Ouch. Thats going to leave a mark.
To: Proud_USA_Republican
"Switzerland's largest bank, which has been hard hit by the U.S. subprime mortgage crisis,"Switzerland's largest bank, which has been hard hit by the U.S. Swiss subprime mortgage crisis,. . .
UBS AG is in Switzerland. Is it our problem they are suckers for junk bonds? Why do you suppose they are called "JUNK"?
yitbos
2 posted on
04/01/2008 12:29:28 AM PDT by
bruinbirdman
("Those who control language control minds." - Ayn Rand)
To: Proud_USA_Republican
12 billion Swiss francs (US$12.1 billion)
Amazing!! The swiss frank is now worth more than the dollar!!
3 posted on
04/01/2008 12:30:39 AM PDT by
aquila48
To: Proud_USA_Republican
If this was a U.S. company the chairman would not be leaving but would be getting a 300 million dollar bonus for only losing 12.1 billion.
4 posted on
04/01/2008 12:31:18 AM PDT by
OKIEDOC
(Kalifornia, a red state wannabe. I don't take Ex Lax I just read the New York Times.)
To: Proud_USA_Republican
If this was a U.S. company the chairman would not be leaving but would be getting a 300 million dollar bonus for only losing 12.1 billion.
5 posted on
04/01/2008 12:31:38 AM PDT by
OKIEDOC
(Kalifornia, a red state wannabe. I don't take Ex Lax I just read the New York Times.)
To: Proud_USA_Republican
If this was a U.S. company the chairman would not be leaving but would be getting a 300 million dollar bonus for only losing 12.1 billion.
6 posted on
04/01/2008 12:32:02 AM PDT by
OKIEDOC
(Kalifornia, a red state wannabe. I don't take Ex Lax I just read the New York Times.)
To: Proud_USA_Republican
What's REALLY amazing is that UBS shares are currently up by about 10% and driving the rest of the European market green.
There are a lot of games being played...
To: Proud_USA_Republican
You can see what happened to the Hang Seng Index in Asia today when the UBS news was announced - then it turned right around and went green again.
Don't these idiots have enough foresight to look a few months ahead?
To: Proud_USA_Republican
The Dow futures just went green.
Hey everyone - the investment houses are hemorrhaging and needing immediate triage - let's go buy stocks!
To: Proud_USA_Republican
This means that they are MAKING about $7B per quarter, so this time next year all the losses will be gone and forgotten.
11 posted on
04/01/2008 3:53:24 AM PDT by
ikka
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