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Old 06.10.2008, 22:58
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Re: How Safe is UBS

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Meanwhile it appears Iceland is on the verge of bankruptcy. Europe is a farce.
From today's evening standard
"Trading in the shares of all Iceland's banks and financial institutions was suspended on the Nordic Exchange today ahead of a long-awaited bailout plan from the government.
The Icelandic krona fell 7% to a record low of 174 against the euro."

Marton
p.s. not much chance of the Government saving the banks, the banks assets are roughly 10 times what the Government owns.
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