>>18538734

the ubs offer to by credit suisse is for chf .25 cents per share while it closed friday at 1.86

so this is a nothing offer

ubs also wants a $6 billion backstop from the swiss national bank

interesting side to the offer

if ubs banks credit default swaps jump by 100 basis points the deal is off

so if markets think this will drag down ubs also they are bailing out

zerohedge

usb offers to buy credit suisse….

their take on the ft article

>>18539121

1 could be just a threat to take the 25 cents per share from ubs or we nationalize it and you get $000

it says "full or partial nationalization"

2 could be a chance to sell the good parts to their friends for cheap

while leaving the crap to be owned by swiss citizens and taxpayers