Re:Switzerland embraces digital currencies and crypto-entrep...
by microtherion on Thursday February 22, 2018 @11:03PM
(#16444121)
In my opinion as a Swiss
- Large parts of our financial sector have never truly figured out how to make money doing honest services for honest customers. As traditional revenue sources (stealing from Nazi victims, hiding dictators' money, assisting in income tax fraud, LIBOR rate fraud) have gradually dried up, the prospect of a new, extremely shady, financial sector is irresistible to bankers and their political allies.
- The lack of imagination in honest banking is going along with chasing the tail end of trends, especially US trends. The large Swiss banks were always happy to provide the dumb money, e.g. in the 2008 crash.
So small wonder that a figure like Johann Gevers will find Swiss bankers and politicians eager to cozy up to him.
- Large parts of our financial sector have never truly figured out how to make money doing honest services for honest customers. As traditional revenue sources (stealing from Nazi victims, hiding dictators' money, assisting in income tax fraud, LIBOR rate fraud) have gradually dried up, the prospect of a new, extremely shady, financial sector is irresistible to bankers and their political allies.
- The lack of imagination in honest banking is going along with chasing the tail end of trends, especially US trends. The large Swiss banks were always happy to provide the dumb money, e.g. in the 2008 crash.
So small wonder that a figure like Johann Gevers will find Swiss bankers and politicians eager to cozy up to him.