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Skipping the $20 million debt payment last month, however, sent a clear message that ResCap is in asset-protection mode.
So they are: in asset management, for example.
"If banks were going to buy something, it would be in asset management and capital markets because those are closer fits with their existing businesses".
First, that if there has been inflation, it has been in asset prices, rather than in items of everyday consumer expenditure.
Today, the jitters are in assets that are already modestly priced, and among investors who are less exposed.
"The problem was in assets that attracted very little risk weight," Mr. Rohner said, adding that UBS would reduce its balance sheet over the next 18 months.
Sort of like why steal A's from the taxpayers of Wisconsin to give 3B A's to Foxconn when they already have 100B A's in assets.
Only about $2 billion of that is in liquid assets.
The biggest wealth is in mortgaged assets and older people need to bear the costs.
The biggest allocation — 28percentt of Yale's funds — is in real assets.
The real value is in the information assets.
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