Many years ago, Martin Mull hosted a parody late night talk show called Fernwood 2Night, purportedly the UBS network, “the network that puts you before the BS.” (It turned me into a confirmed Martin Mull fan.)
Now comes UBS bank, the bank that puts the BS before you.
Sergeant Schultz, you may remember if you are old enough, turned a blind eye to the antics of Colonel Hogan and his motley band, saying, “I know nothink! I see nothink!.”
Jonathan Freedland points out that this same defense is used by international banksters to deny culpability in the antics of their underlings in stealing from their customers, violating the public trust, and destroying national economies. A snippet:
At present the financial uber-class expect to have the best of both worlds – all the rewards of being in charge without paying the price of responsibility. It’s an individual version of the injustice laid bare during the great crash: that while gains are privatised, losses are socialised. The bankers get the big bonuses when things go right, the taxpayers bail them out when things go wrong.