No I'm not. And he was just being crazy.

However, I believe that what you mean to say is that UBS' results proved the trolls right.

Also it is worth noting that outflows were not enormous. Something like 43 billion againt 2500 billion invested.

Something that we don't know though is which one of UBS' rivals you work for.

IIRC, UBS exceeds Basel_II requirements for First Pillar coverage of assets to address risk.

Yes, internally, there is some very necessary change being undertaken but as a bank for retail or private banking, your lolly should be safe.

You do know this kind of information is public.

Oh, Lob covered it already.

You do know the Federal Banking Commission is acting to raise minimum reserve ratios?

Oh.

You surely factored in the fact that the inflows have swung from positive 50 billion to negative 50 billion? Ah.

6% down on AuM is big for any private bank. Especially so if part of it is institutional money.

You also factored in the leverage effect due to C/I ratio deteriorating? Ah.

Rest assured my analysis has been proved right regardless of employer.

My point was that headlines reporting 43 billion outflow don't tell the whole story.

I think you are missing the point of the thread which was a simple enquiry as to whether or not UBS was a safe place to deposit money.

Is it possible that the presentation of your analysis is tainted by self interest ?

There are so many Swiss and other Banks to choose from. If you have the slightest doubt about UBS, then choose another.

now that we all agree on UBS ... it's time to hijack the thread in a slightly different (but more relevant) direction


anyone think Lehman brothers is too big to fail?

I'm willing to bet they don't last past this weekend

Dino, I agree looks like Lehman is the net skittle to fall. In my opinion if Freddie Mac and all the others can fail so can any other bank including UBS. I also was shocked when Swissair went bust. We are living in a time when nothing is sacred. Any firm not backed by a Government can go bust, especially if its managers have no clue what their employees are doing in the name of the company,on behalf of the management. I have no sympathy at all for all these so called Bankers, who rack up multi-billion write-downs. Their practices stink. They have ever more regulations, and yet still manage to lose money hand over fist. I find the losses something that collectively they should be ashamed of, I am shocked that so few fall on the sword, before it falls on them.

Safe as houses.

Too much of an easy bet - ain't playing
Korea is having a ball, playing cat and mouse. Bet they could eventually manage to let the stock sink like a stone and then still manage to put in the winning bid...

'twill be interesting, 'twill be

Paul

SPB

pure ignorance or incompetence wouldn't be so bad. even terminal stupidity can be guarded against. the problem here is that the bankers and politicians and regulators all play this elaborate charade that ends up with you and I getting screwed.

get this ... Fannie and Freddie were created by the US Govt, and returned hefty rewards to both shareholders and employees (especially the big boys at the top), yet were allowed to spend some $800 million and $100 million respectively on LOBBYING the same government over the last decade...

the Freddie CEO (who had his ass fired two days ago) will collect some $14 million in severance. MOST of this accrued due to a small clause that was inserted into his contract in July. Yes, thats July 2008. after it became clear that the ship was going down.

Thats not incompetence... thats simple theft. of taxpayer money.
anyone doubt that he shared it with the cops ???

Well, you know, I was watching the comedian, Carlin, just last nite...one of his shows on the US gov't/system


The sad thing, really, is that the audience is laughing, instead of being driven to a frothy fury.

So my guess is that folks are just going to have too many problems to find yet more inner reserves to stand up against this load'o'baloney and kick the whole lot out.
Another Carlin will eventually take the whole FreddieFannie schpiel to the stage, for the amusement of another audience.
Big Brutha' oughta be pleased :-/

paul

Playing cat'n'mouse has never been so profitable, methinks...

http://www.bloomberg.com/apps/news?p...6G4&refer=home

circling like vultures, just waiting for the victim to die :-/

Paul

damn ... missed it by a whole day

and ML - played a dirty trick by selling themselves... a bankruptcy would have served poetic justice better..

Washington Mutual and AIG are racing to the edge of the cliff... any bets on which one is going to leap next?

now located under your mattress presumably?

I tried putting it under the mattress, but these Swiss beds means it just falls on the floor Actually, I have a CS account too.

The UBS account is under the guaranteed limit, but I worry about how long the Swiss govt will take to pay out the guaranteed amounts. I wonder if I will be able to pay my bills in the meantime.

The questions are the litmus test of these sorry times.
Deposit your $$$ w/ Raiffeisen. It's a Cooperative bank and they don't take any of the stupid risks that UBS + CS took.

BTW and FWIW I do not work for Raiffeisen - it's just that in these recent months I have taken to like this little stodgy provincial (at least down here) bank. It's the lifeline to the local economy, funded by locals, managed by locals. You can always count on them to extend a couple hundred for a small public event, and their mortgage rates are fair.

BTW a video comment on FT.com suggested that the banks of the future will be more of the "raiffeisen" variety and less Gordon Gekko fiefdoms...

Food for thought.

Paul

UBS just breached CHF 16

Funny no one mentions GE.