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Principal protected eh?
"Nov. 3 (Bloomberg) -- UBS AG, Switzerland's largest bank, faces dozens of claims in the U.S. from clients who bought ``100 percent principal protected notes'' issued by Lehman Brothers Holdings Inc. that are now almost worthless. "
Principal protected eh? Even the name sounds fraudulent.
Source: Lehman Good-for-Retirement Notes Worth Pennies for UBS Clients - Bloomberg.com 2 november 2008
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