UBS and its predecessor organizations have a long and global reputation for safeguarding the assets of the world’s wealthy people and entities. Now that the bank is buckling under the weight of its $48 billion in write downs so far this year, the Swiss government clearly recognizes how importance of keeping UBS alive and will
Wall Street Journal
This graph was in the WSJ Opinion page today along with an article questioning the Obama tax proposal. Interesting, but consider the conservative source: One of Barack Obama’s most potent campaign claims is that he’ll cut taxes for no less than 95% of “working families.” He’s even promising to cut taxes enough that the government’s
Nothing aggravates and annoys me quite as much as journalists, investors, or anyone else for that matter, taking a short term view of things and predicting catastrophe (oh, and the British of course). The world (outside of Britain that is) is a pretty elastic and adaptive place. Things happen for a reason, people adapt and
What is in the news today besides Brett Favre being traded to the NY Jets and actor Morgan Freeman getting divorced after 24 years of marriage? The Olympics! “Staying afloat in a sea of drowning mortgage employees” is not an Olympic sport this time around. But if you’re interested, here’s the schedule of sports. VINTAGE