Please note that this particular political party has always held extreme views. There are other political parties that have opposing views, so that compensates. I checked the major newspapers and didn't find any articles that refer to this on their websites, so it's not considered important news. The UBS fraudulent business practices have been unanimously condemned throughout Switzerland.

Protectionism is creeping in. We're dealing with an all out economic war, no prisoners taken, all's fair in war. Countries want to repatriate every single dollar they can.

We've seen US investments and capital abroad being repatriated on a massive scale. With the IRS investigative gentle hassle having an account abroad is dissuaded.

Scapegoats to deviate the attention are politically most welcome exercises. With the numerous internal fraud cases e.g. subprime, Madoff, regulatory, derivatives et al, they're not so quick off the mark.

The hot money since many years flows to Dubai, Caymans, Abu Dhabi, Singapore, Hong Kong, Channel Islands to name a few. No questions asked as to the origin. A couple of electronic bank transfers to shift the money is quick and easy and leaves few traces.