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UBS Wealth Management Senior Equities Strategist Pushes For Nationalization
#1 by jjjjsulit on August 10th, 2010
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UBS is under weight the financials sector. Talking your position you twat.
#2 by WordAndReason on August 10th, 2010
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I’ll bet all through Jan-Feb. every last one of these financial ”professionals” were like chickens running around without testicles or clues (they still are). I have no doubt that the commentator knew it too.
I can’t believe people like this guy are supposed to ”think” up and implement solutions.
#3 by incrowdcynic on August 10th, 2010
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So right. That or he doesn’t have a fucking clue. And look at the guys’ faces. Who is he pitching to?
#4 by WordAndReason on August 11th, 2010
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We remain cautious that there will be much leftover for the equity holders I just love the verbal dancing this guy does. Nowhere in his two answers, does he display any of the confidence he claims we need. He looks like hes sweating bullets actually. He actually thinks fear is a legitimate financial incentiveWay to go!
#5 by sugarpuddin88 on August 11th, 2010
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Spend Bill = 9.7 Trillion!
That includes 57 million for the marshy field mouse of S California!
I guess the mice will be much better off than the Californians!
(NYC refuses to prosecute over 100 Wall Street executives who used the corporate credit cards for prostitution – In one case $40K, and in another $27,000)
If you failed to buy the Yen Now is too late!
Thank god my money is in a foreign currency! The worse America performs, the more money I make!
Go America Go!
#6 by Richardgwm on August 11th, 2010
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See, when Wall Street calls for the government to nationalize the banks, that is sound free market policy. But when Barack Obama cuts taxes on the working poor. . . That is COMMUNISM
#7 by BayAreaLen on August 11th, 2010
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I think that will happen soon to the California state legislature. We have no budget, no tax refunds and are sitting on 20,000 state job layoffs and a hault on state construction projects.
#8 by averageworkinggal on August 11th, 2010
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The Swedes did not have to deal with off balance sheet entities such as CDSs.
Nationalization means nationalizing assets and liabilities.
The normal way for insolvency is bankruptcy.
When a Godzilla banks goes under like Lehman, it can trigger an investor panic like Lehman, and cause more dominoes to fall and capital to be sucked out of the economy.
#9 by CoxXximus on August 11th, 2010
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God … I really feel like beating up anyone wearing a BUSINESS SUIT !!!!
#10 by gsuitter on August 11th, 2010
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Bla Bla Bla
Let them go bankrupt then tar and feather the CEOs!!!
#11 by mcgloinm on August 11th, 2010
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Also is paying us $780,000 in fines for helping Americans hide some of their money to evade paying their total taxes. Good for UBS!
#12 by Mel1334 on August 11th, 2010
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I wouldn’t trust anything this bank or anyone affiliated with it says.
#13 by CarryANation on August 11th, 2010
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nationalization is the only way. Wipe out the shareholders, nationalize, sell off the assets of the ones you can’t save, and the ones you can save sell off in 5-10 years at a profit.
Whatever we do no “BAD BANK” scam where WE have to buy all the crap but get none of the profits.
#14 by CYLONEJACK on August 11th, 2010
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“socialism-A form of government which collects and distributes resources as it sees fit.”
Thats from Websters. If you pay taxes, the money is resources. Most governments of the world are socialist to some extent. I think its funny socialism became the word of the day when McCain was running and he started saying it. its not an original thought.
#15 by njcarlos1 on August 11th, 2010
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You’re totally right. We have a lot of social welfare programs. I’m not opposed to a social welfare sector, but it has to be very limited and efficient. Most of America’s programs are neither. In fact a lot just perpetuate the burdens they seek to remedy.
#16 by SubmarinerAndroid on August 11th, 2010
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no bailout, no nationalization!
#17 by hearingjuan on August 11th, 2010
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The system HAS got to be put through bankruptcy. Resistance is happening because they will realize that marking off “some” of those bad assets will consist of almost everything. USD$690 Trillion in derivative contracts CANNOT be paid. They have to put the banks through bankruptcy, and tell the hedge funds and investment banks that they WILL NOT get paid on their bad gambles. This will be bad for a lot of people, but the alternative is a complete collapse of the economy.
#18 by Pleblian on August 11th, 2010
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Isn’t it fortunate you live in a constitutional republic where you can win?
Your founding fathers saw through this kind tyranny and embedded provisions in the constitution to stave it off. The problem is, as with most forms of government, you don’t have self governing citizenry with the education to uphold it.
In essences: We’re the problem!
#19 by animeownage86 on August 11th, 2010
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A dictator gives no freedoms, spreads hate and division and gives everyone a pathetic amount of everything to keep them in order or a false democracy gives a few everything and leaves everyone else to be crushed to death with the freedom to spread hate and division on their own. You just can’t win in this world.
#20 by Pleblian on August 11th, 2010
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How true, the banks have us by the balls and are holding the country hostage until they get what they want.
The Banks engineered this bailout 5 years ago just like they did in the eighties and nineties. The only real difference is, they got they got rid of the option of bankruptcy which trapped people to foreclosure.
The banks are calling it “toxic assets” when they are nothing more then the hedge funds many of our politicians bought into, if anybody was paying attention.
#21 by animeownage86 on August 11th, 2010
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That’s the problem with capitalism first a business starts, then it grows to be larger the small business and crushes them and no one cares losing there jobs is just a game the corner store didn’t work hard enough to defeat a multimillion dollar corporation, then they grow so big they take over everything and then there own greed causes them to fail taking down so many innocent people down with them and republicans again don’t care. Then again pure socialism leads to stagnation no good either.
#22 by Pleblian on August 11th, 2010
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If you live in the states, you’re already socialized.
there are many different social control mechanisms that pose as a free market in your country but in actuality, they’re nothing more than a type of fascistism.
But you’re right, Socialism isn’t a good thing it just seems to be the only answer when faced with cooperate greed
#23 by njcarlos1 on August 11th, 2010
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I hope that wasn’t a sly comment to imply socialism is actually GOOD. I love morons that comment who’ve never lived under a socialist government. My parents fled socialism, and they’ve vowed to flee America if we decide to be so foolish to go down that path.
#24 by Steadno on August 11th, 2010
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remember your words blue pill popper!
#25 by Urschleim on August 11th, 2010
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fuck narrowminded retards who need to simplify the complex world into NWO conspiracys.
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