UBS/ CS its 14th waiver in a role for corporate felonies,…Allowing for it remain one of the largest Advisor in the industry to US private pension funds…Of course it is not unique, but it has historically accounted for for 33% of all these waivers secured by the world’s top 15 banks —for whom the US private Pension Industry’s $14 trillion of AUMs is a very unique opportunity for abuse.
In the wake of Trump’s election, some have advised our hearty band at “United Against Money Laundering” and the “QPAM Coalition” to swallow this decision after a decade of efforts at the USDOL and move on.
My view is precisely the opposite; we have an opportunity to assemble an outstanding group of activists, ngos, academic experts, and directly affected citizens groups and trade unions in the US, Mozambique, South Africa, Angola, the UK, Germany, the rest of the EU, and even the honest law abiding majority of ordinary people in Switzerland, and seize the offense against this outrageous long term patter of serial corporate crime and STATE CAPTURE.
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