FTC:WATCH Special Report: UBS trial, Part III: Decapitated cats and colostomy bags

(November 14, 2012) -- Taking money from U.S. taxpayers was standard operating procedure at many banks, including Swiss-owned bank UBS, according to a serialized FTC:WATCH analysis of testimony in the month-long trial of three of the bank’s key municipal desk employees. In this issue, Part III, which covers the second week of the trial, the focus is the defense’s rebuttal of the testimony of the government’s star witness, Mark Zaino, a mortgage bond trader who became a government informant....

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