So, not even sure if this was on your minds but just to put your non-existant fears to rest, we’ll pass it on that yesterday in Zurich, Hartmuth Wetzel, a consultant for the Swiss bank said, “UBS won’t go bankrupt,” before adding “That’s my hope.” Not a rousing enough endorsement for you? That’s cool, Bloomberg checked out what mailman Peter Lampart, who just happened to be idling on his motorbike in front of the building, thinks of the bank’s prospects. Sayeth Lampart: “No, UBS won’t go bankrupt, Singapore is still there. Certain gentlement were a bit greedy, but they haven’t forgotten banking.”
Zurichers Say UBS `Won’t Go Bankrupt’ Like Swissair [Bloomberg]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
Which is what they all say right before they are beheaded.
Let them eat torte!
They were doomed as soon as they strayed from they core competencies of banking National Socialist accounts.
Say what you will about the third reich – but those cats were central bankers like you read about.
And I believe the trains were on schedule.
Bwahahahahahaha
http://www.cnbc.com/id/26986570
Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion.
To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection – a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end… It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.”
F.A. Hayek, 1932
#5- 500 to 2000 dollars. I can’t even buy a new Chloe bag for that!
(secretly thinking of my entry photos)
#7,I hear ya!
#2. Excellent.