Member-only story
A(nother) massive Swiss banking leak
Sunshine won’t disinfect anything on its own.
Look, there’s been another massive banking leak, this one from Credit Suisse, showing complicity in laundering money for the world’s greatest monsters: human traffickers, despots, criminals. They’re calling it Suisse Secrets.
They had to call it that, because Swiss Leaks was already taken, for the 2015 UBS leaks that revealed UBS’s complicity in the same fucking thing.
As Jeffrey Neiman — lawyer for the Credit Suisse whistleblowers — told the Guardian, “How many rogue bankers do you need to have before you start having a rogue bank?” I’d add, given that this rot extends beyond Credit Suisse to UBS and undoubtably further, “How many rogue bankes do you need to have before you start having a rogue banking system?”
The friend who emailed me about this wrote, “After so many of these, I am accepting that these leaks don’t matter, and that those in power don’t actually want to fix the system. Sunlight isn’t doing any disinfecting at all.”
He’s not wrong, but that’s not the whole story.