Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Too Big To Jail? Credit Suisse Bank Pleads Guilty to Decades of Tax Evasion, But Execs Avoid Prison
Posted
May 20, 2014
Views
2,223
Likes
49
Comments
31
Engagement
May 20, 2014
2,223
49
31
3.60%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
4:26Now PlayingEuropean banking giant Credit Suisse has pleaded guilty to helping American clients avoid paying taxes by concealing assets in illegal, undeclared bank accounts becoming the largest bank to plead guilty to a criminal charge in 20 years. As part of the plea deal, Credit Suisse will pay about $2.6 billion in penalties and hire an independent monitor. But the bank will not be required to turn over the names of the Americans who used the bank to evade taxes. In addition, no senior Credit Suisse executives will face jail time and the bank will be allowed to continue operating in the United States. According to the New York Times, the Securities and Exchange Commission voted last week to grant Credit Suisse a temporary exemption from a federal law that requires a bank to hand over its investmentadviser license in the event of a guilty plea. We speak to James Henry, former chief economist at McKinsey and Company, now a senior advisor to the Tax Justice Network and senior fellow at the Vale Columbia Center on Sustainable International Investment.
Watch the full interview on Democracy Now!:
Photo Credit: flickr.com/dalenapier
Democracy Now!, is an independent global news hour that airs weekdays on 1,200+ TV and radio stations Monday through Friday. Watch our livestream 89am ET at
Please consider supporting independent media by making a donation to Democracy Now! today, visit
FOLLOW DEMOCRACY NOW! ONLINE:
Twitter: @democracynow
Daily Email
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
