🔵 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/ 👉 Rossmann chat: https://matrix.to/#/#rossmannrepair:matrix.org 👉 Equipment used: 🔵 Chair: https://amzn.to/3MjLrnT 🔵 Microphone: https://amzn.to/3g1hsok 🔵 Mic stand: https://amzn.to/3Vg47ZI 🔵 Audio interface: https://amzn.to/3VuKihx 🔵 Camera: https://amzn.to/3CTk1Av 🔵 Lighting: https://amzn.to/3RSriGC 👉 Stream FAQ: https://store.rossmanngroup.com/faq.txt 👉 Affiliate: › Buying on eBay? Support us while you shop! https://www.rossmanngroup.com/ebay › Rossmann Repair Group Inc is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com 👉 Leave a tip for us via cryptocurrency if we've helped you out: › Credit card: http://bit.ly/postamessage › Bitcoin: 1EaEv8DBeFfg6fE6BimEmvEFbYLkhpcvhj › Bitcoin Cash: qzwtptwa8h0wjjawr5fsm0ku8kf40amgqgm6lx4jxh › Dash: XwQpZuvMvU44JT7C7Uh6xHvkSadzJw9fMN › Dogecoin: DKetsoCvwa2hF29ssgUA4Wz4hxT4kj3KLU › Ethereum: 0x6f6870feb48f08388ee345cf0261e2f03d2fa310 › Ethereum classic: 0x671bfd61ba87edf6365c97cea33d66ba73645510 › Litecoin: LWnbTTAjojZQt68ihFJFgQq3cYHUsTcyd7 › Verge: DFumZ5sMhi3JktLQpsTVtV9xUt3zKDrcZV › Zcash: t1Ko3FkphQYoQroQc8k2DVk4WKMAbmNR8PH › Zcoin: a8QdvArHmdRYe1MjiqtP6jDNe6Z4JgnRKZ 00:00 - Disclaimer 00:20 - Intro 00:30 - Pronunciation 00:50 - Purpose of the rant 01:30 - Into the story 02:16 - I understand people being mad 03:21 - To the point 03:56 - "Bonds" outrage 04:19 - The risk on the 9 billion & 100 billion 04:52 - Credit Suisse AND UBS have to go bankrupt for the 100-200 billion to be issued 05:43 - AT1 bonds working AS THEY ARE SUPPOSED TO 06:00 - The people complaining are not laypeople, they're financial professionals 06:10 - How AT1 bonds work 06:45 - Let's talk about why people buy AT1 vs. US treasuries 08:05 - How AT1 securities work 08:45 - What the security was called tells you everything 09:05 - Professional investor tears 09:45 - Reiterating what an AT1 bond is 09:57 - Misunderstanding 10:10 - A practical example of this misunderstanding in my own business 11:30 - What bothers me about the coverage 11:50 - The problem 12:35 - This happened 4 years ago 13:15 - People who know better are crying about this 14:03 - Why the shareholders get paid out before AT1 14:48 - Conclusion 15:10 - Part 2, UBS' asks 16:10 - Valuations 19:25 - I don't blame UBS, I blame swiss govt