Transcripts

"Last Word"-What Does $37B Buy?

SUSIE GHARIB: And finally tonight, what if the $37 billion of write downs taken by UBS over the last year could have been put to another use? For example, you could buy over six million Rolex watches or more than two million tons of Swiss chocolate or more than 4,100 tons of fine caviar. You could fund the U.S. military campaign in Iraq with the money for 74 days. You could pay the bill for the Olympic games in London in the year 2012 twice. Or Paul, the bank could have bought almost 140,000 houses in the U.S. at an average price of $265,000 each. So what do you think of that?

KANGAS: Just think how many cars that would buy. It would give Detroit a little boost.

GHARIB: And just think what use we could put that to here at NIGHTLY BUSINESS REPORT.

KANGAS: Yeah. It could help me pay my taxes.