UBS is in negotiation to reveal some 52,000 names on Swiss bank accounts. Well so much for the secrecy industry in Switzerland. One recalls that Panamanian Manuel Noriega was our friend, he took in the Shah of Iran. But when it was revealed he was becoming Swiss Bank West *see the movie Blow) with lots of drug money bank accounts he did not last long.
Whoops that link will not work, it is to the subscription WSJ, gee I wish we had that for all of us.
Bermuda and the Bahamas take note. I made a trip to the Bahamas as a Bankruptcy Trustee. There and in the Caribbean it is clear that the chief industry is wiring money to bank accounts. Satellite dishes are shall we say in evidence.
Professor Elam 
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