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For all of the various reasons that have led us to this lethal juncture, central banks are now doing now the EXACT opposite of what they did in 2008. They are tightening into a burgeoning credit crisis. Look:
Meanwhile, UBS just offered to acquire Credit Suisse, for $1 billion. This means that $CS shareholders would be paid $0.27 per share. An 87% DISCOUNT to the $2.01 closing price on Friday. This is either the biggest lowball offer of all time or Credit Suisse is in serious trouble.
Yesterday, UBS wanted to bypass a shareholder vote in this acquisition. Both the US and Swiss government are working to get this deal done. It seems that regulators and UBS know something that we don’t.
Comments
#world coinage mints — 1…2…3…and 42023-03-20 01:21
somebody please refresh my memory on the top coinage mints.
+1 #Credit Suisse Top Exec Wife: “Kiss My Ass”! — watchmann2023-03-19 20:07
Kiss my a$$: Top Credit Suisse Executive’s wife Lizzie Asher flashes butt amid $54B bailout
An insider sniped to Page Six Friday that while Credit Suisse put out its begging bowl for a $54 billion bailout on Thursday, the wife of top CS exec Daniel Ezra was “going wild” at the Art Production Fund Gala in NYC that very evening.
Philanthropist Lizzie da Trindade-Asher was snapped by fashion industry bible Women’s Wear Daily cheekily flashing her butt for the camera.
Our banking insider interpreted the gesture for those of us who didn’t go to Wharton: Looming global financial catastrophe threatening to upend the lives of ordinary people everywhere?
Kiss my ass.
Yes, they are jewish.
+1 #Banks are leveraged 2 Quadrillion Dollars in Derivatives — watchmann2023-03-19 19:56
Banks are leveraged 2 Quadrillion Dollars in Derivatives:
+1 #If you thought SVB was bad … — watchmann2023-03-19 19:48
-3 #Pailscrew and but budies — MildB2023-03-19 18:14
~
I assure you, NEVER SPENT ANY TIME in anything REAL.
That THEY/Him/it is bullshit.
That THEY/Him/it are trying to direct the NARRATIVE.
I assure you, I have walked, smelled with REAL DEATH as it maters to wakening up>
Iam said stop WildB.
and I did not want too.
He won, I am mildb.
Iam the other man in black.
-3 #Look at it~ — MildB2023-03-19 18:27
~
Will Smith – Men In Black (Video Version)
VS – Hum?
Well Johnny Cash is a friend of mine.
So , thats the way it is.
Its just the way it is . Just leave me be.
mb
-1 #I will not stand against what the people want — MildB2023-03-19 18:45
~
Iam WildB/Bwild
+1 #Fed and Five Central Banks Announce Move to Boost Dollar Funding — josey wales2023-03-19 17:11
Fed and Five Central Banks Announce Move to Boost Dollar Funding
-2 #UBS to Buy Credit Suisse in $3.25 Billion Deal to End Crisis — josey wales2023-03-19 16:41
UBS to Buy Credit Suisse in $3.25 Billion Deal to End Crisis
Government to backstop some losses, provide liquidity
Authorities pushed for deal amid worsening confidence crisis
Notice this was done “just in time” before the overseas markets opened.
As a result barring some other “news” we ought to see a big dip in gold as well as silver here in the US.
I guess Hal must be too busy grilling his steaks and smoking his cigarettes to have caught this update.
Rose Rambles... 