UBS hits yet another brick wall – $26.6 billion gone

The days of cautious, conservative bankers are long gone. It’s much closer to high stakes gamblers in Vegas, but that would not be wild enough. (OK, maybe Bill Bennett.) This is the same group who is now receiving free money from the Federal Reserve to ease their pain. They want all of us to bail them out for problems they created, as if we’re the ones with deep pockets. How much more can the middle class afford? Gas, food, heating and Iraq are already crushing budgets and now this. Who will be the next sorry excuse of a bank that will cough up even more losses like this?

An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

Share This Post

© 2021 AMERICAblog Media, LLC. All rights reserved. · Entries RSS