Tuesday, September 6, 2011
The Swiss Hogs Get Slaughtered, Perhaps (9/6/11)
The Swiss defense now is to have the pot (the Swiss) call the kettle black (more on the metaphor, here). The Swiss Bankers Association "chairman, Patrick Odier, urged the Swiss people and the government to 'put up a united front' and work out a solution that applies to all countries." See
Swiss Banks Urge ‘United Front’ Against U.S. Pressure on Tax Evasion (NYT via AP 9/5/11), here. The problem, of course, is that no other country is like Switzerland. In the past, Switzerland distinguished itself by out-cheating all other countries. If there is any truth, in the adage that "Pigs Get Fat. Hogs get Slaughtered," the Swiss should just suck up and take their medicine.