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And, yes, I DO take it personally: Q1 UBS loss at $12B - the global financial meltdown chugs merrily along
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Tuesday, April 01, 2008

Q1 UBS loss at $12B - the global financial meltdown chugs merrily along

actually, "chugs merrily along" is an understatement... it's really on an accelerating downhill luge run...
Swiss bank UBS AG says it expects to post first quarter net losses of $12 billion and to seek $15 billion in new capital.

Switzerland's largest bank also said in a statement Tuesday that it sees losses and writedowns of approximately $19 billion on U.S. real estate and related credit positions. Its chairman Marcel Ospel will step down, to be succeeded by Peter Kurer.

aw, c'mon... fercryinoutloud, let's stop this slo-mo collapse... let's speed it up and get it the hell over with, and let the chips fall where they may... "where they may" will undoubtedly include the fall of a number of criminal governments, and that of the united states is at the top of the list...

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