Will Obama bail out his golf buddy/bundler/UBS Swiss Banker CEO Robert Wolf?
Posted on 06/08/2012 5:47:52 PM PDT by jimbo123
UBS has racked up losses up to $350m related to botched trading in shares of Facebook during the company's tumultuous market debut, according to people familiar with the situation.
(Excerpt) Read more at efinancialnews.com ...
Will Obama bail out his golf buddy/bundler/UBS Swiss Banker CEO Robert Wolf?
They keep blaming the technical problem but the share price kept dropping. Way over valued.
bungler is misspelled.
Boo. Effing. Hoo.
ubs would be the evil empire but it’s far too much like the gang that couldn’t shoot straight.
Way overvalued is right. It should be trading under $7 per share.
I’m waiting for the other shoe to drop....Facebook is not worth $10 a share, let alone $27.00. But they will probably dump all the over priced shares into some pension or 401k type funds when they get the chance.
I am invested in the stock market, but this is one stock I would not have touched with a “Flag pole”..too bad some ignorant people got singed.
The IPO from hell. A famous salesman once said nobody ever went broke underestimating the stupidity of the public.
My God! UBS was also in head-over-heels in the U.S. subprime mortgage market, too, weren’t they? What a bunch of buffoons.
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