The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Golfing with a Banker

Aug 31, 2009

Robert Wolf, the CEO of the Swiss bank UBS, played a round of golf with President Obama during Obama’s vacation.

What would they have to talk about?

Maybe the measly 780 million dollars paid by UBS last February, to avoid prosecution for helping rich U.S. clients evade taxes on a hundred billion dollars or so?

Maybe the 4,450 accounts holding 18 billion offshore tax-evaded dollars, that UBS just released to the IRS?

Or maybe the 47,550 similar accounts that the IRS allowed them NOT to release?

Naw. It was probably just a friendly game of golf between buddies.