Wall Street Plays Hardball
Taxpayers are taking another hit as strapped local governments fork over billions in fees on investments gone bad
Across the nation, local governments and related public entities, already reeling from the recession, face another fiscal crisis: billions of dollars in fees owed to UBS, Goldman Sachs (GS), and other financial giants on investment deals gone wrong. Full Story »
Posted by Kaizar Campwala - via Business Week
So much for "You and Us". What a bunch of thieves UBS is. They knew this downturn was coming. They knew there was a bubble. They are scamming your schools and your cities and your economy after they sold you crap ponzi loans.