I am of two minds on this subject. For one, I don't think that the US Justice Dept should be telling foreign financial companies what they should or should not do. On the other hand, UBS is harboring fugitives of justice essentially by protecting the names of people who stash their money in untouchable anonymous accounts.
I think UBS is afraid of a run on their banks from all the felons who are their clients who have been stealing from the world's working poor. Sacks of shit, the lot of them.
FTA:
"The customer data may not be given out," he said, "to protect the interests of the customers."
http://money.cnn.com/2009/02/20/news/international/ubs_court/index.htm?iref=topnews
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UBS also does business in the USA. To me, that means that they should have to follow us laws.
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