Swiss Government Makes $1.1 Billion In UBS

Discussion in 'Stock Market' started by Toro, Aug 22, 2009.

  1. Toro
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    Toro Diamond Member

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    Switzerland's Profit on UBS: $1.13 Billion - WSJ.com
     
  2. Care4all
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    Care4all Warrior Princess Supporting Member

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    good news...

    was our lending done in a similar manner as their gvt lending/bailout?
     
  3. Polk
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    Polk Classic

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    Our assistance to banks included equity stakes for the Treasury, so similar upside is possible.
     
  4. Paulie
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    Paulie Platinum Member

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    Yes, I can't wait for OUR 1.1 billion to help bring that deficit right back down :lol:
     
  5. xsited1
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    xsited1 Agent P

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    How wonderful:

     
  6. Toro
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    Toro Diamond Member

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    The US government made a 26% annualized return on its investment in Goldman Sachs. The current investment in Citigroup is something like $20-$30 billion in the black.
     
  7. Paulie
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    Paulie Platinum Member

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    So I guess a health care bill will be a little less expensive to the taxpayers now :rolleyes:
     

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