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Swiss Government Just Stole All The Saudis Interest In Credit Suisse
Posted on 3/19/23 at 7:05 pm
Posted on 3/19/23 at 7:05 pm
Swiss government just broke the rules and forced UBS to buy Credit Suisse. No shareholder vote was held at all (Saudis own 9.8% of Credit Suisse) so expect the Saudis to be FURIOUS tomorrow. The west can just cancel your money at a moments notice, expect the Saudis to start pulling ALL their money out of western financial institutions tomorrow. We fricked
17
Posted on 3/19/23 at 7:07 pm to Catchfalaya
Thankfully all my investments are in dinar.
Posted on 3/19/23 at 7:09 pm to Catchfalaya
Yeah, but what does this have to do with LIV?
Posted on 3/19/23 at 7:09 pm to Catchfalaya
They should cut production a few million barrels per day
Posted on 3/19/23 at 7:09 pm to Catchfalaya
quote:
Swiss government just broke the rules and forced UBS to buy Credit Suisse. No shareholder vote was held at all (Saudis own 9.8% of Credit Suisse) so expect the Saudis to be FURIOUS tomorrow.
Since when did buying another company require a shareholder vote? Like never.
Board, yes. That could happen in a matter of hours.
Posted on 3/19/23 at 7:09 pm to Catchfalaya
The global
Elites are planning a world war to prevent losing control.
Elites are planning a world war to prevent losing control.
Posted on 3/19/23 at 7:11 pm to Catchfalaya
You mean 1 for 22 isn't a good stock swap?
Posted on 3/19/23 at 7:49 pm to Catchfalaya
Why would the saudis get pissed about getting a bailout?
Credit suisse was about to go under
Credit suisse was about to go under
Posted on 3/19/23 at 7:51 pm to Catchfalaya
Fear mongering loser mentality.
This post was edited on 3/19/23 at 7:51 pm
Posted on 3/19/23 at 7:52 pm to Catchfalaya
What the hell is going on?
Posted on 3/19/23 at 7:58 pm to Catchfalaya
If you own 10% of a bankrupt company, you own 10% of zero.
Posted on 3/19/23 at 8:01 pm to Catchfalaya
Posted on 3/19/23 at 8:11 pm to Catchfalaya
quote:And they paid ~$1.5B for the position <6mos ago. So they lost 80% of that outlay.
Saudis own 9.8% of Credit Suisse
Posted on 3/19/23 at 8:48 pm to Catchfalaya
quote:Their fault for having more that $250k?
Swiss Government Just Stole All The Saudis Interest In Credit Suisse
Posted on 3/19/23 at 8:53 pm to Catchfalaya
Can someone in layman’s terms explain how the second largest bank in Switzerland was going to fail?
Posted on 3/19/23 at 9:09 pm to Catchfalaya
quote:
The west can just cancel your money at a moments notice
How is a shareholder’s money “cancelled” in an acquisition? The financial ignorance on this board rivals the crypto-tards on the money board.
Posted on 3/19/23 at 9:12 pm to Catchfalaya
quote:
The west can just cancel your money at a moments notice
You mean like Making all kinds of promises, the then the next election a new President just comes in a changes everything making treaties and agreements worthless...
And we wonder why the ME doesn't like the USA.
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