[nimbius]

Economic sanctions imposed by Switzerland on Russian individuals and businesses had the most significant impact on the demise of the bank. Credit Suisse held about $33 billion for Russian clients, 50% more than UBS.

What does any of this have to do with "intellectual rigor?" sources are cited in the paper and the authors are among leading global economists. death by association is a cheap way to avoid the real intellectual rigor of refuting legitimate points in the publication.

Political unrest in the US and US over-reliance on sanctions are two of the most damning threats to monetary hegemony in the 21st century. routine defaults on an arbitrary ceiling of debt have precipitously reduced US credit ratings over the past decade. a federal insurrection is also something you might not wish to see in a country that boasts its safe currency.

https://en.wikipedia.org/wiki/United_States_sanctions

the us sanctions about 26 countries and nearly 2300 people. so https://www.cnas.org/publications/reports/sanctions-by-the-n...

[RandomLensman]

Why would the $33B from Russian clients be crucial? Seems far too small compared to the outflows that were happening (q4 22 plus q1 23 more than $150B, I think) for it to be that critical.

[sedev]

You know what, fair, that was too harsh of me; I was probably speaking more out of irritation about the editorial issues. Thanks for the pushback.