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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!"


6 comments block

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