Monday, December 10, 2007

UBS GETS A BIG INFUSION FROM SINGAPORE

10 Billion dollars has been invested in UBS from the government of Singapore. How can the Swiss Bank need help ? They have all the mystery and intrigue and secret numbered accounts. I thought they had the largest capital of any bank in the world.

Who would have known they were strapped for cash ? This latest trouble is blamed on the subprime mortgage business. Will Asia and middle eastern money buy out all of our banks ?