TyB
Aye
People have a tolerance level
That was crossed
>guess they aren’t familiar with the phrase ‘Irish Kiss’
That way for a reason
>>19966929
Totally get the anger
It doesn’t matter if they white,brown,yellow,red, etc
What matters is the crime
Let’s not lose focus and go with “white men will…”
It should say “Man will” as it’s a crime against humanity
Lines get crossed I understand that fully however phrasing it that way only makes it worse
Buzz is barely in control of self
Don’t think he saw shit but his fuggen brian was gone in the 90s-witnessed him get triggered by the “ you dint go to moon” peeps moar than once
Years of playing that role will do that
Armstrong smart…stayed out of limelight
Chekt 9s&6zzz
They’ve all been calling for it all year which is why it won’t
This can go on for a long time w/derivatives (and has)
Think back to 2007/8 they spent entire time saying everything is fine then BOOM. Those same people saying it’s gonna blow up now and it’s just had its best month for three years (almost)
Ain’t no way they blow it up with Yellen as Treasury Secretary because it would take about $25t to bail it out and they ain’t ready for that yet
When she gets switched out and they put someone in like Larry Summers/Fink then you know it’s coming. Exactly what was done for 2008 when they put Hank Paulson in that role to manage it cuz he came directly from Goldman
It should have blown up years ago so with an election season coming it would sit at the door of the dems cuz they own it and they can’t have that if they want Gavin in. The big difference in 08 was Bush was at end of second term so it dint matter then…it does now
They’ll get it from NYFED soon
Got $20b Q4 last year in swap lines
Arabs aren’t gonna do it again cept mebby MBS
But they got no place to put UBS and keep it internal (like they did with Credit Suisse)
Bond holders will make deals, equity markets not so much
I’m not saying it won’t habben as it should have years ago but less likely when it’s such a crowded trade (short) >>19965802 pb
Hedgies losing $43b sounds big but it’s not
They got the bots to go long so could yank it but still have billions in share buybacks to come
Cooked today
Eat it tomorrow
Limited wut I can do and pick up still
Plus used to do it that way at mex house years ago-travel today and cooked it after arriving eat next day
Nobody travels today cuz already “there”
You bizzy so I’ll ttyl and gettin stank eye from Doggo
It’s the money all that matters. If the bond holders don’t wanna negotiate then UBS has a problem and need someone like that. The Qatari s got screwed on Moran Stanley in 07 so unlikely them.
Look how long the Chinese saga went on w/Evergrande and the others still ongoing
I wouldn’t rule out Japan either Mitsui or sumitomo
They also focused on China nao and raising savings rates to mebby shove money that way….did it in 2015.
MBS could do it no problem money wise but it’s a black hole like douche bank and monte de paschi in Italy so the question is why would he want to.
Likely the bondholders take a haircut or risk having nuffin later.
>>19967187, >>19967313, >>19967322
Anyone can go in and buy those default swaps at anytime and the CEO knows it’s gonna have to be an external (non Swiss bank ) cuz they shot wad putting CS into UBS
“Of course, this would likely entail an international buyer."
CEO Ermotti said so he knows they need it outside or get it from NYFED-those swap lines reported every Thursday so we’ll see but they vaporized $20b last year via Swiss Nat Bank and NYFED doing the CS-UBS shotgun wedding and that dint include the loan loss guarantees
And then he sez this? After selling AT1 bonds just recently
UBS chief Sergio Ermotti calls for tougher sanctions on negligent bankers
https://www.ft.com/content/7caceb97-c7cf-40be-93ea-4b8ac9919bf7
Investors Return to AT1 Bonds as UBS’s Sale Inspires Confidence
Credit spreads on UBS’s AT1 bond have tightened since issuance last week
https://www.wsj.com/finance/investing/investors-return-to-at1-bonds-as-ubss-sale-inspires-confidence-b0e9f3ae
I wanna know where they gonna put or do with Santander
Kek
Baker can you add these to UBS story
Ty
>>19967187, >>19967313, >>19967322, >>19967432, >>199967409 UBS CEO: SWITZERLAND NEEDS A PUBLIC LIQUIDITY BACKSTOP
>>19967187, >>19967313 (You), >>19967322, >>19967432, >>19967409 UBS CEO: SWITZERLAND NEEDS A PUBLIC LIQUIDITY BACKSTOP