Sunday, February 12, 2012

Criminals are not STUPID: My reaction to Boo Chanco and Senator Chiz Escudero


I have to rephrase the title: Corrupt government officials are not numskulls. They have optimum mental capacity to do what they do.

................................
The impeachment tribunal is having hard times opening Chief Juctice Renato Corona's dollar account at PS Bank for scrutiny. And the culprit? RA 6426: the Philippine Bank Secrecy Law. Section 8 categorically states that "all foreign currency deposits" are "considered of an absolutely confidential nature" unless the depositor agrees to divulge its content.