Welcome again to everybody! Make yourself at home. I can probably write anything here and nobody will notice. In the time-honoured tradition of our group, here is our weekly discussion thread!
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Switzerland has actually went ahead and nationalised Credit Suisse bank.
I thought Switzerland was a bank.
fr, though, this is big news. Now it’s time for the state to absorb the losses until Credit Suisse is solvent, when it can be sold at a huge discount back to the real owners.
Makes me wonder what will happen to all the deposits of peculiar origin that are likely there
They’ll be written off and disappeared, never to be mentioned again.
If that happens, mountains won’t be enough to protect em