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Friday, July 31, 2015

From Hill-ary To Mountain-ary - How UBS Sent Millions To The Clintons After Saving The Bank In 2009

A few weeks after Hillary Clinton was sworn in as secretary of state in early 2009, she was summoned to Geneva by her Swiss counterpart to discuss an urgent matter. The Internal Revenue Service was suing UBS AG to get the identities of Americans with secret accounts.

If the case proceeded, Switzerland’s largest bank would face an impossible choice: Violate Swiss secrecy laws by handing over the names, or refuse and face criminal charges in U.S. federal court.

Within months, Mrs. Clinton announced a tentative legal settlement—an unusual intervention by the top U.S. diplomat. UBS ultimately turned over information on 4,450 accounts, a fraction of the 52,000 sought by the IRS, an outcome that drew criticism from some lawmakers who wanted a more extensive crackdown.
From that point on, UBS’s engagement with the Clinton family’s charitable organization increased. Total donations by UBS to the Clinton Foundation grew from less than $60,000 through 2008 to a cumulative total of about $600,000 by the end of 2014, according the foundation and the bank.


1 comment:

lmclain said...

That was a payoff.
The OTHER 48,000 people???
They also became big contributors to the foundation.
Only the "we need a woman President" (forget integrity, honesty, transparency, and criminal activities) cheerleaders think it WASN'T a payoff.
But this is how brazen she is....any and every prosecutor would look at that and IMPRISON "we, the people".
She refuses to answer questions and openly ignores Congressional subpoena's (we also get jailed for THAT, too).
Now, all you brainless cheerleaders, tell me there IS NOT "two sets of laws".
How long will we tolerate being slapped across the face before guns come out?
Thomas Jefferson said we are WAY overdue.
Just keep cheering....