Credit Suisse “bail in” and “bail out” was illegal but necessary
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1 year ago
66
Credit Suisse failed, in other words, it broke.
The Swiss government offered a 100 billion credit - debit card that the Swiss people will have to back.
The Saudis held billions in bonds and they got screwed - that's a bail in.
"Defected" digs into this collapse
https://rumble.com/v2dswkc-defected-ep-18-sun-900-pm-et-.html
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