UBS simply cannot buy a break these days. After weathering tens of billions in writedowns and losses and the US government’s attempt to crack open its bank account list, the bank now has another problem on its hands. Securities regulators from New Hampshire have filed a civil complaint against the Swiss bank for misleading investors who purchased principal protected notes and subsequently suffered massive losses once the underwriter, Lehman Brothers, went belly up.
“The safety of these products was exaggerated,” Jeff Spill, deputy director of securities regulation for enforcement, said in the statement. “UBS presented these notes as simple, safe investments when in fact they are highly volatile and are subject to shifting market conditions.”
You can just hear Mary Schapiro sharpening her blade.
UBS Sold Unsuitable Lehman Securities, New Hampshire Alleges [Bloomberg]
U B Sucks
… and the author of the Bloomberg story is…
UBS represented both these and ARC’s as being basically risk-free.
GREGORY, ITS YOUR FATHER, COME HOME IMMEDIATELY! YOUR MOTHER IS MAKING POT ROAST. YOU HAVE TO FINISH PREP SCHOOL NO MATTER HOW MANY BULLIES PICK ON YOU. IF YOU ARE NOT HOME BY 6 PM IM TAKING MY BELT OFF. YOU KNOW THE BELT WONT GO BACK ON UNITL IT HAS SPILT BLOOD!
Giuliani: My campaign staff has received some very disturbing
information regarding the fat content in yogurt that’s being
sold throughout the city.
I pledge to you now, that if I’m
elected mayor, as my first order of business I’ll appoint a
special task force to investigate this matter.
I promise you, my fellow New Yorkers, that Mayor Giuliani will do
everything possible to cleanse this city of this falsified non-fat
yogurt.
[sitting at desk with arms folded staring a Greg's post with utter contempt]
I’m a NH fund manager; what’s risk?
@3
Yep they sure did. Then along with every rating’s agency and MMF that bought lehman paper thought the same thing. This town will have no chance considering there was not a single person that would have predicted the Lehman bankruptcy. Besides the string pullers at GS that is.
ANUS
Greg is a useful as a poopie-flavored lollipop
At least Becky J has taken Blobaromo’s place today
Well at least he stopped trying to be funny.
In other news … Houston is a city with buildings…Its hot in the summer…sweaty ass is sometimes referred to as ‘swass’…
I thought nice job on this one.
@6 only good effort to be funny in trashing Greg. Everyone else needs to eat a dick and give the kid a chance.
I am enjoying Speed 2: Cruise Control more than Greg’s post.
Wouldn’t the little disclaimer at the end of every email cover this?
Does anyone know Dickran?
Leave Greg alone. You are all idiots who probably live in Texas.
Who’s Dickran?
moobs
@20 Greg, sign your posts
I know Dickran
I give Greg one week. Either he quits on his own volition out of shame or gets out of his misery by someone at DB.
For those of you who don’t want to click the link to dailybail that I used in #17, try this one instead. Same photo.
http://i3.photobucket.com/albums/y55/silverbeam/A%20CSM%20Blog/ElizabethWarren.jpg
The Guy from Delaware
TGFD that’s some funny shit. Not that I’m trying to encourage you …
@20 you are probably right. But that doesn’t change the fact that Greg is a brainless fucktard.
Heinous… or “hi anus”, whichever you prefer.
while hardly newsworthy, this story had some potential… bess or even ep could’ve turned it into funny. instead, greg waved his wand of shit and made a pile of worthless dung.
bravo, anus, bravo.
Mefgvt Awesome blog article.Really thank you! Fantastic.