Credit Suisse (with Mkt Cap = $7B) Rejects UBS's $1B Offer. Swiss Authorities Considering Haircut for Bond Holders!

You guys are missing the chess moves. They are ALL interlinked with derivatives and counter-party risk. All these banks have been cross-trading and leveraging against each other. One goes down, they all go down.

UBS is the hatchet man for CS. They need one bank to absorb the toxic debt, and UBS needs to present a mask of safety for capital and investment holders when CS is officially retired.

All the banks are cutting off one finger at a time. It’s all misdirection. Europe will burin this summer.

Seems contradictory. Those who've managed their money well should be able to buy anything they need and most of what they want.

There should be a tweet by now if that was true.

They were originally going to auto-cancel the deal if it passed 100bp?

CDS data is not free to the public
[link to quant.stackexchange.com (secure)]

(But i hope ur right)

Bitcoin is on the way to 29, 30k...

Another sign of failing confidence in Fiat. Otherwise, Bitcoin would not rise in this situation. Have in mind...crypto market is small but it is the only true free market in the world and it is already on the level where it can give clear sign over general feelings or trends.

Deal just went through for 2 billion.

Swiss government will cover all outstanding Credit Suisse debt.

What is a "Door Bert"?

To a layperson it would appear Swiss authorities were struggling.

Would you like a drink or some straws to clutch at?

ZeroHedge playing the Optimist.


The Wheels ARE in motion...the Great Depression will look like a Party when this this gets cooking. The Above posters are right. Toxic Debt (Of which there are TRILLIONS) has to be absorbed by someone....enter you and me.

The Good Debt will be bought by these bigger banks for pennies on the dollar....Why they are offering 1 BIL for 7 BIL assets. And these big banks...along with the Billionaires, will become KING.....EVEN Millionaires will not fair well.

Existing shareholders will get fleeced but then again the idiots should have sold off days ago. This just bides time...nothing else. At Futures will have the illusion of looking good tonight...maybe.

Sold for 3.2 Billion. Futures soaring

Bitcoin is on the way to 29, 30k...

Another sign of failing confidence in Fiat. Otherwise, Bitcoin would not rise in this situation. Have in mind...crypto market is small but it is the only true free market in the world and it is already on the level where it can give clear sign over general feelings or trends.
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Country credit default swap rate..

[link to www.worldgovernmentbonds.com]