UBS to Sell Stakes After $10 Billion in Subprime Writedowns

Discussion in 'Wall St. News' started by ASusilovic, Dec 10, 2007.

  1. its true - whats the point if they lie every time? its a transparent fed? if they lie about rate cuts - why wouldnt they fudge numbers?
     
    #11     Dec 10, 2007
  2. But they have :) Remember the mid september job report at -4k that was somehow revised to +90k in october ( the consensus estimate on september) ... chopper ben cooking the books isnt new and they will probably do it again
     
    #12     Dec 10, 2007
  3. S2007S

    S2007S

    More write downs and the market moves higher due to cash infusions, this is a real positive for the market, only holding it up by a thread at this moment. What a joke. Im sure the federal reserve will listen to wallstreet and give them 50BP and a .25 -.50 on the Discount as well. Wallstreet will be real ticked off if they only get .25.
     
    #13     Dec 10, 2007