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Old 09.10.2008, 09:45
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marton marton is offline
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Re: How Safe is UBS

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You are right. The "man in the street" does not benefit. That man should pay more taxes so that the big private financial institutions can be supported.

These wholesale rate changes only benefit the large institutions. They can borrow money cheaper from the National Bank. They could pass the benefits to the retail borrower. Most probably they prefer to use the cheaper funds for other more lucrative purposes.
So how do these rate changes stimulate the economy; the owners of large institutions (like UBS - must stay on topic) just buy more cigars - it does not make them safer?

Marton
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