Credit Suisse bailed out by Swiss National Bank - $54B, the grift that just keeps giving - Upgoat

Credit Suisse bailed out by Swiss National Bank - $54B, the grift that just keeps giving
submitted by FuckShitJesus to FinancialNews 1.2 yearsMar 16, 2023 12:32:09 ago (+11/-1) (www.cbc.ca)
https://www.cbc.ca/news/business/credit-suisse-shares-recovering-1.6780519

Churn & 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!"

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[ - ] deleted 1 point 1.2 yearsMar 16, 2023 12:35:42 ago (+1/-0)

deleted

[ + ] FuckShitJesus

[ - ] FuckShitJesus [op] 1 point 1.2 yearsMar 16, 2023 12:50:25 ago (+1/-0)

FED will just bail out SNB!

It's all an outright blatant ponzi at this point. Nobody will do anything about it, anyway.

[ + ] deleted

[ - ] deleted 0 points 1.2 yearsMar 16, 2023 12:52:55 ago (+0/-0)

deleted

[ - ] scholarandrogue 0 points 1.2 yearsMar 16, 2023 18:26:02 ago (+0/-0)

pretty sure having to borrow money to stay in business is not restoring trust.