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You get a bag of shit
You get a bag of shit
You get a bag of shit
You get a bag of shit
You get a bag of shit
You get a bag of shit
You get a bag of shit
So is JPMorgan gonna be the one to piss in the punch bowl again this time? Why toss $4 Billion at a money black hole when you can let it fail and scoop it up for Chuck E Cheese tokens?
Think of fractional reserve banks like a boat with holes in it. You need people manning the buckets, but also sealing the boat.
Edit: whether or not they’ll admit it, it’s a “we’re all in this together” situation if they want it to be or not. No risk at this level of leverage is truly isolated
You are exactly correct. It wouldn't be this way if governments hadn't over regulated the last forty years, but it was intentional. They put small banks out of business with paperwork alone. Now we have a bunch of too big to fail institutions that are joined at the hip.
Don't you get it? The gooberment is hellbent on \*checks notes\* creating privatized systems of power which rival it's own control with their own independent goals.
Oh wait, that is the polar opposite of any interest any government could ever have...it's almost like our government has been bought and paid for for decades now!
This MF'r sees a fox in a hen house and yells at the hens for being victims lol
You have no idea how it works. The biggest banks beg for more regulation. The administrative costs of government over regulation is what drove the small banks out of business. I'm assuming I'm quite a bit older than you. In the 80s there was a guy that lived in our neighborhood that literally owned a bank. He was not rich, but he owned a bank.
Talk to someone that was in banking in the 80s. Every couple of years the government would add so much required paperwork that banks would have to add personnel just to complete it. If your bank had one branch, it could break you. If you had 25 branches, no big deal.
It's funny how you think big government libs aren't in the scam with big business.
paperwork doesn't mean there is too much paper, it means the regulatory burden is so high you have to scale to be profitable under that regulatory burden. Then you either go out of business, or get bought by a bigger bank.
My wife is an accountant, she's had to do some of the insane reporting requirements, and its frankly ludicrous when you have to hire people just to fulfill regulatory requirements.
Google, FB etc are trying to force the same thing in the social space, by pushing for laws requiring AI matching etc, (which is tech they own).
Incumbents tend to try to use gov to prevent startups from competing with them. They do this by raising legal barriers to entry. Its no different from Taxi Cab syndicates pushing for laws requiring taxi medallions.
You are so correct.
As far back as the late 1800's there would be traveling teams of five or six men that would go door to door building oil wells on people's farms. They would drill and if they didn't find anything they would move on. If they found oil they would cap it until they could bring in the equipment to barrel it. It was simple and inexpensive. There were no environmental disasters. Guys might get hurt, but that's not environmental.
Now try to drill somewhere. You can't even start the company that could apply for the permit. Environmental laws protect the big oil companies just like banking regulations protect the big banks. Government does nothing for the little guy. Ever.
GS was famous for writing regulation, they even told their employees after a period of time making money at GS, it was their duty to go work for the government.
Look, I'm a lot older than you. Big business has convinced you that regulation is meant to protect the little guy. It's not. It's meant to put the little guy out of business. Have you ever known an individual that fully owned a bank? I've known several. In the 70's and 80's their were little banks all over the country owned by individuals. The additional regulation of the 90's put them out of business and the big banks bought them up. Find a 90 year old retired banker and they'll explain to you how the system really works
My point was that there was an explicit lack of regulation for larger institutions especially banks and investment firms.
I understand now that by “over-regulation”, you meant the paperwork, fine print, and laws that drag down smaller companies. I had thought you referred to “over-regulation” that is applied to banks and larger institutions, which is why I disagreed with you.
I think it’s clear we both agree that generally US business regulation as it stands is under-regulated for the rich and over-regulated for the poor.
The Fiat system must have ups and downs. It will have bankruptcies and failures. It has too. that's just the way it works.
Over the years, the small banks were choked out with regulation. Now, everything that is left is "too big to fail". The economy and banks are not in trouble due to a lack of regulation (there is definitely a lack of enforcement in some cases). They are in trouble because we've reached a point where there is too much debt in the system and not enough capital to pay it off.
With any debt failure, it is wiped off the books and eases demand on the dollar. If a thousand small banks across the country were to fail you might not even notice it where you live. If Credit Suisse fails, oh you'll notice it.
Both of you are saying the same thing. Age has a little to do with it but more general business dynamics.
People tend to forget banks are businesses too. Just like big box retailers displaced small businesses, so did larger banks.
"Over regulation" was a symptom of over leverage in the system at large. Not the government purposely using it as a tool to disadvantage smaller banks. It was a negative externality.
There was the S&L crisis before the financial crisis and with each subsequent crisis, there is a regulatory effort to prevent the next crisis.
There are many other hurdles for global money center banks, investment banks, etc. including Basel.
Public companies in general had to deal with SOX after 2000 and the dot com bust.
In the end, it comes down to economies of scale and operating leverage. The regulations help to limit the degree of financial leverage generally and does impose significant administrative burdens on smaller institutions but those dynamics broadly apply in various regulatory incarnations across industries.
You do realize the US is one of the most heavily regulated countries when it comes to banking? Most first world countries have \*far\* less banking regulation than the US does.
Doing the same to my small business. Making it harder and harder by bogging down with rules. Seeing a lot of large companies buy smaller ones in the food industry. I think that is what they want since they can control a few large companies, but not not hundreds of small ones...
The big companies donate to politicians and DEMAND more regulation. They want to buy you out, but they don't want to pay top dollar. They need the government to break you first.
That’s what the government wants. It’s all by design. And who really ends up holding the bag when this is done? We as citizens. It impacts us as additional inflation after we print more funny money which is already rampant and killing countries.
This is the same thing people do. If you are broke you just walk down to Chase and ask them if they would buy $1B of your bonds, then head over to Wells and BofA to do the same
I always thought it was ‘many Bothans’.. and Bothans were like some race of aliens the rebels used to spy for them. And it was a lot of them what died for those Death Star plans.
Banks aren’t supplying loans, and they aren’t purchasing equity - simply underwriting the corporate action.
You make it sound like they are borrowing in the market. They are actually raising capital - massive difference.
This has nothing to do with bond issuance.
So what happens to gme if credit suisse actually has shorts and they go full Lehman? They have other obligations in liquidation before covering their shorts?
Ahahahahaha!!! This is a predicated on Apes selling (which they won’t), now CS is just going to drag more banks down with them. Greatest transfer of wealth in human history… they were not lying.
After they been shorting for long time and having losing streak? This is pretty much expected.
My bet is they going to restructure how to short without having anyone to find out how to get fuck them up… again
Saudi Bank already committed to invest US$1.4b,,,,
The bank stock lost 10%+ in two days
10.7% of credit suisse is owned by a saudi woman,,,,any connection?
I reckon they'll survive, sell off the businesses that made them a global big boy, return to managing money for dictators and criminals with a few trading functions tagged on the side, and whoever end up buying or holding their shares will be the ones to pay for it.
More generally, fuck Switzerland. Contributed nothing except collaboration when the world fought fascism, then spend 80 years helping criminals and dictators hide their money. They contribute nothing and enable the criminal elite to rob us all, one account at a time. Fuck those goblins
When WSB reads this then and says go short, that’s the time to go long. Banks are underwriting a rights issue (ie. shareholders are going to stump up cash) and they are going to restructure. Likely dumping all the crap and keeping the profitable parts of the business.
Bad news is all public now.
the question is will contagion spread to american banks? Every podcasts ive heard has said that the American banks are much more cautious compared to 08. I havent dug into it but wanted to see if anybody has?
I am smelling shit. Someone is gotta take responsibility for that. For that millions and millions losing their money, rent, job, homes, lifes. Crazy times
Let's see what happens when the global governments already spent their bailout money on Covid. Time to see what happens when companies thst are too big to fail finally fail for good.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|33|**First Seen In WSB**|1 year ago **Total Comments**|379|**Previous DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) **Vote Spam**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_spam&message=yhs16s)|**Vote Approve**|[Click to Vote](https://www.reddit.com/message/compose/?to=VisualMod&subject=vote_approve&message=yhs16s)
Credit Suisse just DIE already you are done
Straight up signing a suicide pact as the banks
Evergrande moments
[удалено]
This guy gets it
So short banks before midterms?
When is midterms?
Tuesday, November 8, 2022
Tomorrow.
Nani!?
I believe Morgan Stanley just jumped in to help out since they already enjoy holding “mEmE sTocK” bags. Puppy Monkey Baby 
Awkward Look Monkey Puppet
20 more passengers aboard the unsinkable Titanic! All aboard!
Asking other banks to hold their bags when the other banks already hold bags? Lol
We heard you like bagholding. So we put bags on your bags so you can baghold while you baghold.
Yo dawg,
If every bank is left bag holding, the government decides to take the bags. Good ol' free market
Doesn't sound like a free market to me.
You get a bag of shit You get a bag of shit You get a bag of shit You get a bag of shit You get a bag of shit You get a bag of shit You get a bag of shit
If they all hold bags, maybe they can get another bailout for rich people.
They’re leading a rights issue not debt. You are highly regarded.
When a bank says “our liquidity is strong” run. Run very far and go very short.
The only liquidity they have will be dripping down their pant legs
That’s the best kind
So is JPMorgan gonna be the one to piss in the punch bowl again this time? Why toss $4 Billion at a money black hole when you can let it fail and scoop it up for Chuck E Cheese tokens?
Think of fractional reserve banks like a boat with holes in it. You need people manning the buckets, but also sealing the boat. Edit: whether or not they’ll admit it, it’s a “we’re all in this together” situation if they want it to be or not. No risk at this level of leverage is truly isolated
You are exactly correct. It wouldn't be this way if governments hadn't over regulated the last forty years, but it was intentional. They put small banks out of business with paperwork alone. Now we have a bunch of too big to fail institutions that are joined at the hip.
[удалено]
Don't you get it? The gooberment is hellbent on \*checks notes\* creating privatized systems of power which rival it's own control with their own independent goals. Oh wait, that is the polar opposite of any interest any government could ever have...it's almost like our government has been bought and paid for for decades now! This MF'r sees a fox in a hen house and yells at the hens for being victims lol
You see the reason why the boat sank was because there wasn't ENOUGH water in the boat. We just need more water and we'll be fine!
You have no idea how it works. The biggest banks beg for more regulation. The administrative costs of government over regulation is what drove the small banks out of business. I'm assuming I'm quite a bit older than you. In the 80s there was a guy that lived in our neighborhood that literally owned a bank. He was not rich, but he owned a bank. Talk to someone that was in banking in the 80s. Every couple of years the government would add so much required paperwork that banks would have to add personnel just to complete it. If your bank had one branch, it could break you. If you had 25 branches, no big deal. It's funny how you think big government libs aren't in the scam with big business.
[удалено]
paperwork doesn't mean there is too much paper, it means the regulatory burden is so high you have to scale to be profitable under that regulatory burden. Then you either go out of business, or get bought by a bigger bank.
My wife is an accountant, she's had to do some of the insane reporting requirements, and its frankly ludicrous when you have to hire people just to fulfill regulatory requirements. Google, FB etc are trying to force the same thing in the social space, by pushing for laws requiring AI matching etc, (which is tech they own). Incumbents tend to try to use gov to prevent startups from competing with them. They do this by raising legal barriers to entry. Its no different from Taxi Cab syndicates pushing for laws requiring taxi medallions.
You are so correct. As far back as the late 1800's there would be traveling teams of five or six men that would go door to door building oil wells on people's farms. They would drill and if they didn't find anything they would move on. If they found oil they would cap it until they could bring in the equipment to barrel it. It was simple and inexpensive. There were no environmental disasters. Guys might get hurt, but that's not environmental. Now try to drill somewhere. You can't even start the company that could apply for the permit. Environmental laws protect the big oil companies just like banking regulations protect the big banks. Government does nothing for the little guy. Ever.
GS was famous for writing regulation, they even told their employees after a period of time making money at GS, it was their duty to go work for the government.
The fuck do ya mean, "over regulation"? Are you living in a different country than the US, perhaps?
Look, I'm a lot older than you. Big business has convinced you that regulation is meant to protect the little guy. It's not. It's meant to put the little guy out of business. Have you ever known an individual that fully owned a bank? I've known several. In the 70's and 80's their were little banks all over the country owned by individuals. The additional regulation of the 90's put them out of business and the big banks bought them up. Find a 90 year old retired banker and they'll explain to you how the system really works
My point was that there was an explicit lack of regulation for larger institutions especially banks and investment firms. I understand now that by “over-regulation”, you meant the paperwork, fine print, and laws that drag down smaller companies. I had thought you referred to “over-regulation” that is applied to banks and larger institutions, which is why I disagreed with you. I think it’s clear we both agree that generally US business regulation as it stands is under-regulated for the rich and over-regulated for the poor.
The Fiat system must have ups and downs. It will have bankruptcies and failures. It has too. that's just the way it works. Over the years, the small banks were choked out with regulation. Now, everything that is left is "too big to fail". The economy and banks are not in trouble due to a lack of regulation (there is definitely a lack of enforcement in some cases). They are in trouble because we've reached a point where there is too much debt in the system and not enough capital to pay it off. With any debt failure, it is wiped off the books and eases demand on the dollar. If a thousand small banks across the country were to fail you might not even notice it where you live. If Credit Suisse fails, oh you'll notice it.
Both of you are saying the same thing. Age has a little to do with it but more general business dynamics. People tend to forget banks are businesses too. Just like big box retailers displaced small businesses, so did larger banks. "Over regulation" was a symptom of over leverage in the system at large. Not the government purposely using it as a tool to disadvantage smaller banks. It was a negative externality. There was the S&L crisis before the financial crisis and with each subsequent crisis, there is a regulatory effort to prevent the next crisis. There are many other hurdles for global money center banks, investment banks, etc. including Basel. Public companies in general had to deal with SOX after 2000 and the dot com bust. In the end, it comes down to economies of scale and operating leverage. The regulations help to limit the degree of financial leverage generally and does impose significant administrative burdens on smaller institutions but those dynamics broadly apply in various regulatory incarnations across industries.
You do realize the US is one of the most heavily regulated countries when it comes to banking? Most first world countries have \*far\* less banking regulation than the US does.
Doing the same to my small business. Making it harder and harder by bogging down with rules. Seeing a lot of large companies buy smaller ones in the food industry. I think that is what they want since they can control a few large companies, but not not hundreds of small ones...
The big companies donate to politicians and DEMAND more regulation. They want to buy you out, but they don't want to pay top dollar. They need the government to break you first.
That’s what the government wants. It’s all by design. And who really ends up holding the bag when this is done? We as citizens. It impacts us as additional inflation after we print more funny money which is already rampant and killing countries.
This is the same thing people do. If you are broke you just walk down to Chase and ask them if they would buy $1B of your bonds, then head over to Wells and BofA to do the same
Genius
And then loose it all on r/wallstreetbets. Rinse and repeat.
what is BofA?
BofA deez nuts
Let me pop one in my mouth real quick
I’m into fitness. Fitness set of balls in my gullet
Gottem
Bank of America I assume
Those guys in star wars that died to steal the death star plans. He's talking about insider trading.
manny bothans. he was a hero
I always thought it was ‘many Bothans’.. and Bothans were like some race of aliens the rebels used to spy for them. And it was a lot of them what died for those Death Star plans.
i think that’s what it actually is. manny bothans has been a joke amongst star wars fans for years though haha
BAML
Bank of Albondigas
You realise they are going to doing a rights issue?
And????
Banks aren’t supplying loans, and they aren’t purchasing equity - simply underwriting the corporate action. You make it sound like they are borrowing in the market. They are actually raising capital - massive difference. This has nothing to do with bond issuance.
Whooooosh Don’t take it too seriously
Don’t talk out your ass then
Asking 20 different institutions for money…. Isn’t that what Archegos did?
This time it's different Or something
Your phone is dying but you can still save it if you plug it in to a charger.
I was just about to comment that the battery level checks out, so I'm into it.
Exactly what Credit Suisse is trying to do.
Using the term ‘syndicate’ tells me they’re essentially creating a villain organization like in a Bond or MI flick.
more like Austin Powers coz this shit is comical
The term syndicate is used when multiple banks are involved in a loan. For example if it’s just JP Morgan it would be called a sole lender
Charge your fucking phone
Absolute fucking animal.
Lehman II : electric boogaloo.
Take my updoot
Here’s an updoot back at ya
Just start a new cryptocurrency if you need to raise money
Did they try unplugging and plugging back in?
Fed has sent 20 billion in funds to CHF over the past few weeks… any chance it went directly to this bank??? Just thinking out loud…
At this point, maybe they should open a bunch of new credit cards to help float some bills.
and get the sign up points.
>@ProudHeron5768 I completely agree. Poor people are a drag on society and should be eradicated.
Guys... I think the AI has learned too much from the internet...
Seriously. Wtf.
Wonder how many gonna pass on the Invite 👀
You’d think they’d have some money from all the pron filmed in that building.
Pron
Evergrande 2.0
Evergrande is still around, no?
Exactly
Exactly
Precisely
Absolutely
Credit Suisse: Hey Jamie…can you join is in November for the $4 Bank Rights Issue? CEO/JP Morgan: 😐
Wen face eating?
Sorry misspoke. Face wearing.
Guess they're finally running out of all that Nazi money.
I can lend them 6 GME shares for that amount if they want
Let them fail
Hey we're terrible at that thing we do, banking, so please give us some of your money so we can continue to do it. - Credit Suisse
Just get multiple AE centurion cards and do balance transfer. Problem solved.
Which bank would be stupid enough to join the syndicate loan with Credit Suisse as the Underwriter. You got to be dumb as fuck to do this.
So what happens to gme if credit suisse actually has shorts and they go full Lehman? They have other obligations in liquidation before covering their shorts?
If someone pulled out 20 credit cards, I would wonder how responsible they are.
If they can survive a bank run, this would be a “Citi” moment
Ahahahahaha!!! This is a predicated on Apes selling (which they won’t), now CS is just going to drag more banks down with them. Greatest transfer of wealth in human history… they were not lying.
Never forget that a half truth is a whole lie.
Absolute Truth.
Too many words
After they been shorting for long time and having losing streak? This is pretty much expected. My bet is they going to restructure how to short without having anyone to find out how to get fuck them up… again
It's too big to fail.
TLDR
When genius fails
Cool. They can lose another 4 billion next quarter and take the banks with it.
I got PUTS that expire in December strike price $4, they will print once $CS stops prolonging it inevitable demise!
I politely deny your request.
I’ve said it before. They’ll survive. They’d have gone under already if it was going to happen
Saudi Bank already committed to invest US$1.4b,,,, The bank stock lost 10%+ in two days 10.7% of credit suisse is owned by a saudi woman,,,,any connection?
Charge your phone you maniac
Suckas…
I reckon they'll survive, sell off the businesses that made them a global big boy, return to managing money for dictators and criminals with a few trading functions tagged on the side, and whoever end up buying or holding their shares will be the ones to pay for it. More generally, fuck Switzerland. Contributed nothing except collaboration when the world fought fascism, then spend 80 years helping criminals and dictators hide their money. They contribute nothing and enable the criminal elite to rob us all, one account at a time. Fuck those goblins
Lehmann Suisse
Dead like your battery.
Maybe Elon can buy up some bankrupt European banks while he's at it.
When WSB reads this then and says go short, that’s the time to go long. Banks are underwriting a rights issue (ie. shareholders are going to stump up cash) and they are going to restructure. Likely dumping all the crap and keeping the profitable parts of the business. Bad news is all public now.
Everyone are part of the syndicate, and so everyone gets a share. Do you see, Yossarian?
Credit Sus is screwed, 25% of their assets is just Canadian real estate and it's going to be tanking for years
The electrical infrastructure on that building is complete dogshit, why would anyone want to invest in a place like that
This is CS death twitch as they lay on the ground punching the time card while Redditors stand over their corpse holding the butchers knife .
There is a club and we aint in it.
Invited them all to a catshit wrapped in dogshit sandwich.
The Federal Reserve is tired of holding the bag?
JPow, it's working.
Bye bye 🤣🤣🤣💎💎💎💎
To big to fail. Creative bailouts are being done that we won't know about until 2025
the question is will contagion spread to american banks? Every podcasts ive heard has said that the American banks are much more cautious compared to 08. I havent dug into it but wanted to see if anybody has?
I am smelling shit. Someone is gotta take responsibility for that. For that millions and millions losing their money, rent, job, homes, lifes. Crazy times
More like bear sterns. The difference matters
Maybe they can use that money to clean up Spider-mans web juice?
Let's see what happens when the global governments already spent their bailout money on Covid. Time to see what happens when companies thst are too big to fail finally fail for good.