Credit Suisse bailed out by Swiss National Bank - $54B, the grift that just keeps giving
(www.cbc.ca)https://www.cbc.ca/news/business/credit-suisse-shares-recovering-1.6780519Churn & burn that currency debasement, baby.
It pays to be a bank. Make all the bad bets you can, give endless bonuses to your executives, and get bailed out when you fail.
Ever tried to start a bank? Guess what - you can't unless all the others vote you in!
George Carlin put it best: "It's a big club.. AND YOU AIN'T IN IT!"