Carl Levin actually said...

if the banks will not cooperate, citing Swiss secrecy laws, then we simply have to use our own domestic laws to force cooperation from the b...

The trouble is that the Justice Department has been deterred by the Swiss Government's law.

In the first quarter, the NNA, net new asset, for Client 5 was actually split 60/40 between Americas and Switzerland.

I have indicated that we hope that treaty will get ratified, but it has its limits, and it does not apply to thousands of accounts of people...