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Old 10.10.2008, 14:01
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Re: How Safe is UBS

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The intention is not to make UBS or other bank safer. The intention is to encourage the banks to lend money to businesses.
The Libor rate for three-month interbank dollar loans rose by 0.3 per cent to 4.8 per cent today & the Swiss franc one (on which many Swiss mortgages are based) by 0.1 to 3.1 at this moment.

I hope somebody has better idea to get the economy moving.

Marton
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