PLAN REJECTED: Obama's Approval Rating Falls To All Time Low

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The big speech that was supposed to save Barack Obama's presidency was a flop, according to a new Bloomberg poll.

Obama's approval rating stands at 45 percent, the lowest point of his presidency, with a growing number of independents jumping ship.

62 percent disapprove of his handling of the economy, up 9 in six months.

Only 36 percent approve of his job creation efforts; 30 percent approve of how he's handled the budget deficit; 39 percent approve of how he's handled health care.

These rating all represent lows for his presidency.

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And Now UBS Might Lose Its Credit Rating...

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This makes total sense: S&P has has come out and put UBS' credit rating on negative following the $2 billion rogue trading loss.

It hasn't downgraded the bank yet, but its A+ could be toast.

And really, this makes total sense: Hard to imagine anything much more important than a bank's risk control measures, or more telling than those measured ailing.

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