UBS losses rack up

[malaise]

http://news.bbc.co.uk/2/hi/business/7555485.stm
<snip>
UBS has said it will reorganise itself into three units, after announcing another set of sub-prime losses.

The Swiss banking giant said the three units would be global wealth management and business banking, global asset management and the investment bank.

The news came as UBS reported a loss of 358m Swiss francs ($329m; £173m) for the April to June period, despite hopes it might break even in the quarter.

The bank's sub-prime debt write-downs in the quarter totalled $5.1bn.

The second quarter loss was still much smaller than the 11.54bn Swiss francs it lost in the first quarter of the year.

Where is Phil Gramm?

[DemoTex]

1. Where is Fill Kilo-Gramm?

Counting their loot, Fill and Wendy are.

[malaise]

3. Take that to the bank

:D

[KharmaTrain]

2. He's "Fixing" Things

Just look in the backroom of the "Bullshit Spewing" express...he's there with Davis, Schueremann and all the other lobbyists making their deals. How much ya wanna bet UBS has its grubbies in the mess in Georgia.

Gramm's is being kept out of sight for now...but he's still on Gramps cellphone. Here's hoping that goon never gets near any real authority again.

Cheers...