LaRouche: If UBS Goes Under, They'll All Go Under

13 Dec 2007

December 13, 2007 (LPAC)--The stock of Swiss giant UBS, the second biggest bank in Europe, keeps dropping as investors and 'experts' suspect that the Bank didn't really reveal its situation when it announced it was recapitalizing for 19.4 billion Swiss francs (about $17 billion) earlier this week. The general translation of what 'experts' are saying, in so many different accents of bankerese, is that UBS's recapitalization is proof of a panic reaction among bankers.

A blunt statement comes from La Tribune de Geneva, which reports: "Yes, UBS is doing badly. Sharply. Suddenly."

Even more bluntly, Lyndon LaRouche comments, "If UBS goes under, they'll all go under. UBS is not the weakest - many others are far more vulnerable."