SNB and FINMA issue statement on market uncertainty
SNB and FINMA issue statement on market uncertainty
www.snb.ch
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Credit Suisse now has a 47% chance of default, stock down 25% this morning.
- Thread starter Elim Garak
- Start date
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DrHackenbush
Happy wars/sad love songs
Buy Bitcoin
At the end of the day all the regs have to do with having a certain amount of cash on hand.
The banksters always push back on regs so they can bet the farm on the next superrisky bet
The banks almost collapse not because they sold fukked up mortgages they also sold insurance to the guys shorting the housing market.
They didnt give a thought to why someone would make a bet against them
Tres Leches
Empire Business
sounds like more global qe coming up to bail some of these bad apples out 
CS actually asked the saudis for more money and they declined.
Scustin Bieburr
Baby baybee baybee UUUGH
Nope. They can be nationalized or the government can buy a controlling interest. I'm not fittin to pay taxes for these a$$holes to give themselves bonuses, learn nothing, and then proceed to fukk up all over again in the next few years. Enough is enough. How many times can these morons gamble with peoples money and crash the economy before anything gets done? That too big to fail bullshyt got us bigger banks who absorbed the smaller ones and now can fukk around knowing that the governments will bail them out. ENOUGH IS ENOUGH. We can't keep doing the same shyt expecting a different result.
Scustin Bieburr
Baby baybee baybee UUUGH
It's getting to that point. We are almost at a second gilded age. People's futures are being stolen by these demons. Imagine being 22 years old graduating with debt and this is the economy you're coming into. Or being someone who graduated in 2008 suffered, then tried to go back to school during covid and FOR THE SECOND TIME your future is being denied. A person who has had to go through that and turns on the TV and sees news telling them how much worse the world is getting and sees politicians who can only offer the status quo or double down on failed policy--basically no visions for the future that make someone feel hopeful or like they're trying to ease suffering---can you really be surprised if that person takes their last few dollars and decides "fukk it let me kill one of these bankers. At least in jail I get a guaranteed meal, a bed to sleep on and HEALTHCARE"
How fukked up is it that prisoners have better access to medical care than law abiding citizens? How fukked up is it that a murderer is guaranteed food and board but a poor person is one paycheck away from sleeping in their car or a shelter? When you take everything from people and create a group that feels they have nothing to lose, violence is inevitable.
i'm sorry. help me make the distinction here
who was responsible for creating mortgage backed securities and loaning to people with bad or no credit in the past? was it not management? was bad management not the cause of creating risky assets?
how is that different from bad management being responsible for the current crisis?
what are we talking about here
If the government meaning the swiss government doesnt bail them out they'll be bailed out and brought by another bankster which would lead to yet another " too big to fail" bank
Especially with Saudi holdings
itsyoung!!
Veteran
How many bitcoins you got?
Hes splitting hairs here
But hes saying that all the big banks did the mortagage backed securities/ credit default swaps
This was localized fukkery and bad bets and tech failing in the case of SVB and the saudis not backing bad bets made by credit suisse.
peep the game
while we're all bickering about the failure of regional banks and its contagion and WHEN taxpayer money will cover their fukk up....
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www.reuters.com
The IMF is going to send ANOTHER 15 billion to Ukraine
keep in mind, this motherfukker is located in WASHINGTON, DC and is basically, like the UN and NATO, an extension of the US government.
Americans will pay the loan money that Ukraine receives from the IMF rather than the US just straight up giving Ukraine the money
this is actually fukking insane to watch in real time
while we're all bickering about the failure of regional banks and its contagion and WHEN taxpayer money will cover their fukk up....
IMF says staff made 'very good progress' in talks about new loan for Ukraine
The International Monetary Fund on Wednesday said its staff made "very good progress" in talks with Ukraine on a set of policies that could underpin a new IMF lending program for the war-torn country, and the talks could be finalized in coming days.
www.reuters.com
The IMF is going to send ANOTHER 15 billion to Ukraine
keep in mind, this motherfukker is located in WASHINGTON, DC and is basically, like the UN and NATO, an extension of the US government.
Americans will pay the loan money that Ukraine receives from the IMF rather than the US just straight up giving Ukraine the money
this is actually fukking insane to watch in real time
I get it but if they just decided to sell it to them outright theyd probably accept.
I know i would
True but they dont want to miss a chance to bloody the russkies nose.peep the game
while we're all bickering about the failure of regional banks and its contagion and WHEN taxpayer money will cover their fukk up....
IMF poised to announce $15.6bn lending programme for Ukraine
Multilateral lender has been under pressure to provide war-torn country with a comprehensive aid packagewww.ft.com
The IMF is going to send ANOTHER 15 billion to Ukraine
keep in mind, this motherfukker is located in WASHINGTON, DC and is basically, like the UN and NATO, an extension of the US government.
Americans will pay the loan money that Ukraine receives from the IMF rather than the US just straight up giving Ukraine the money
this is actually fukking insane to watch in real time
They will take as much of Russia's bread in western banks as they can.