Serge Birbrair

What the Auction Rate Securities Settlement Doesn't Do

Jake, I am sorry to rain on your article, but I wish you do the due diligence the next time your write the articles appearing on Seeking Alpha.

Here is where the lack of due diligence shines bright:
www.nothingcontroversi...

Auction Rate Securities: Who's To Blame?

Like I said and 30 seconds ago Andrew Cuomo confirmed it:
His office represents the PEOPLE (us)

As far as penalty rates are concerned,
Michael, some of the current penalty rates are LOWER than they were prior to Feb 13th. Andrew Cuomo returns confidence into the market place and billions of dollars as well. When I get my money back, I'll buy real estate FOR CASH and us, the redeemed investors, will stop the slide of the housing market.

All well what ends well and I glad you taking this lesson in ARS in stride.

Auction Rate Securities: Who's To Blame?

Michael Steinberg, Cuomo, who is indeed very sympathetic to the banks and not investors, per your story,
invites more bankers to settle with investors he has no sympathy for, according to your fairy tale.
For your reading pleasure:
www.bloomberg.com/apps...

I hope you don't have anything against real journalists who do their due diligence.

Auction Rate Securities: Who's To Blame?

Michael Steinberg, do you have proof that Attorney Generals have no sympathy for investors or is it hearsay? I don't want to be "lolled into complacency" and I am questioning your expertise on the subject.

How could investor know that investor was buying the long term bond when no prospectuses were offered and the only information investor could rely upon were:
words of their brokers
published materials by brokerage companies telling them that the investment was "Cash Alternative"?

I appreciate your Monday Quarterbacking, but I see no substance in your post whatsoever.

There is a poll going on if you are incompetent or just enjoy your pontifications, stay tuned, we'll know by the end of the day from investors.
nothingcontroversial.c...

Have a nice day and do me a favor, do some due diligence before you write your next "well informed" opinion.

P.S. when you get the proof about the alleged positions of AG's we, the investors, are in the constant contacts with - please feel free to post them here for all to see how right you were.

All - this will be a very long wait, bring your pop corn and folding chairs.

Counterparty Risk Management: How Could So Many Be So Wrong for So Long?

The bankers have tremendous leverage with issuers.

Who the hell will underwrite the next muni-etfPreferred-Stud... issue if all major bankers say NO?

Those who need capital need bankers to raise this capital. I see them falling to bankers pressures next, as now it's not our but bankers money on the line.


Right now this is our money on the line, after UBS buys ARS they sold fraudulently to us from us, this will be their money and their pressure on the issuers. They'll do fine and make some in refinancing fees.

UBS: Can It Get Any Worse?

UBS - what's not to like!?

sergebirbrair.com/UBS....

Tax cheats heaven, incompetence temple, lawsuits galore,
United Bandits of Switzerland

How Deceitful Are the Big Banks?

Burt, if I was long LEH, I'd be touchy too. Have you ever heard of shorting the stocks instead of buying them?

How Deceitful Are the Big Banks?

Burt,
If A equals B and A equals C,
B=C

Financials of major Investment Banks you can find in this chart made by St Louis Federal reserve:

research.stlouisfed.or...


Bill, don't be afraid to generalise, the truth is scarrier than we all can imagine.

I double dog dare everybody to find scarrier chart in their lifetimes.

How Deceitful Are the Big Banks?

You don't say....
UBS and it's "cowboy style" banking makes it the best run bank in the world:
www.nothingcontroversi...

Systemic Weekend Reading

Greg,
the MOST troublesome part was:


The other systemic issue confronting the global financial system is, of course, regulatory incompetence. “Fooling Some of the People All of the Time,” by Greenlight Capital’s David Einhorn, tells the story of his six year all-in battle with the extraordinarily sleazy Allied Capital (ALD), and its sleazy allies at the US Securities and Exchange Commission:

It is a surprisingly dark story, in which Mr. Einhorn’s usual winning touch vanishes for most of the narrative. As he struggles to figure out why, he appears naïve at certain times, petulant at others. But he presses on anyway, confident that vindication will come. It never really does...

...Large chunks...amount to an angry man's recital of his grievances—and Mr. Einhorn has some good ones. An SEC lawyer who quizzed him aggressively about his short-selling methods later went into private practice and registered as a lobbyist for Allied.


It was sent to
Christopher Mulvihill - State of New York AG Office
SEC
B. Zvilev, State of Texas Securities Division,
Bloomberg
Dow Jones
and many others state and government regulators, prosecutors, attorney generals offices, and news persons.


We, the Auction Rate Securities investors who got caught in 330 billions mess, with UBS as a Key Player
appreciate your article and I hope it will open many eyes, including the eyes on the very top of the
SEC,
AG offices,
US Government and it's Financial Comittees.

Yours truly,
Serge Birbrair, ARS misled investor by UBS
arsclassaction.com

Retail Investors Stuck Holding Auction Rate Securities

I am looking forward to the next Attorney General willing to throw the Martin Act the brokerage houses and put a few perps in prison.
www.nothingcontroversi...

This is a swindle of the century. Time to clean the house.

UBS Joins ETN Marketplace with Eight Fund Launch

Neither I nor others UBS clients whom UBS put in Auction Rate Securities will be supporting UBS products.
How can one trust institutions who promissed us CASH EQUIVALENT liquid paper and in reality delivered us the good chunk of $330,000,000,000 mouse trap we now can't get out!?

I be avoiding EVERYTHING sponsored and underwritten by UBS untill UBS makes the clients whole.

Serge Birbrair whose CASH EQUIVALENT sold to me by UBS in the form of College ARC's are now priced by UBS at 80 cents on the dollar.

UBS Plan Could Be the Road Map for Financials

Todd, UBS has more illiquid assets besides subprime mortgages.

What about illiquid ARS they have in their own acounts?

What about ARS they are about to purchase for their mutual funds?
www.nothingcontroversi...

Does UBS Writedown Signal Banks Have Touched Bottom?

UBS problems are not over. They seems to be one of the worst offenders in Auction Rate Securities crisis www.arsclassaction.com
With class action law suit filed and individual law suits on the horizon, 37 billions in write offs will not be the last chapter of this saga.