Even the mighty can collapse

 👀OMG!! The Credit Suisse Group AG collapsed 🏦 and now, bondholders have discovered that $17 billion worth of so-called Additional Tier 1 debt was worthless. 😱 Authorities intervened on very thin ice and it seems like the government's crisis management is carried out in a panicked way that undermines the rule of law and undermines Switzerland. 🤯


Foreign investors are now wondering if Switzerland is a banana republic 🍌 where the rule of law doesn't apply?. Lawsuits might be in order. 🤔 The Ethos Foundation has even threatened legal action over the issue of blocking shareholder votes. ⚖️

#CreditSuisseCollapse #SwitzerlandInCrisis #EthosFoundation #RuleOfLaw #BananaRepublic? 🤔

Credit Suisse’s Collapse Reveals Some Ugly Truths About Switzerland for Investors - BNN Bloomberg

https://www.bnnbloomberg.ca/credit-suisse-s-collapse-reveals-some-ugly-truths-about-switzerland-for-investors-1.1897999

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