re: So, Ken Griffin's Citadel files a 13F with $428 Trillion of sold not yet purchased....

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the Federal Reserve "giving" $9.3 billion" to Switzerland last October and claimed it meant Switzerland was about to "experience a Lehman Brothers moment" (LINK) when actually the Fed didn't send any money to Switzerland

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um, care to update your opinion?

https://www.trustnodes.com/2022/10/14/fed-swaps-9-billion-to-swiss-national-bank-bail-out-for-credit-suisse



https://www.reddit.com/r/Superstonk/comments/11ssbn0/anyone_member_this_fed_loans_swiss_national_bank/

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care to update your opinion?

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No, not at all. You're strutting around thinking you have a gotcha'! moment just proves even further you're clueless about financial matters. You don't know the difference between a non-cash write down of asset values versus cash flow.

CNBC

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Of the losses, 131 billion francs came from its foreign currency positions and 1 billion from its Swiss franc positions amid strong gains made by the franc as investors flocked to the perceived safe haven amid European volatility.

Switzerland has historically attempted to rein in the strength of the franc because of its export-heavy economy, though analysts have argued Swiss businesses have been able to remain competitive despite the rising franc due to euro zone inflation.

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The Swiss franc gained so much in value in 2022 against other major foreign currencies, including the dollar and the euro, which the Swiss National Bank holds a LOT of in order to facilitate trade by its export-heavy economy, that it wrote down, not PAID OUT, the value of its foreign currency holdings in order to reflect those currencies' lower values versus the Swiss franc as required by international accounting reporting standards.

No cash was paid out with that accounting entry. IOW, it's a paper loss not a cash loss.

The revaluation loss has negligible effect on its ability to provide liquidity to commercial banks in Switzerland.

You're starting to make Hussss look like Stephen Hawking...

Never admit you are wrong. You are starting to sound like Joe Biden.

It’s always been a crooked game. It’s nothing new.

If you can’t beat ‘em, join em’

The main stuff that gets murdered by shenanigans is the small and micro cap stuff. Just don’t play in that arena and you will do ok.

Look for nice trade set ups in ETFs and don’t worry about crooks like KG and you will do fine.

Good Luck

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Why don't you instead just explain how I and CNBC are wrong about what I posted?

If you can't it only further confirms your abject ignorance of financial markets and processes.

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Why don't I just wait for the next confirmation in this time line that proves you are wrong, and I am unfortunately right. Then, I will look up this post like I did earlier, and ping you with the updated news?



My way is more entertaining.

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Why don't I just wait for the next confirmation in this time line that proves you are wrong, and I am unfortunately right. Then, I will look up this post like I did earlier, and ping you with the updated news?

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Your posts are always great, because you have zero understanding of any of this but continue to spout childish nonsense once called out.

Ken madoff is going to be the sweetest lil prison bitch you’ve ever seen