The Black Swan ...of Absence of Secrecy
(Unlinkable note from http://fooledbyrandomness.com/notebook.htm)Note 99In the past, pre-Web days, people used to stash money in Switzerland. They felt safe --the last spot in the world where they could be found out is such a place with a long tradition of banking secrecy. Today, UBS –who lured many into concealing assets in its “safe” harbor – is going to hand the names of the clients to the...