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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  to settle a lawsuit with the United States. This is forcing the Swiss government to divest itself  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:
 4,450 accounts: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a1xq72L21j0g
 divest itself: http://www.bloomberg.com/apps/news?pid=20601087&sid=agdHvc2RNYaQ
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