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  • UBS Plan Could Be the Road Map for Financials [View article]
    itsjust,

    i get that. my point is that by doing it that way they do eliminate future writedowns and have the "kitchen sink" event everyone is waiting for. at least in this way, investors can move forward with more clarity as to what the value of what is left is
    Apr 07 10:09 am |Rating: 0 0 |Link to Comment
  • UBS Plan Could Be the Road Map for Financials [View article]
    its just...

    if they sell chunks, they do not write if off, correct? if they "spin it", then they recognize the proceeds and get rid of the bad loans, right?

    i am not a CPA but that seems logical... (not that logic and accounting are synonymous)
    Apr 06 20:10 pm |Rating: 0 0 |Link to Comment
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