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 |
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).
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.
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?
Oh, ye of too much faith.
The failure to self-regulate invites legislation.