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THisKIRK

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THisKIRK

Re: THisKIRK post# 1197

Monday, 05/12/2014 3:54:59 AM

Monday, May 12, 2014 3:54:59 AM

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UBS, Popular Sued Over Losses in Puerto Rico Bond Funds. DRL is going under!


http://online.wsj.com/news/articles/SB10001424052702303701304579548293034531248

UBS also gave investors loans and lines of credit so they could buy more of the bond funds, generating revenue for the bank but increasing investors' risk, the suit alleges.

All told, UBS made about $500 million in loans to Puerto Rican customers, according to the suit... The country its self is going under...

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