UBS is looking like a rotten deal
The UBS deal is not looking too healthy at this point in time. Hopefully our investment has provided for the latest can of worms. If we are just extending a loan, collecting dividend and can get our money back if we elect not to convert to shares, then we are ok. What is evident now is that putting money in ailing banks or organisations is not enough. We need to put our people in charge. With the resignation of Marcel Ospel, it would be good if we can put our top talents in to restructure the bank and save it before it goes to the pawnshop.