11-10-2015, 03:01 PM
Drew Phipps Wrote:This is a common phase in commercial litigation. American companies, including banks, face similar jurisdictional risks if they do business abroad.
Just my opinion, we'd all be better off with greater transparency.
Where you have a bank that is a de facto government bank then there are additional considerations, I think. Usually the State Department gets involved and waves its magic wand and the law case goes away.
I once was involved in a LA class action lawsuit against the Vatican bank concerning WWII gold plundered from Yugoslavia by Ante Pavelic and his Ustashe, which was laundered through the Vatican. The State Department stepped in after the Vatican saw that it was going to lose the case and waved it's wand and the lawsuit went bye-bye due to diplomatic considerations.
For me, protecting a friendly power that helped out some of the worst nazi fellow traveller who perpetrated terrible atrocities and escaped punishment by fleeing to the west along the Vatican Ratlines together with their loot thanks to the criminal laundering of the IOR bank speaks volumes. That the State Department hasn't waved its wand in this case, likewise speaks volumes.
Just my opinion too. A level playing field for all or none for all, I think.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14