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by xadhominemx
1182 days ago
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Yes, the solution for a distressed bad medium-sized bank is for a larger good bank to buy them before they unwind chaotically have bring down other banks / the economy. That’s been the correct/reasonable approach for centuries. No one is really getting bailed out here: CS shareholders will lose ~80% vs what they were worth a couple weeks ago, the AT1 shareholders got wiped out, and if you look at UBS’s share price, it’s not like people think they got an extraordinary gift from the regulators. UBS management at will have to suffer an enormous headache to integrate the operations. |
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