Has It Really Come to This?

One of the big problems in the financial system over the last year has been the increasing challenge of ascertaining what banks have on their books--and what they have off their books as well. So in a world of shrinking certainty, or to put it a bit more scientifically, expanding uncertainty, we've been struck by a recent UBS spot that runs from time to time on CNBC and, yesterday, at the midpoint of NBC's Meet the Press. Here are the key lines:

What can you be sure of in times like these? You can be sure we remain committed to being one of the world's best-capitalized banks.

Has it really come to this? In their overt marketing messages, banks are selling their capitalization rates!? Interesting times, these, interesting times...

Comments

[Urbane Gori...:]

Spin! Spin! Spin! jegan ;-)

2008 Jul 28 04:02 PM

[notsosmart:]

cant believe anybody about anything.all have an agenda.think for yourself.lying is no longer considered a bad thing.etics is a dirty word.as the world spins so does wall st. & all the pols.the nuttiness goes on-renegotiate a contract.how crazy & worthless can it get.walkaway from the upsidedown home,car,boat, etc.taxpayers to bail out the rich.conservative socialism is here.how sad for my kids & grandkids.

2008 Jul 29 11:58 AM

[adan:]

smart advertising by ubs - may the msg remain true :-)

disclosure: no individual stock postions

2008 Jul 29 01:40 PM