UBS AG (UBS)

[shajandr]

UBS = U Bin Screwed Look for lawsuits from the $17B in CS bondholders who were wiped ~OUTT while common stock holders gott something. Conventionally, all bond creditors are senior to common stock. These wiped ~OUTT bondholders are likely to challenge this deal in court(s) - Suisse and USA and UK courts to block this deal. The bondholders will contend that the $3B should have gone to the bondholders, nott common stock. Or the bondholders should be allowed to CONvert their bonds to equity which would be $17B of new common stock issued to them, diluting the shit ~OUTT of existing CS common stock to essentially worthless.