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PARIS — UBS, the largest Swiss bank, said Wednesday that it would write off $14 billion in losses on the troubled US housing market and post a net loss for 2007...
UBS Takes a $14 Billion Write-Off
by David Jolly
The New York Times Jan. 30 2007
™ David S. Products
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Greg, not 2 Kerviels: only 1/2, the damage function is inverse.
The less Kerveil factor, the more it will allowed, and the greater damage you can write off.
Posted by: michael webster | January 31, 2008 at 18:03