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UBS lost $30 million on Facebook IPO fiasco: source (Obama bailout for Robert Wolf, CEO/bundler?)
Reuters ^ | 5/25/12 | 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?
1 posted on 05/25/2012 4:39:50 PM PDT by jimbo123
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To: jimbo123

Laughable.

The Friday night news releases, that is. It is like waiting for the swallows to return.


2 posted on 05/25/2012 4:45:31 PM PDT by cicero2k
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To: jimbo123

UBS is immense. $30 million is about how much their execs spend on their monthly bar tabs.


3 posted on 05/25/2012 4:52:57 PM PDT by montag813
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To: jimbo123

You misspelled bungler.


4 posted on 05/25/2012 5:40:40 PM PDT by BipolarBob (Note: Whoever stole my copy of MS Office, I will track you down. You have my Word.)
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