Tuesday, February 2, 2010

Just How Populist Does Obama Want to Get?

Enough to purchase a list of Wall Street tax evaders from a renegade HSBC employee?  Angela Merkel, facing far less angst at home than Obama, has now declared an interest in availing herself of the list.  The BBC puts the potential yield from for the country at a relatively modest $100m; for the US, it would undoubtedly be far greater.  Sadly, from a political perspective, the odds that the President would order up the list are remote.  Still, the story of how the list surfaced is worth checking out.

Update 2/4: LeMonde now reporting that the Germans stand to recoup "well above" the $100m figure initially quoted.