UBS Ag is Switzerland’s largest bank.  Headquartered in Basal and Zurich, this global financial services company also specializes in investment banking, asset management and wealth management.  UBS existed as Union Bank of Switzerland prior to 1998 – at which time it merged with Swiss Bank Corporation.

This foreign banking titan received massive Fed liquidity flows during the early months of the Great Financial Crisis.

Bloomberg  Nov 28, 2011 – Excerpts:
“UBS AG, Switzerland’s biggest bank by assets, received a capital injection of 6 billion Swiss francs ($7.12 billion) from the Swiss government in October 2008. The next month, the Zurich-based lender borrowed $77.2 billion from the Federal Reserve after customers removed a net 83.6 billion francs from its money-management units in the three months through September. At the peak, UBS got $37.2 billion from the Commercial Paper Funding Facility, $20.5 billion from the single-tranche open market operations, $12.5 billion from the Term Auction Facility and $6.9 billion from the Term Securities Lending Facility. A UBS spokeswoman declined to comment on whether the bank also tapped the Swiss National Bank or other central banks for liquidity.”

$77.2 billion – Peak Amount of Debt on 11/28/2008

“The Fed’s Secret Liquidity Lifelines:  The U.S. Federal Reserve mounted an unprecedented campaign to head off a depression by providing as much as $1.2 trillion in public money to banks and other companies from August 2007 through April 2010.  The emergency loans were intended to help recipients cope with cash shortfalls and keep credit from grinding to a halt.  Bloomberg News sorted through more than 29,000 pages of previously secret documents and Fed spreadsheets detailing more than 21,000 loans to compile a database showing which companies got the emergency liquidity, and when.”
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If a major foreign banking colossus like UBS is to be ‘lathered up’ with massive financial transfusions from the U.S. Federal Reserve’s emergency lending programs… to “help recipients cope with cash shortfalls” … then U.S. citizens deserve nothing less that to be granted the same direct access to liquidity to help shore up their own balance sheets and restore financial stability at the family level.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (12933 downloads )

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