Re: anyone stupid enough to tie themselves to the neo-liberal austrian bandwagon gets what they deserve, someone else is now their masters, snicker, UBS Writes Down $10B From Subprime Losses; Singapore and Middle East Investors Take Stakes

Number of messages in the thread: 1

1. Date: 2007-12-10 17:31:26
Subject: Re: anyone stupid enough to tie themselves to the neo-liberal austrian bandwagon gets what they deserve, someone else is now their masters, snicker, UBS Writes Down $10B From Subprime Losses; Singapore and Middle East Investors Take Stakes
From: Mani Deli <m...@s...ca> Search message by this author

On Mon, 10 Dec 2007 07:28:05 -0800 (PST), V...@t...net wrote:

>ZURICH, Switzerland (AP) -- Swiss banking giant UBS AG said Monday it
>will write off a further $10 billion on losses in the U.S. subprime
>lending market and will raise capital by selling substantial stakes to
>Singapore and an unnamed investor in the Middle East.
>ADVERTISEMENT

The guys all met in order to space out anouncments of their losses so
that Wall Street doesn't have a sudden shit fit. One or two a week
max.

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