Credit Suisse bagholders crying for a bailout - GIVE THEM NOTHING!

👉 https://www.bloomberg.com/opinion/articles/2023-03-27/credit-suisse-at1-bondholders-know-the-fine-print-is-never-clear

🔵 https://www.bloomberg.com/news/articles/2023-03-21/swiss-brace-for-credit-suisse-bailout-costing-them-13-500-each
🔵 https://www.wsj.com/articles/inside-credit-suisses-5-5-billion-breakdown-archegos-11623072713
🔵 https://www.bloomberg.com/news/articles/2023-03-21/credit-suisse-bankers-flood-headhunters-with-calls-after-rescue
🔵 https://www.bloomberg.com/opinion/articles/2023-03-21/ubs-saved-credit-suisse-now-for-the-bad-news
🔵 https://www.bloomberg.com/news/articles/2023-03-21/us-studies-ways-to-guarantee-all-bank-deposits-if-crisis-expands
🔵 https://www.bloomberg.com/opinion/articles/2023-03-20/ubs-got-credit-suisse-for-almost-nothing
🔵 https://www.reuters.com/markets/deals/ubs-offers-buy-credit-suisse-up-1-billion-ft-2023-03-19/

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00:00 - Who deserves to be mad
00:25 - Who doesn't deserve to be mad
01:08 - Why they're pretending they deserve to be mad
01:55 - Capital ratios
02:45 - This was clear even 4 years ago
03:14 - Why shareholders aren't wiped out before bondholders
04:04 - They're fishing for a bailout
04:30 - These people are financial professionals - NO SYMPATHY
05:15 - Matt Levine accurately describes the idiocy
06:05 - These people deserve NOTHING
06:37 - The silver lining of this