Get PJ Media on your Apple

Rule of Law

Eric Holder Gives Pass to Banking Criminals at Credit Suisse

March 17th, 2014 - 11:23 am

Cole detailed a number of small actions around the edges of the problem, but he failed to detail all of the resistance by DOJ officials to prosecute Credit Suisse officials who came onto American soil and shielded billions from the reach of the IRS. Cole admitted in his testimony that none of the small DOJ actions involve the key fourteen Swiss banks most heavily engaged in criminal conduct in the United States.

Levin said that Credit Suisse has illegally shielded up to $12 billion from the IRS.

Fourteen days after Cole was grilled, the Department of Justice announced a single plea deal with a lone Swiss bank official:

In court papers, Bachmann admitted traveling twice a year to the United States as an employee of a Credit Suisse subsidiary to meet with clients who maintained secret Swiss accounts as a means of avoiding U.S. taxes. He would show clients their account statements, and if they asked for a copy he would ask them, “Do you really want to keep the statement?” and suggest that keeping physical records of the account in the U.S. was a risk.

At another point, in a discussion between Bachmann and the CEO of the subsidiary that employed him regarding compliance with U.S. laws, Bachmann says the executive told him, “Mr. Bachmann, you know what we expect of you. Don’t get caught.”

Contrast Cole’s kid gloves when it comes to Swiss bankers with the aggressive treatment of Tea Party groups by Obama’s IRS.

Like so much in the age of Obama, who you are determines how you are treated by the administration far more than what actions you take. This is also a Department of Justice that acts appropriately only after Congress applies pressure.

<- Prev  Page 2 of 2   View as Single Page

Comments are closed.

Top Rated Comments   
Aren't we talking about the Obama Administration? You know, the body composed of the likes of Geithner, Kerry and Rangel?
Why on Earth would anyone expect tax cheats to prosecute people who enable tax cheats?
45 weeks ago
45 weeks ago Link To Comment
I wonder how many of these non tax payers donated to the Fascist-Democrat party.
45 weeks ago
45 weeks ago Link To Comment
All Comments   (14)
All Comments   (14)
Sort: Newest Oldest Top Rated
That's because the bank helped to fill up the Dems' election chest while the Tea Party forces them to drain it.
45 weeks ago
45 weeks ago Link To Comment
All things considered, it now appears that "AG" means "Anything Goes" (for the chosen).
45 weeks ago
45 weeks ago Link To Comment
The phrase "rule of law" and Eric Holder should never be mentioned in the same sentence.
45 weeks ago
45 weeks ago Link To Comment
45 weeks ago
45 weeks ago Link To Comment
Of course not, the prosecuters may be looking for a job soon and having people who owe them something is a great intangible that is harder to trace than cash;
45 weeks ago
45 weeks ago Link To Comment
The swissies can bite back big time. We need their help with financial crimes of a worse nature rather than some twaddle about tax avoidance, to which they point with pride relating to protecting Jewish assets during WWII.
45 weeks ago
45 weeks ago Link To Comment
I am sure the IRS has many excuses for this behaviour but here is one people may not have considered: As can be seen at https://www.credit-suisse.com/responsibility/doc/credit_suisse_cares_for_climate_en.pdf , Swiss bank Credit Suisse are climate alarmists, clearly on the same side as Obama. And you all know where the Tea Party comes down on this issue.
45 weeks ago
45 weeks ago Link To Comment
Of course, this was dropped.

DOJ demanded, under threat, the list of all account holders and Credit Suisse turned it over. Obama and Holder became VERY quiet. What does that tell you?

Which one is illegal?
A bank offering accounts to big money ---or--- Americans who have those accounts and don't file taxes on that income?

This is nothing but fodder cover for the Elite Dems.
45 weeks ago
45 weeks ago Link To Comment
- How did the U.S. government handle activities like Credit Suisse before 2009?

- Were there any prosecution of say Caribbean banks doing the same thing?

- Who were the Americans? Are they of both parties are Democrat stalwarts for the most part? If they were 70 to 90% Republican I could see a big deal made of this.
45 weeks ago
45 weeks ago Link To Comment
I'm sorry, Tcobb! I intended to "Like" your post but I hit the "Report Abuse" button right next to it. It said:

Tcobb
I wonder what the price was? Did the Swiss banks shield foreign money that came into the US as well, like-- just to pick a random hypothetical example, money that ended up as campaign contributions? --Nevermind, That example is silly. That would have been illegal.
45 weeks ago
45 weeks ago Link To Comment
1 2 Next View All