Wachovia and Bank of America Doing the Right Thing

On this somber day, this report from Associated Press is distressing: Banks helped foreigners escape US taxes.

A yearlong investigation by a Senate Homeland Security and Governmental Affairs subcommittee, whose results are to be made public Thursday, found that the evasion of dividend taxes adds up to billions of dollars in revenue lost to the U.S. Treasury over the past decade.

They developed case histories involving six major investment banks: Citigroup Inc., Deutsche Bank, Lehman Brothers, Merrill Lynch & Co. Inc., Morgan Stanley and UBS.

I'm proud to see Wachovia and Bank of America NOT on this list. I'm sure these tax-evading banks won't be looking for relief from U.S. taxpayers. Yah, right?!