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UBS

Ken Houghton | September 16, 2011 11:43 am

I won’t be saying anything publicly about this one. (Cue sighs of relief from ignorant economists.)

Kid Dynamite will.

Tags: proprietary trading, risk management, speculative trading Comments (5) | Digg Facebook Twitter |
5 Comments
  • Robert Waldmann says:
    September 16, 2011 at 2:17 pm

    I don’t really know much about finance, but I do know two things : Goldman Sachs almost always wins and UBS almost always loses.  I think they should stick to there core competency of money laundering.

    So what is the opposite of a vampire squid ?  A zombie octopus ?

    I admit that Citibank gives UBS a run for its money (dead octopusses don’t run very fast).

  • amateur socialist says:
    September 16, 2011 at 7:00 pm

    You mean there’s still such a thing as an error in this “heads they win tails we lose” regime?  I guess that’s news.  

  • Mike Kimel says:
    September 17, 2011 at 9:36 am

    amateur socialist,

    Oh, ye of little faith.  The answer to your question is:  “not for long.”  The previous bailouts didn’t happen immediately upon discovery of the problem.  Why would this one?

  • Mike Kimel says:
    September 17, 2011 at 10:18 am

    Make that

    Oh, ye of too much faith.

  • snjmom says:
    September 17, 2011 at 8:58 pm

    The failure to self-regulate invites legislation.

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