A friend of a friend’s dentist’s cat-sitter told us:
“UBS is evidently exiting the entire MBS business. Friend’s mother just got a call saying that they were closing down the business and she would no longer have a job.”
Luckily, if the rumor about the rumor is true, there’s to be six months severance. But you know how cat-sitters are. Who knows if it’s true.
too feline, didn’t read
too feline, didn’t read
UBS AND DEUTSCHE BANK WILL BE THE NEXT BANKS TO GO KAPUT AFTER MORGAN STANLEY
Who’s AARP mother is still working on the MBS desk? Yoikes!
fuckin cunts, 6 months severence. we aren’t getting dick at leh, maybe some free street meat from the vendor outside 745…
@5
They let Lehman fail because your ceo was a DICK.
probably right, at least he got knocked the fuck out…
They’ve already exited Munis, closed the energy desk and closing down fixed income prop desk. Wouldn’t be a shock if they exited MBS. Was told by a poor bastard that still works there in fixed income that all those who are getting shot should find out by the end of next week. The goal is to make it a boutique so that they can sell it to some fool or spin it off down the road.
This market is getting ridiculous:
http://upzero.com
Everyone please join with me in finding ways to hurt the people behind upzero.com.
@10: I’ll contribute a firebomb.