2 ms·

Is there some additional meaning you want to convey by reposting this quote?

• OJFord 4y ago
  Not GP, but it's by my reading to show that it's not at all clickbaity, Levine certainly understands your point, and the headline position is reasoned.
  • MichaelZuo 4y ago
    > and the headline position is reasoned. Huh? Doesn't it reinforce the point that UBS paid quite a lot for Credit Suisse?
    • OJFord 4y ago
      I think when you say 'paid' you mean the literal transaction value + liabilities, whereas when Levine says it he means net of liabilities but also assets. Which is a bit different from not thinking about the liabilities at all (the classic layman response to a company bought out of administration for £1) in that it massively affects the scale - while it's not £1 it's still 'nothing', it's a rounding error on the liabilities, I don't have it hand to quote but there was something about 'as you can tell from the fact they tripled (? whatever it was) shareholder payout in a matter of hours'.
      • MichaelZuo 4y ago
        > I think when you say 'paid' you mean the literal transaction value + liabilities That's the dictionary definition. And I imagine what the vast majority of HN readers will have in mind. Hence why I said the headline is clickbaity.