You + US = FUBAR!
oops.
UBS just announced *another* $10B in writedowns??? Blamed bad “subprime” mortgages of course.
holy crap.
anyone remember the good ole days when a “rogue trader” nick leeson lost a “mere” $1.4B and bankrupted Barings, a 233 year old bank?
what’s it gonna take before the first of these goliaths get involved in a “take under”?
another couple $10B here and there and that’s gonna start to add up to real money 
…at least until the fed makes it all go away with another rate cut. (that was sacrcasm by the way)
ciao,
fuBarrio
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