ZagnZig

Risks Abound at UBS

Totally incorrect - UBS does not trade above its peers - it does not! The price-to-book of UBS is exactly even to peers - using Swiss francs currency. You are comparing CHF to US$! You wrote:"UBS trades at a 105% premium to its peers' average price-to-book multiple (P/B), and a 18% premium to the group's average price-to-earnings multiple (P/E) for 2009."

UBS is backed by the full faith of the Swiss Govt - they created a toxic fund to remove the bad loans from UBS balance sheet. The bank is profitable qrt-over-qrt and in fact has one of the best franchise values in banking. UBS is the only bank to have cracked the CHINA banking and is considered a must have with the Chinese. Now is the time to buy UBS - you will double your money in 1 year.

Get your facts straight!

Added Debt Won't Rescue the Great American Ponzi Scheme

He writes: “Consequently, solutions to date have not only failed to “fix” anything, they have made the problem worse.” How obviously wrong can anyone be? People, please do not forget the consequences and the scale of the crisis.

Imagine the “solution” this author proposes: C, BAC, WFC, MS, AIG, FNM, FRE, JPM…all failing? What sort of solution would that be? Any suggestion that letting them fail would be better than our current predicament is nonsense! What grocery store would remain; would you still have your job? How would you feed your family or keep them warm?

Violent civil unrest would ensue. The nation would be blown to pieces.

Reading the comments here makes me wonder if the people who think bank failures are the cure are not honestly considering the final consequences of their decisions.