Credit Suisse now has a 47% chance of default, stock down 25% this morning.

[Elim Garak]

 

[Astroslik]

Shouldve did a put smh

 

[Mystic]

What does this mean for me the average Joe and also average black man?

 

[Elim Garak]

What does this mean for me the average Joe and also average black man?

Right now nothing specifically but at the rate these banks are failing it looks like more rough economic times ahead be ready.

 

[Remote]

 

[humminbird]

that black CEO they harassed got the last laugh

 

[Mowgli]

Wait.

Are we sure the issue isnt the fact they hired a black janitor right before defaulting.

Woke maintenance

 

[Fillerguy]

Right now nothing specifically but at the rate these banks are failing it looks like more rough economic times ahead be ready.

But these aren't normal banks so far. CS serves the wealthy and ppl make money for simply having money. All this news does is cause panic to the average investor but I think that's the point. The ultra wealthy are fukking with the market to get out, while they're still ahead.

 

[Elim Garak]

But these aren't normal banks so far. CS serves the wealthy and ppl make money for simply having money. All this news does is cause panic to the average investor but I think that's the point. The ultra wealthy are fukking with the market to get out, while they're still ahead.

Yes I realize that but obviously this isn't a good sign lol. I think we can all agree on that.

 

[Complexion]

Controlled demolition.

 

[Mystic]

that black CEO they harassed got the last laugh

Wall Street journal is gonna blame him for this somehow

 

[Jean toomer]

 

[Elim Garak]

I mean they will shut the market down early if it's too much fukkery but that's still scary.

 

[DJ Paul's Arm]

MOASS?

 

[bnew]

Lehman failes when the credit default swaps(CDS) was at $610