Tuesday, October 07, 2008


Thanks to the Market Center Blog run by Freedom and Prosperity Center we get a report of a strong-minded Swiss banker. Well, Head of the Swiss Bankers' Association, Pierre Mirabaud by name, who gave a strong speech in defence of banking secrecy, confidential relations between bank and client, and the need for individual countries to formulate their own banking laws.

By the time he was saying all that, the financial crisis was more than just a panicky article or two by journalists without stories, so one must assume he will stick to his convictions.