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> If even the Swiss can't keep it together financially we're in real trouble. The Swiss banking industry has been overrated for a long time. In this case it's
by twblalock 4y ago
> If even the Swiss can't keep it together financially we're in real trouble.
The Swiss banking industry has been overrated for a long time.
In this case it's not like a competent, sensibly run bank failed. Credit Suisse had a track record of being pretty terrible.
- TheOtherHobbes 4y agoNot just pretty terrible, but criminal and corrupt pretty terrible. https://www.firstpost.com/explainers/from-cocaine-money-laundering-to-fake-names-the-long-list-of-scandals-at-credit-suisse-12306982.html https://www.firstpost.com/explainers/from-cocaine-money-laun...
- actionablefiber 4y ago“Crime doesn’t pay” - Credit Suisse, probably
- chii 4y agoIncompetent criminals don't get paid. And you don't hear about the competent ones.