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TexasTowelie

(111,311 posts)
Mon Mar 20, 2023, 02:13 PM Mar 2023

$173 Billion Credit Suisse Bailout by UBS as Banking Crisis Worsens & Spreads to Europe - Joe Blogs



UBS has taken over Credit Suisse at the request of the Swiss Authorities to avoid the BANKRUPTCY of the bank. Credit Suisse is the latest bank to be hit by the current Banking Crisis and last week received a $54 Billion Bailout from the Swiss Authorities however this did not prove to be sufficient to stem the crisis and an additional $173 Billion has now been provided as part of an extensive BAILOUT. This Crisis comes within days of the Collapse of SILICON VALLEY BANK, Signature Bank and the Liquidation of Silvergate Bank. In this video I look at the Credit Suisse BAILOUT and discuss the implications for the Global Economy.

Chapters:
0:00 Intro
4:02 UBS DEAL
7:28 CREDIT SUISSE BONDS
8:54 BAILOUT
14:06 SUMMARY & CONCLUSION
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$173 Billion Credit Suisse Bailout by UBS as Banking Crisis Worsens & Spreads to Europe - Joe Blogs (Original Post) TexasTowelie Mar 2023 OP
UBS peppertree Mar 2023 #1
I watched Joe Blogs for a while GregariousGroundhog Mar 2023 #2

GregariousGroundhog

(7,498 posts)
2. I watched Joe Blogs for a while
Mon Mar 20, 2023, 02:52 PM
Mar 2023

My experience is that he manages to find some pretty interesting facts and figures that I otherwise wouldn't have seen, but I dislike his analysis. He tends to have a sensationalist "the sky is falling" attitude that I don't agree with.

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