Contact: Bob Harris

With recently retired Banque Privee Edmond de Rothschild Hong Kong CEO Bruce VonCannon running for Congress in the 6th District, it's newsworthy the normally hush hush Swiss bank has cut a deal with the Justice Department to turnover client records to the IRS.

Under the deal with 60 Swiss banks, Banque Privee Edmond de Rothschild is one of the 'banks that know or suspect they may have committed tax evasion offenses in the United States.'

The bank's clients get a limited time to fess up on any tax crime or face prosecution because Banque Privee Edmond de Rothschild has thrown them to the wolves to get a better deal from Washington.

Here's my take. Most of us already get hosed on taxes. But there are people at the bottom of the scale ripping off the system with EITC and welfare fraud. And now Banque Privee Edmond de Rothschild is practically admitting they have been helping someone, presumably wealthy, rip off the system. And most of us are fed up with both the cheaters and the Washington money grabbers .

Which brings me to Bruce VonCannon. Being CEO of the key Hong Kong branch is a big job at Banque Privee Edmond de Rothschild. He's bound to be smart. But I have no idea what if anything he knew about criminal tax evasion at the bank. Nothing I hope.

But I know this. If Republicans nominate Mr. VonCannon, the day after the primary, the Democrats and their media allies will start hammering a theme. What did Bruce know and when did he know it?

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