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Switzerland plans to conceal secrets of Credit Suisse collapse for 50 years
By Pam and Russ Martens
Wall Street on Parade
Tuesday, July 18, 2023
The "Deep State" is increasingly feeling like the "Deep Banking State."
Try to get any meaningful information to unravel the corrupt and dangerous interconnections between global banking behemoths today and some government or other entity has slapped a padlock on the information.
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The latest example is the Swiss Parliamentary Commission of Inquiry that is delving into the collapse in March of the second largest global bank in Switzerland -- Credit Suisse. The Commission has announced that it plans to lock away the details of its findings for 50 years. (UBS, the largest global bank in Switzerland, bought the crumbling remains of Credit Suisse earlier this year.)
Reuters reported that the Swiss Parliamentary Commission of Inquiry is also requiring that "all persons participating in the meetings and the questioning are subject to the duty of secrecy, not only the members of the commission, but also the interviewees themselves."
The news of the 50-year lockup of the reasons for a global bank's rapid failure is making headlines, on the basis that it's an affront to the public’s right to know -- which, of course, it is. But for decades the public has been suffering equally egregious lockups of information concerning the global banks based here in the United States. ...
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