Tuesday, April 01, 2008


Watching UBS advertising on CNBC while the caption on the tape under the ad announces UBS having to take a $19,000,000,000 write-down shows the irony of how Wall Street operates. Do as we say, not as we do is the mantra.

UBS blows out their hedge fund customers, kicks their Chairman out the door and wants to manage your money. Just another clue that they are far more concerned about their income than an investors outcome.

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