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S A
Channel 4 News
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Comments by "S A" (@SA-ff9uc) on "Future of Credit Suisse hangs in the balance amid UBS takeover talks" video.
Why? They bought well below market value and at around one twentieth of its book value. Credit Suisse shareholders got screwed, UBS got a great deal.
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They barely had any time to do any due dillegence. It's a circus.
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Or a clown outfit?
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@emilymcplugger or theyngot a good deal because everyone lost confidence in CS and UBS have friends in the government.
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China already had a bunch a bank runs. They just post a bunch of armed guards outside the banks. Nobody is withdrawing anything!
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@dhui777 Aint my Credit Suisse losses done gone socialised. Or the bond holders.
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