spectacle which since it is headed by Carl Levin, of Goldman "Shitty Deal", fame, promises to be quite a populist fest.
The Credit Suisse employees lined up for crucifixion are the following:
BRADY W. DOUGAN
Chief Executive Officer
Credit Suisse Group AG, Credit Suisse AG
New York, NY
ROMEO CERUTTI
General Counsel
Credit Suisse Group AG, Credit Suisse AG
Zürich, Switzerland
HANS-ULRICH MEISTER
Co Head, Private Banking and Wealth Management, Chief Executive Officer - Region Switzerland
Credit Suisse Group AG, Credit Suisse AG
Zürich, Switzerland
ROBERT S. SHAFIR
Co Head, Private Banking and Wealth Management, Chief Executive Officer - Region Americas
Credit Suisse Group AG, Credit Suisse AG
New York, NY
Watch it live below.
The full Senate report is below (pdf link)
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TAXES ARE A MAN'S BEST FRIEND!!
WE MUST ENSURE EVERYBODY GETS TO PAY SOME
AND IF POSSIBLE MORE!!!
IT'S IN THE CONSTITUTION!! the new one that is...
Epic wrist slapping!
Y NO PLEAD DA FIF'
this too shall pass ...
signed: frustrated
Ahh...the US Senate -"our" emplyees-reminding the peasants and peons-they can run but they can't hide-and neither can those aiding and abetting them!!
Levin is rertiring.... as a millionaire leach. Yet another despicable politician who has raped the system.
Starve the Beast ... and pauperize a KongressKlown.
How does one "rape" a system of legalized plunder?
"Levin is rertiring.... as a millionaire leach. Yet another despicable politician who has raped the system."
Like Ron Paul? Levin is one of the very few people in congress worth a shit.
And for people of his generation, not hard to have become a millionaire having bought a house in the right area and socked a little money away into usts each year, even with a median salary.
Next life, become a lifetime politician - Carl Levin - net worth over $2 Million.
He made his money the old fashioned way: Corruption.
Screw Carl Levin the fucking hypocrite. He is doing fine living the good life on the backs of the American tax payer.
The tribe show no mercy.
Do we curse Levin or praise him for being smart enough to recognize where a stupid voting block could be found election cycle after election cycle?
Sad time In the Land of the Free, when an elected official glorifies forced confiscation of property.
------->SnP 1860 breakout today (POMO)
------->SnP 1820 breakdown
Tax evasion is God's work. May you be fleet of foot.
Says avoid, not evade.
Avoidance is now illegal ?
If its up to the likes of Greedy Carl, yes.
Another dog and pony show. Wake me up when they drag the ropes and guillotines out. Until then it's all just so much bullshit.
when they publish the names..that is when it will get good..whos on the list...I bet quite a few politicians are
One can only hope we ever see the list
Three words Carl: Apple, Microsoft, Google.
Carl doth protest to much, me thinks.
Carl, maybe you should read Zerohedge...
..and would be willing to swear under oath you didnt know about this for years, that you know no one( hint: your peers) that stash away some to lots of theirmoney overseas? Come on Carl..
You are only doing your theatrical job because its still in the news...
Lets see justice, not Just Us
Switzerland needs to have a come-to-Jesus moment about what exactly their busines model is these days and whether or not they should accept the idea that neutrality is the new evil.
Mr. Senator you have just received an email indicating that your most recent account statement is now available online...
Oh, ahem…yes, of course…as I was saying, round up the usual suspects!
LMAO!
Man, CONgressional theater is just getting more and more polished, what with all their practice.
"Honorable" Mr. Levin; when are you going to crucify J.P. Morgan Chase and Wells Fargo for mortgage fraud and other skullduggery and malfeasance?
When are you going to crucify Apple for hiding hundreds of billions of taxable profits in a shell company in Ireland with no employees and just a P.O. Box?
When are you going to crucify HSBC, RBS, and other foreign banks for running drug money laundering operations and rigging LIBOR rates?
Crickets...
What is the point - its a dog and pony show. NOTHING ever happens - they could have film evidence of the four of them admitting to 100% of it and laughing and nothing would happen.
This is for political points only - its coming up on elections. The govt never enforces any laws against these corps or the employees - basically its pay a fine and move on no matter what happens.
To boot, the Fed has been handing out the money for the fines the last 5 years. I think they time these hearings/indictments with the cash hoards that are handed out by the Fed. This crap was likely known 3-4 years ago or more. Just like JPM. They hold off on saying or doing anything until the appropriate fine money has been passed out by the Fed. Then the govt takes it back. The public is happy they are "doing something" and all is well at elections.
What is the point - its a dog and pony show. NOTHING ever happens
THAT IS EXACTLY ALL THESE WITCH HUNTS ALWAYS ARE. It plays well to 99% of the 99% which is why they do it.
blowhard scumbag
Two words describe the foxes guarding the henhouse: 1) Levin, and 2) McCain.
Is this another "shiity deal" Carl?
Your loss are our lesson learned.
He "crucifies" while realizing that taxes in no way can fix the astounding deficit and debt burden problem hanging over the head of this country. With this considered, his misguided blustering is a vacuous facade.
We won't break any law that is not in our best interest to break.
Levin knows, as you state, full well this piddly amount of taxes he might get back will do nothing to help the deficit. The real reason is to give his buddies a heads up to move their money from this location into a more secure/secret one. And to let the rest of us know - just like that scene in The Road Warrior with the rabbit - that no one will escape. Nothing will get away. Nothing.
http://www.youtube.com/watch?v=ZfL4xKQeSfo
Unless these people are going to be either a) gang-raped in prison or b) carted off and gassed, I don't want to hear about it...
IRS Scandal, Day - what? Number 292 or so?
Our dear senators are exempt from "shared responsibility payments"...
IRS you will pay (obey) or face a “shared responsibility payment” when filing their tax returns in 2015. The term “shared responsibility payment” refers to the Obamacare individual mandate ..a tax on not buying health Ins..
Levin (who voted FOR Obamacare) can come after me, when I dodge his stinking Obamacare penalty.
Invoking my right to remain silent, I'll just twist one middle finger in the air, while making masturbatory motions with the other hand.
Contempt of Kongress? That's right, SIR!
I read all this hate of your politicians, sure everyone knows they are in bed. very angry people, yet NO BALLS!
Sad really
Whatever happened, its not a shortage if guns or patriots. Opps forget that patriot word, they have been exiled.
Very sad
Fuck you Carl.
Is that fucker still in congress? WTF, boy do we ever need term limits.
How about putting these guys in prison for once!
I agree, starting with Carl....
AS Celente says, politics is "show business for ugly people".
Gonna steal that line. Funny. Sad, but funny.
The Credit Suisse (and all other) douche bag banksters deserve a lot more punishment than a public hand slapping but having that fucker Carl Levin lead the charge is more than I can handle. What a fucking hypocrite.
Look at the other name on the cover sheet of the report: John McCain, Ranking Minority Member
He's rank alright.
Member of the tribe 'crucifying' someone.....go figure.
well dex, the oppressive government agencies need more funding, so Carl and his buddies figure they can shake down some of the fat cats, Carl believing that it's better to have more a powerful police state than to let the fat cats keep a few crumbs for themselves.....
Fuck that jackass bastard CL
asisna bastarda canicula
he won't do anything......ok maybe he will whine.
That's all.
Been there since when the state of Michigan was thriving and has overseen the decline of that once proud state. Way to go, jackass.
Screw the bank, screw the 22,000, don't stop screw all forms of off shoring.
Get ready to down arrow...
If I pay my fair share of taxes why shouldn't they, and you assholes?
It's not your money and it's not the government's.
How much did the IRS "lose". 22,000 and how much in taxes lost?
Was it 17 trillion?
Didn't think so...
Considering where we are today as a result of how all the tax revenues over the last fifty years were spent, the people who were able to avoid paying them should be revered as heroes.
Go suck a kosher pickle Mr. Levin, no one is buying your bullshit attempts to paint Switzerland as the new "bad guy", just because they won't go along with your "tribes"nation wrecking open immigration agenda.
What a joke. IRS is behind the times. More interested in abusing NFPs.
the honorable Carl Levin, the honorable John Corzine, LOL, vomit.
lets do the Kazaski russian dance and buy all dat real estate in Florida , trusts no faxes and flip to the Stars,
hint, see all da Hollywood pimps and wh, trying to dump their million homes in Holly, Bev, and Mailbu, no bids.l
what asset classes are non taxable? all cash, lol,
30% political contributions foreign.. DNC/RNC piggy bank..... LOL homeland Security..... SECURITY wants to profit from money laundering and bankers are just the conduit... MORAL HAZARD.... THIS IS CORPORATE AUTHORITARIANISM FASCISM... http://l.barackobama.com/cochairs/ Here is the crime syndicate they have withheld this information... heck Lew got 900k from Citi..... Clinton crime syndicate..... I DON'T HAVE TO TALK ABOUT MITT........RNC/DNC
IRS IS GOING AFTER WHO? THIS IS THE LIBERTARIAN PROGRESSIVE MOVEMENT.... NOTICE WARREN NOT THERE. NOTICE NSA/CIA/FBI/JUSTICE NOT THERE....
SWITZERLAND DOES NOT HAVE SDR'S SO TBTF MAFIA.. THESE LAWYERS ARE THE PEOPLE WHO SET THIS UP.
"As we reported last night, in a scorching 175-page report, the Senate Subcommittee on Investigations threw the book at the second largest Swiss bank Credit Suisse..."
Translation: "Pay us more or we'll make things difficult for you."
Pols and crats don't "investigate" things. Their committees and "investigations" are either to find leverage points for their benefit or to cover something up.
"I can make pol, crat and bankster stew with my guillotine."
Do you like jumping through tax code hoops, do you like hiring an accountant, do you like worrying about an audit, do you like figuring out what you can legally do with your money this year, do you like being manipulated by the tax code?
If your answer is yes do nothing, if it is no; start voting for people who pledge to abolish the IRS and the tax code, who will support the repeal of the 16th Amendment and who support the Fair Tax.
Repeal the 16th Amendment, abolish the IRS and the Tax Code, and enact the Fair Tax. Less money will go into politics because there will be no Tax Code to manipulate. There will be much less for the special interest groups to hijack.
Abolish the IRS and the 16th Amendment, stop the self-imposed insanity.
If only the government could get its hands on more revenue! That's what the problem is! /sarc
http://www.icij.org/offshore/secret-files-expose-offshores-global-impact
Kidding Joke Penny Pritzker sailed through both houses.. There are a a dozen of these clowns and thousands of donors....
http://l.barackobama.com/cochairs/ Julius Baer is a Swiss private banking group is Debbie Wasserman Schultz's account.
if you think for a second that Mitt Romney, McCain camps are different.
Bank of America, N.A., New York and Grand Cayman Branches, BNP Paribas, Banc of America Securities LLC and the other banks party thereto. (Incorporated by reference)Bank of Nova Scotia Trust Company of New York.
THERE IS BENEFICIAL OWNERS OF FORTUNE 1000 IN BANKING CABAL... FASCISM
Cayman, Cook islands, same as Cyprus.......
Dear Mr. Levin,
if you are looking for unpaid taxes, please go to Delaware first!
Regards