UBS, Credit Suites, UBS - Is This a Government Decision?

$17 billion of these riskiest bonds now being completely written down because of this deal. Alison Williams, why do that? Why put the bondholders at risk rather than shareholders changing the order of who gets hit hardest by this? So management made clear that this was a government decision and actually the way that it structures the deal, it actually provides some capital protection to UBS.