“Its collapse has also tainted Switzerland’s reputation as a safe and stable global financial center, particularly after the government effectively stripped shareholders of voting rights to get the deal done.
Swiss authorities also wiped out some bondholders ahead of shareholders, upending the traditional hierarchy of losses in a bank failure and dealing another blow to the country’s reputation among investors.”
“Taxpayers, meanwhile, are now on the hook for up to 9 billions Swiss francs ($9.8 billion) of future potential losses at UBS”
“At roughly $1.7 trillion, the combined assets of the new entity amount to double the size of Switzerland’s annual economic output.”
Interesting article. Interesting times. Coerced by the government into this deal and shareholders stripped of authority.
so the question, Is either suisse bank or ubs on the list of banks to be subpoenaed, that was said to be released from the maxwell and Epstein case recently?
On the surface everyone is getting a 101 on the house of cards and sham lending schemes these banks operate, but underneath it would seem that the banks being revealed are targeted with purpose as it would appear with svb, the stimulated run by Thiel and not just an organic collapse and default like the mainstream narrative suggests.
Is this the deep state suisse banking cabal in panic mode trying to make moves for self preservation or have the moves been coerced and the demolition crew is already on the scene using this as a catalyst to bring the banking state to its knees and strip it of its privilege and status of being untouchable and deplete its reserves of bloodmoney. I do hope the latter.
Either way the writing is on the wall.
Sic Semper Tyrannis
Credit default swaps on USB are spiking up hard. When they try to unwind their shorts on US stocks they will go bankrupt as well.
I would expect so.
“Its collapse has also tainted Switzerland’s reputation as a safe and stable global financial center, particularly after the government effectively stripped shareholders of voting rights to get the deal done. Swiss authorities also wiped out some bondholders ahead of shareholders, upending the traditional hierarchy of losses in a bank failure and dealing another blow to the country’s reputation among investors.”
“Taxpayers, meanwhile, are now on the hook for up to 9 billions Swiss francs ($9.8 billion) of future potential losses at UBS”
“At roughly $1.7 trillion, the combined assets of the new entity amount to double the size of Switzerland’s annual economic output.”
Interesting article. Interesting times. Coerced by the government into this deal and shareholders stripped of authority. so the question, Is either suisse bank or ubs on the list of banks to be subpoenaed, that was said to be released from the maxwell and Epstein case recently?
On the surface everyone is getting a 101 on the house of cards and sham lending schemes these banks operate, but underneath it would seem that the banks being revealed are targeted with purpose as it would appear with svb, the stimulated run by Thiel and not just an organic collapse and default like the mainstream narrative suggests.
Is this the deep state suisse banking cabal in panic mode trying to make moves for self preservation or have the moves been coerced and the demolition crew is already on the scene using this as a catalyst to bring the banking state to its knees and strip it of its privilege and status of being untouchable and deplete its reserves of bloodmoney. I do hope the latter.
Either way the writing is on the wall. Sic Semper Tyrannis
I would like to see the bankers all hang up if we can just get them to go back to do work like everyone else, it would be glorious.