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by benjaminwootton 1183 days ago
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.

1 comments

I fully agree, no question about the risk. I would honestly have the investors lose it than depositors.

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.

From a distance (I don't live in Switzerland and I'm not invested in any shares) this looks like a drowning man (CS) risking to drown its own "saviour" (UBS).