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Oct 19, 2009 9:57 pm

Classic UBS.    The Dumbest MF's in the history of our business.



I think Goldman has a desk just for UBS.   They need someone for the other side of their winners.



Its their final check



"UBS like other side?"    BINGO    Go all in



idiots





UBS Accidentally Leaks Names to Post Office



BY MICHAEL COHN OCTOBER 19, 2009

UBS, the embattled Swiss bank that is being forced to divulge the names of about 4,450 account holders to the IRS, may have inadvertently tipped its hand on their identities by sending them registered letters through the U.S. Postal Service.



The bank dispatched the letters to warn its U.S. customers that their account details may be revealed to the IRS, according to Reuters, which cited the Swiss newspaper Sonntag. UBS is supposed to send the list to the Swiss government, which will decide which names to pass along to the U.S. government. However, if the IRS teams up with the U.S. post office to trace the registered letters to their intended recipients, it may be able to discover a far larger set of account holders than the ones that the Swiss government ultimately decides to share with U.S. authorities.



According to IRS Commissioner Douglas Shulman, over 7,500 U.S. taxpayers have already come forward to take advantage of the IRS’s voluntary disclosure program before the Oct. 15 deadline passed, reporting their holdings in offshore accounts such as those at UBS. While the deadline is gone now, older IRS voluntary disclosure programs are still in effect, and tax attorneys are still being contacted by clients who are thinking of confessing their accounts before the IRS finds them.



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Now that the UBS account holder list may have leaked out prematurely, the IRS may be hearing from more potential taxpayers who believed their information would not be divulged by the Swiss government.

1 Comments

Oct 19, 2009 10:03 pm

MAN U POST A LOT

Oct 19, 2009 10:05 pm
WFAt:

MAN U POST A LOT





need a life.

Oct 19, 2009 10:17 pm

well the good news is the only other organization dumber than UBS is the fed!


Oct 20, 2009 4:33 pm

Where is McCann? Dining at Blackstone?

Oct 20, 2009 9:28 pm


nov 1st

Oct 21, 2009 10:47 am

Don't you think there will be a migration from MSSB and ML to UBS now that McCann will be in charge?

Oct 21, 2009 11:44 am

NO.

Oct 21, 2009 2:43 pm

No.... don't understand all the cheers around him.... he was not that well liked among the FA population at ML. Plus most FA's know that working at UBS is equivalent to working at the DMV or the post office when comes to organization, efficiency and the overall experience.

Oct 21, 2009 8:41 pm
Floorlord:

No.... don't understand all the cheers around him.... he was not that well liked among the FA population at ML. Plus most FA's know that working at UBS is equivalent to working at the DMV or the post office when comes to organization, efficiency and the overall experience.





Cause this place sucks.   

The root of the problem is stubborn commie Swiss.

socialist

the mindset is european The client is "owned" by the institution.

plus they are pussies. afraid of their own shadow.

I just hope McCann cut a deal where they give him freedom and a checkbook.

My sense is that they figured out they suck. They want to have him fix it and then they can cut bait.



These Swiss pussies are so annoying with their BS arrogance. they hate losing too. Which they have done big time because they are clueless dumbasses

Bought PW in.....you guessed it NAZZY 5100 (2000). The only good thing they have done is call the bottom in the market.   They paniced almost to the day of the bottom (mar 9th). firing people etc



sooooooo....McCann looks like The return of JC to us.............

Oct 22, 2009 6:01 pm

he coming tomarrow

Oct 22, 2009 7:42 pm

But if he is able to negotiate a deal where the bank dumps the firm? The media portrayed it as bad for FAs when he left ML

Oct 22, 2009 7:58 pm
Squash1:

But if he is able to negotiate a deal where the bank dumps the firm? The media portrayed it as bad for FAs when he left ML





u want to keep the three stooges?     wolf/price/hofsta

Oct 23, 2009 12:53 pm

I agree..... given current leadership at UBS anything is an uptick. My point is that McCann was not widely viewed by the FA population at ML as "one of their own". While he is obviously a smart , effective and qualified leader he was not revered like a Bob Mulholland was so I dont believe that he has the ability to automatically draw throngs of ML FA's with him. He definitely is pragmatic enough IMO to recognize that 50% of current leadership at UBS (market area managers and up) are not qualified to move the organization forward.