Dramatic! I think I just lost $2.3 billion dollars. UBS There goes my bonus! UBS
The same law firm that defended Nick Leeson will defend Kweku Adoboli. Good idea, get a legal team that has had experience. :-| (Perhaps also get Leeson on board for some advice, and pay for the inconvenience fee he charges for interviews )
Anything Phil Gramm and/or his wife Wendy are associated with cannot be trusted…. the Commodity Futures Modernization Act of 2000 with the Enron Loophole, UBS, the Gramm-Leach-Bliley Act giving us the mortgage crisis. John McCain wanted him for Sec. of the Treasury. And now, “Nation of Whiners” Phil Gramm endorses Rick Perry….
Nah, he’ll fire a bunch of US based employees in the name of “cutting costs” and get his bonus back.