The price of "predatory" lending?

Reuters:

UBS revealed a $10 billion writedown and an emergency injection of funds from Singapore and the Middle East, making it the biggest victim of the U.S. subprime crisis to date among major European banks.

Singapore is taking 9 percent of UBS in a deal that mirrors actions taken by U.S.-based Citigroup . Citi expects to write off between $8 billion and $11 billion and has secured funding from the Abu Dhabi Investment Authority.

"There must be a suspicion that it (UBS) feels a strong capital base is necessary just in case there is need for further write-downs," said Helvea analyst Peter Thorne.

...

And, Democrats seem to think that these companies have been insufficiently punished by the market place for loaning money to those who could not afford to pay? Do you think that anyone will want to make subprime loans anytime soon?

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