- The Big Picture - http://www.ritholtz.com/blog -

UBS Stands For . . . ?

Posted By Barry Ritholtz On August 19, 2009 @ 7:46 pm In Humor,Legal,Taxes and Policy | Comments Disabled

Time to crowdsource some comedy from your creative minds, all at the expense of the Swissies:
We know that UBS, Switzerland’s largest bank, has rolled over and is divulging the dirt on 4,450 accounts [1] to settle a lawsuit with the United States.  This is forcing the Swiss government to divest itself [2] of its UBS position.  Those 4,450 names of American clients will go straight to the IRS for prosecution and disgorgement of back taxes — plus interest and penalties.

Question: What does the acronym U B S stand for?

U Better Sing

Unreliable Bankers Swiss

Unexpected Benefits of Secrets?

Anything else? Use comments for suggestions . . .


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/08/ubs-stands-for/

URLs in this post:

[1] 4,450 accounts: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1xq72L21j0g

[2] divest itself: http://www.bloomberg.com/apps/news?pid=20601087&sid=agdHvc2RNYaQ

Copyright © 2008 The Big Picture. All rights reserved.