___________________________________________________ .UBS tactic will backfire, but it really gives a SIGN that UBS wants to settle LIBOR..........very cool.. ___________________________________________________
It appears (if the letter is true) that they want to discuss settlement rather than litigate. Wow, if this is true then it would appear that reasonable people should be able to get to a settlement within a few weeks or even days. Guilt has already been assigned so just a matter of HOW MUCH LARGE GREEN.
This mess could be over by the end of October followed by distributions by yearend or nudged into 2024.
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