Monday, October 10, 2005

Comrade Castro and UBS

The New York Sun reports the relationship between Comrade Castro and the world's largest wealth management firm:
The world's largest "wealth management" firm, UBS, will be investigated by Congress for possibly laundering money for two state sponsors of terrorism, Cuba and Iran, lawmakers here told The New York Sun.

The Swiss bank, which operates a large financial services business in America, will be pressed about $3.9 billion deposited in UBS accounts by the Castro regime, according to Rep. Ileana Ros-Lehtinen, a Republican of Florida, who first announced the impending investigation on Friday. Possible improper financial dealings with the Islamic Republic of Iran and Saddam Hussein's Iraq will also be subject to scrutiny, she said.
That's a whole lot of money for someone who's supposed to be egalitarian.