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UBS lost $30 million on Facebook IPO fiasco: source (Obama bailout for Robert Wolf, CEO/bundler?)
| John McCrank
Posted on 05/25/2012 4:39:40 PM PDT by jimbo123
UBS AG had trading losses of around $30 million stemming from Facebook Inc's botched initial public offering on Nasdaq OMX Group Inc's U.S. exchange, a source with knowledge of the situation said on Friday.
(Excerpt) Read more at reuters.com ...
TOPICS: News/Current Events
KEYWORDS: obama; robertwolf; swissbanker; ubs
Time for another bailout for Obama golf buddy, Swiss banker, bundler and UBS CEO Robert Worlf?
posted on 05/25/2012 4:39:50 PM PDT
The Friday night news releases, that is. It is like waiting for the swallows to return.
posted on 05/25/2012 4:45:31 PM PDT
UBS is immense. $30 million is about how much their execs spend on their monthly bar tabs.
posted on 05/25/2012 4:52:57 PM PDT
posted on 05/25/2012 5:40:40 PM PDT
(Note: Whoever stole my copy of MS Office, I will track you down. You have my Word.)
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