I personally did some digging, comparing both CS (2022) and Lehman (2008)'s balance sheets. Specifically cash on holdings, securities exposure and also their leverage ratios. As of now, CS is definitely not like how Lehman is like back in 2008. But hey, time will tell...
No bank, company or industry is too big to fail. The federal reserve is supposed to be the bank of last resort to guarantee orderly bankruptcies and restructuring. The executives and board members who took unreasonable and foolish risks should be fired and any ill gotten gains confiscated. Anything less is crony capitalism and corruption.
Sadly Credit Suisse and DB are TBTF. If we let them go we'll be right back where we were in 2008 with Lehman. I don't think anyone wants to go through that again.
That said, these TBTF companies need much deeper, constant oversight so being a bad actor isn't profitable behavior.
Taxpayers take all of the risk with no reward meanwhile the inverse is true for banks. If companies are allowed to grow becoming too big to fail the government should provide oversight and risk management to protect taxpayers. Especially if the growth is from gambling.
Graham - Knowing that this Credit Suisse is in a tough spot, is there a way for us to short them? How do we profit off of this opportunity? Thanks for the great article!
The fraud goes far and deep. Much more pain to come on a number of fronts. Per Ed Dowd, TPTB will never admit failure and will do whatever they can to cover up their crimes: how they are killing and disabling people en masse and how they have literally bankrupted the world. Watch (and pls share!) the latest from Ed where he connects all the dots. He’s the real deal and his contrarian thesis with analysis and supporting data is pretty bulletproof, IMO.
Very good article
Insane value-adding article <3
I personally did some digging, comparing both CS (2022) and Lehman (2008)'s balance sheets. Specifically cash on holdings, securities exposure and also their leverage ratios. As of now, CS is definitely not like how Lehman is like back in 2008. But hey, time will tell...
No bank, company or industry is too big to fail. The federal reserve is supposed to be the bank of last resort to guarantee orderly bankruptcies and restructuring. The executives and board members who took unreasonable and foolish risks should be fired and any ill gotten gains confiscated. Anything less is crony capitalism and corruption.
Sadly Credit Suisse and DB are TBTF. If we let them go we'll be right back where we were in 2008 with Lehman. I don't think anyone wants to go through that again.
That said, these TBTF companies need much deeper, constant oversight so being a bad actor isn't profitable behavior.
No
Yes
Yes
perfect
Excellent - thank you! Bob McCormick
Taxpayers take all of the risk with no reward meanwhile the inverse is true for banks. If companies are allowed to grow becoming too big to fail the government should provide oversight and risk management to protect taxpayers. Especially if the growth is from gambling.
Graham - Knowing that this Credit Suisse is in a tough spot, is there a way for us to short them? How do we profit off of this opportunity? Thanks for the great article!
The fraud goes far and deep. Much more pain to come on a number of fronts. Per Ed Dowd, TPTB will never admit failure and will do whatever they can to cover up their crimes: how they are killing and disabling people en masse and how they have literally bankrupted the world. Watch (and pls share!) the latest from Ed where he connects all the dots. He’s the real deal and his contrarian thesis with analysis and supporting data is pretty bulletproof, IMO.
https://rumble.com/v1mny36-ed-dowd-covid-and-the-global-financial-collapse-a-tale-of-catastrophes-and-.html