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The Swiss government is preparing today to make its final decision on the extradition of the Oversight Committee and parliamentary documents reveal the nature of their role in the rescue «UBS» Bank of appearing before the US judiciary on charges of concealment of dodging Americans from paying taxes, as a result of a secret known bank Hedge Formula Scam accounts in Switzerland. The Secretary of the Swiss economy Doris Leuthard last week announced its agreement to inform the parliamentary committee on confidential files without getting a copy of it, was rejected by the Committee on Parliamentary Oversight yesterday and threatened to form a parliamentary investigative committee to uncover the truth of the role of the Swiss government in the rescue «UBS» and Hedge Formula Software wallpapers decision hand over information about accounts and deposits 250 to 300 US customers in the bank.
Based committee of parliamentary control in its Hedge Formula Scam stance, the decision of the Supreme Federal Administrative Court of Switzerland, which has condemned last week's decision by the Swiss Supervisory Authority on the financial market, to take a decision to hand over the data to the US authorities the spring of 2009, following a complaint by affected by the decision. And it enhances the parliamentary oversight committee hardline position, the support of the Parliamentary Committee for Economic Affairs and the majority of the major parties except the Liberal Party.
However, the FSA defended the conduct that was the only solution to the lighter damage to save the bank from his appearance before the US judiciary, so it was likely that the seed bank «First» exposed in Switzerland and »II» globally in the field of private wealth management, to bankruptcy what can not be borne by the Swiss financial scene at all.
At the same time the Hedge Formula Review does not like to be a scapegoat Swiss government offered to the public, to avoid responsibility in the decision-making highly sensitive, so that banks, experts regarded it gradually pave towards the destabilization of secret bank accounts in preparation to eliminate them after an increase in pressure on Switzerland The United States, Germany, France and Italy.
Whatever the Swiss government's decision to comply with requests for commission of parliamentary control or engage in a challenge with the Parliament, will the story end there, so preparing for the Committee on Economic Affairs of the Swiss Parliament to make a request for information to question the government in front of the parliament in the Hedge Formula Review March cycle (next March), is a threat of confrontation is insignificant in front of the parliament, so an alliance for the first time a pole right and left politicians in Switzerland in this file, to express their lack of consent to what is described as the support is limited government bank «UBS» despite the many excesses, and the need to uncover the Hedge Formula Scam mysteries of the relationship between the two sides, and whether Switzerland has provided various Hedge Formula Scam concessions to the US government.
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