Swiss regulators are taking action with a $3 billion deal that allows UBS to take over smaller rival Credit Suisse, saving it from collapse. SUBSCRIBE to ABC News on YouTube: https://bit.ly/2vZb6yP Latest Updates: http://abcnews.go.com/ Watch FULL EPISODES on Hulu: http://abcn.ws/3bzvQQn #news #banking #creditsuisse #abcnews #ubs
Original source (ABC/Youtube)
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SVB didn’t just get pummeled by interest rates. They got pummeled by investing in all these wack over valued “tech” companies that began to fail because people are sick of technology controlling our society.
Making money is an action. Keeping money is behavior. Growing money is knowledge I found out a week ago after getting $10,000 return on my $2000 investment in 7 days.
Duh…. FIAT money system with fractional reserve banking…. they keep borrowing/printing money… DUH…..
remember global just means western aka prominent white countries
Too big to fail, just like the Titanic was unsinkable. 😐
If we have learned anything over the recent months, Democrat voters would rather cry and rage at Trump then hold their own party accountable for anything
FIRE sale yall!
Opportunity for Bitcoin to shine.
Greedy wall street fkrs
How do you know they aren’t enabling all of this?
The WEF model is “you will own nothing, and be happy”
NO SUCH THING AS TOO BIG TO FAIL – THAT IS NOT CAPITALISM
This is the decade that's gonna make me a legend to my grandkids🙌 if I survive it😂😂
Confidence? Who's confidence about what? I know I'm not confident about the system at all and a big buyout and central bank emergency surgery is only deepening my distrust.
Also, it's not the depositors' or investors' fault AT ALL this situation is happening so deflecting and lying to make them out to be the bad guy here is disingenuous and wrong. The degenerate gamblers at the helms of these places and their enabling representatives in government are the real problem.
@ABC News Why is there a sense or cycle of constant crisis at every turn since president Biden took over and the WEF announced The Great Reset. Everything feels fabricated and forced, not naturally occurring. Even Covid it self felt unnatural to those who got it. It’s as though when there is a common sense solution to something, people just do the opposite instead and lie right to our faces over and over about the results. Don’t believe what you see, just believe what we tell you.
Why everytime a democrat takes over this happens ?
To Credit Suisse depositors, introducing Ur Bank Saved (UBS). Yey!
@ABC News Why is there a sense or cycle of constant crisis at every turn since president Biden took over and the WEF announced The Great Reset. Everything feels fabricated and forced, not naturally occurring. Even Covid it self felt unnatural to those who got it. It’s as though when there is a common sense solution to something, people just do the opposite instead and lie right to our faces over and over about the results. Don’t believe what you see, just believe what we tell you.
Fire sale folks. Put your money down into swiss bank and make money. Also to our regulators make sure to handle this crisis then raise intrest rates. Raising rates too soon could be destabilizing for markets that are already destabilized by thease events which puts us into another recession and we dont want that with a war ongoing 👁️
Stupid Fed. They sure got themselves in a bind. Wonder what they're going to do to save us all. Eeny meeny miny moe? Turn to Chat GPT? Maybe AI can get us out. Why not? (If you can't laugh about it, you can only cry.) Right now it looks like catastrophe no matter what move they make.
This is ridiculous reporting. This is an attempt to consolidate assets. You really can't watched the liberal or conservative news media without being completely fed full of lies.
I thought they said there is no banking crisis?
Didn’t they say the housing market also won’t crash?
Capitalism for the poor, socialism for the rich.