Top executives at one of Switzerland's biggest banks said today they're sincerely trying to prevent tax evasion by U.S. citizens. They also said conflicting laws in the two countries make it almost impossible to do that. The chief executive of Credit Suisse appeared before the Senate Permanent Subcommittee on Investigations, which has been looking into the use of secret Swiss bank accounts by Americans.
The U.S. Supreme Court ruled today that investor lawsuits may go forward against investment advisors and others for allegedly helping Texas tycoon Allen Stanford in a massive fraud.
Stanford was sentenced to 110 years in prison for bilking investors in a $7 billion Ponzi scheme. The investors who lost money are suing others involved in the scheme, contending that they also engaged in misleading conduct.
If more were actually getting done in Washington, there probably would be much less attention focused on how few times President Obama and Speaker John Boehner have met face-to-face, and on their "relationship."
But Congress is testing new lows in terms of legislative productivity, which leaves plenty of time for journalists to muse about the president-speaker relationship, such as it is, on the day of one of their rare meetings.