I thought that while you and @zerohedge are onto something, I didn't think it is this bad.
The bank's losses were 7 TIMES WORSE than what "analysts" expected: Half a billion dollars expected to losing billions. This explains the $6 billion loan by the Fed.
#CreditSuisse
The bank's losses were 7 TIMES WORSE than what "analysts" expected: Half a billion dollars expected to losing billions. This explains the $6 billion loan by the Fed.
#CreditSuisse
https://twitter.com/WallStreetSilv/status/1585707642550648832
For those who didn't folllow, @zerohedge reported a few weeks ago that the Fed lent the Swiss Central Bank $6 billion; the largest one time loan ever to them.
Today we learn #CreditSuisse had a $4 billion loss last quarter.
The loan was to bail out CS?
#LehmanBrothers
Today we learn #CreditSuisse had a $4 billion loss last quarter.
The loan was to bail out CS?
#LehmanBrothers
It appears that a major investment bank in Europe needed a multi-billion dollar bailout in recent weeks (funded by the Fed) and not only is it not a "Lehman Moment." It's no moment at all.
Nobody knows. Nobody cares.
That, my friend, is the beauty of having a Dem in the WH.
Nobody knows. Nobody cares.
That, my friend, is the beauty of having a Dem in the WH.
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