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Swiss misinformation in the New York Times
August 3rd, 2009
The New York Times is carrying an article by a Swiss ideologue, Pierre Bessard, entitled Leave Swiss Banks Alone. Anyone reading it might be forgiven for thinking that Swiss bank secrecy somehow is a benefit to the world. We would like to correct a few points of fact, and of interpretation. First, he trots out the hoary old canard that bank secrecy started out, at least in part, as a way to protect money from the Nazis. We recently published the correction of this myth in the Financial Times, in our March 26 letter entitled Swiss secrecy laws...
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