UBS Will Fail Soon

ByLoSellHi · Feb 19, 2009

Calling it.

They'll fold within the next 60 days.

They have no purpose to be or competitive advantage, and are being starved of capital.

trendy · Feb 19, 2009

Not a chance. Swiss government will never let it happen.

jaythebull · Feb 19, 2009

Is it too little too late? Can the Swiss government provide a backstop for someone as big as UBS?

ByLoSellHi · Feb 19, 2009

I'd say 90% of UBS's reason for being was tax shelters, so....

...they're toast.

brocklanders · Feb 19, 2009

hear, hear

startraitor · Feb 19, 2009

Domiciled outside of our reach twice removed. Pay up and move on, more wealth to shelter now than ever.

number22 · Feb 19, 2009

Quote from ByLoSellHi:

I'd say 90% of UBS's reason for being was tax shelters, so....

...they're toast.

Have to wait and see on this one, don't think UBS will go down without a fight. If UBS release its US clients list, yeah, it will be very likely.

mokwit · Feb 19, 2009

Considering the % of Swiss GDP UBS represents it might be more accurate to say that Switzerland will fail soon.

sumosam · Feb 19, 2009

I agree that if you can't shelter your money from public scrutiny, i.e. avoid tax, why bank there? However, hasn't the franc been fairly strong? I think there is more interest than ever in the CHF.

Bestmiler · Feb 19, 2009

I had an interview with them and the interviewer didnt seem so happy about his job.