lsuavecito

UBS's Shell Game

None of this addresses the fact that UBS is being sued, by their own clients, for hundreds of millions. This is a result of UBS's sticking their clients with what appear to be worthless AUCTION RATE SECURITIES. These were represented/sold as AAA, money market, cash, short term notes. As auctions failed because UBS didn't step in, UBS clients were stuck with doo doo. UBS's answer to loyal clients is wait, or out of much generosity UBS will lend clients their own $$ at some prevailing rate; Highway Robbery!