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by benjaminwootton
1183 days ago
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Any bet on these banks was very speculative. You had a huge upside if things worked out. Instead, you predictably lost the bet and still got paid some compensation in the fire sale. Not a bad play and not a bad outcome if you went in with your eyes open. |
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The thing i am unhappy about, to reiterate myself, is bundling CS to UBS. I am invested in UBS as well, and guess what, i will lose way more on that investment due to this forced merger.
If the govt. just unwound the assets slowly, it won't affect a relatively healthy bank, which was saved in 2008.
I hope i am wrong, but i feel like ubs prices are gonna fall like a knife at the opening tomorrow, unless the SNB starts buying it.