Credit Suisse Needs $54 Billion Bailout to Avoid Collapse as Cash Crisis Hit Europe - Joe Blogs

[TexasTowelie]

Credit Suisse has become the latest bank to be hit by the current Banking Crisis and has been forced to seek a $54 Billion Bailout from the Swiss Authorities. This Crisis comes within days of the Collapse of SILICON VALLEY BANK, Signature Bank and the Liquidation of Silvergate Bank. In this video I look at the Credit Suisse BAILOUT and discuss the implications for the Global Economy.

Chapters:
0:00 Intro
5:25 CREDIT SUISSE
14:18 CURRENT PROBLEMS
16:07 BAILOUT
17:12 SUMMARY & CONCLUSION

[Traildogbob]

1. Too Big to Bail.......out.

[Warpy]

2. "Crooked Suisse?" I only knew about a quarter of this stuff

like hiding dictator money and US billionaire money. Any bank dependent on fast money, cheap credit, and shady dealings is probably overdue for failure. The Swiss government is going to have to step in here, and they consider it anathema even more than the bank management does.

The banking industry is definitely due for a shakeup, the days of fast money are over. El Banco de Cuervo* is going to become more popular if they triple their fees agaiin.

*Stuff your cash in an old tequila bottle, bury it in the garden.

[barbaraann]

3. Is this how capitalism ends?

No more pretending the "big boys" have to compete with products and services--just cannibalization of governments and actual businesses by banking, finance and shadow banking vultures.

I watched that Frontline Easy Money video last night and am still distraught.

Is it too late for the UK?
https://www.theguardian.com/business/2022/jun/06/city-donations-worth-15m-raise-concerns-influence-uk-politics

[DENVERPOPS]

4. Wasn't it credit suisse

that was involved in many of Trumps ill gotten real estate debacles????????????

Where one guy was his personal go to loan guy at the bank, making loans to Trump that didn't pass the smell test, and that loan guy was the son of a USSC justice?????, and seemingly this loan guy was gonna get prosecuted????, so his dad, the USSC justice told Trump if they didn't go after his son, that he would retire immediately so Trump could appoint another one of his corrupt Republican Justices/?????

Anyone know what I am talking about? At the time it wasn't conspiracy nut jobs putting this all together, if I remember correctly......

[AZSkiffyGeek]

5. I think that was Deutsche Bank nt

[DENVERPOPS]

6. thank you, AZ

I am getting old and there is sooooo much information out there, it is hard to remember it all.......

Regardless, it only goes to show that there are several nefarious banks running around out there, skulking in the shadows, doing all kinds of corruption from the shadows..............Even reaching the USSC.................