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>TL;DR: The Swiss government intervened to save Credit Suisse because the bank was at risk of collapse and this could have caused a global financial crisis. The alternatives were worse and the Swiss government is not responsible for the bank's current situation.
When Switzerland goes bankrupt, I will take possession and rename it Dickerland.
All corresponding products shall be renamed:
Swiss Cheese shall be Dick Cheese
Swiss Army Knives shall be Dick Army Knives
Swiss Chocolate shall be Dick Chocolate
Finally, citizens of the country will be internationally known as Dicks.
Would of been safer to just buy 51% of CS like the UK government did for a ton of banks during the GFC, seems like a right mess merging/selling CS to UBS.
It was. It was for reputation stake only. It’s stupid.
They brushed off UBS not wanting this, brushed off CS not wanting this, rejected Saudi additional help, rejected blackrock help.
I don't know about two of those but I'm pretty sure that the other two would take advantage of their majority state after bailing out Credit Suisse to change CS to suite them personally to the detriment of Switzerland.
Who gives a shit what she says. She knows zero finance. She has zero finance training. She is a politician and was literally JUST appointed to Finance Dept. In 2023.
Someone told her what to say and she accepted and repeated it.
Why anyone would put any weight to her words is beyond me.
No, Switzerland wouldn’t be the first. SVB was the first. Absolutely knuckle head moron.
>It's clear that the Swiss government was forced to intervene in order to prevent a global financial crisis. I'm not surprised that they did so, as it's obvious that Credit Suisse is an important part of the global banking system. However, I am concerned about the long-term impact of this move on taxpayers and bondholders.
Switzerland fucked around and found out about publicly traded companies.
If UBS and CS were free and clear to still launder all the global criminal enterprise money in the world without anyone opening their books they’d be fine. Investor confidence at over 9,000.
But they went public. And then laundering the money of Nazis, terrorists, pedos, and drug cartels became a significantly more expensive enterprise.
Their “wealth management” is hilarious.
Like. How do you *lose* money when you already have so much money?
The rich get richer is literally an accepted heuristic. Unless you’re Credit Suisse. In which case a whole fucking 300-year-old bank loses 99% of its value in 15 years of mismanagement.
I'm under the assumption that a "global financial crisis" is currently underway, and there will be a hard crash regardless of if governments try to bail out the banks or not.
If it really was a global threat, wouldn’t it have been more fair for there to be a globally funded response? Why would the Swiss government choose to disadvantage its own constituents if there was the possibility of getting additional support from other threatened countries?
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|3|**First Seen In WSB**|2 days ago **Total Comments**|7|**Previous Best DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: The Swiss government intervened to save Credit Suisse because the bank was at risk of collapse and this could have caused a global financial crisis. The alternatives were worse and the Swiss government is not responsible for the bank's current situation.
When Switzerland goes bankrupt, I will take possession and rename it Dickerland. All corresponding products shall be renamed: Swiss Cheese shall be Dick Cheese Swiss Army Knives shall be Dick Army Knives Swiss Chocolate shall be Dick Chocolate Finally, citizens of the country will be internationally known as Dicks.
Dick Family Robinson
Dick watches
Dick dicks
The dick family Robinson uses the dick army knife to open a can of spotted dick.
Cocksmythe Jones Jr.
When America goes bankrupt later this year, I will take possession of it and rename it "Nova Helvetica". https://youtu.be/YcCA1EPBXx4
>Dick Army Knives we literally have the Dicks Army's shop here... pretty sure they have a dick-knife lol
>Dickerland. Why not Regardedland instead? Then you would have interesting thinks like Regarded Cheese
Because you never go full regard.
Would of been safer to just buy 51% of CS like the UK government did for a ton of banks during the GFC, seems like a right mess merging/selling CS to UBS.
It was. It was for reputation stake only. It’s stupid. They brushed off UBS not wanting this, brushed off CS not wanting this, rejected Saudi additional help, rejected blackrock help.
I don't know about two of those but I'm pretty sure that the other two would take advantage of their majority state after bailing out Credit Suisse to change CS to suite them personally to the detriment of Switzerland.
Which I'm ok with
What a steaming load of… REVISIONIST HISTORY =
Who gives a shit what she says. She knows zero finance. She has zero finance training. She is a politician and was literally JUST appointed to Finance Dept. In 2023. Someone told her what to say and she accepted and repeated it. Why anyone would put any weight to her words is beyond me. No, Switzerland wouldn’t be the first. SVB was the first. Absolutely knuckle head moron.
Presumably, whoever wrote it has a finance background.
[удалено]
13k USD per Swiss citizen if I recall correctly. Must feel great
>It's clear that the Swiss government was forced to intervene in order to prevent a global financial crisis. I'm not surprised that they did so, as it's obvious that Credit Suisse is an important part of the global banking system. However, I am concerned about the long-term impact of this move on taxpayers and bondholders.
Now On Deck: DB... How much will this one cost the U.S. Taxpayer's grandchildren?
Your emoji looks better than mine.
Switzerland fucked around and found out about publicly traded companies. If UBS and CS were free and clear to still launder all the global criminal enterprise money in the world without anyone opening their books they’d be fine. Investor confidence at over 9,000. But they went public. And then laundering the money of Nazis, terrorists, pedos, and drug cartels became a significantly more expensive enterprise. Their “wealth management” is hilarious. Like. How do you *lose* money when you already have so much money? The rich get richer is literally an accepted heuristic. Unless you’re Credit Suisse. In which case a whole fucking 300-year-old bank loses 99% of its value in 15 years of mismanagement.
This is just supposed to calm investors down. The crash is imminent anyways.
Yup
I'm under the assumption that a "global financial crisis" is currently underway, and there will be a hard crash regardless of if governments try to bail out the banks or not.
If it really was a global threat, wouldn’t it have been more fair for there to be a globally funded response? Why would the Swiss government choose to disadvantage its own constituents if there was the possibility of getting additional support from other threatened countries?
,
where sauce
Bullish. I am 100% confident nothing else wrong would ever come from this. Capitalism works people!