Submitted by ProudHeron5768 t3_yhs16s in wallstreetbets
Comments
noaffects t1_iufniat wrote
Evergrande moments
notzebular0 t1_iufnkxb wrote
Evergrande 2.0
viperex t1_iufroys wrote
Evergrande is still around, no?
pigsgetfathogsdie t1_iuft7tr wrote
Credit Suisse: Hey Jamie…can you join is in November for the $4 Bank Rights Issue?
CEO/JP Morgan: 😐
Jesuskrust1313 t1_iufthbc wrote
Lehman II : electric boogaloo.
insanemetal187 t1_iufu990 wrote
They gotta dance until after the midterms and then pander like fuck to the winner for a bail out.
OrphanTears614 t1_iufukkd wrote
Straight up signing a suicide pact as the banks
MrStealYoBeef t1_iufv4hz wrote
Guys... I think the AI has learned too much from the internet...
LiquorSlanger t1_iufwjss wrote
Asking other banks to hold their bags when the other banks already hold bags? Lol
BlazingLazers69 t1_iufy7v8 wrote
notzebular0 t1_iufz2uf wrote
Exactly
finalspaceforce t1_iufzi9q wrote
more like Austin Powers coz this shit is comical
TheWizardOfAllz t1_iug2bvp wrote
TLDR
Shivin302 t1_iug32vr wrote
Take my updoot
flat_broke t1_iug3r1p wrote
You’d think they’d have some money from all the pron filmed in that building.
onijin t1_iug5m6f wrote
Absolute fucking animal.
Ok_Active_8294 t1_iug6l4e wrote
Let them fail
Jefferymd1325 t1_iug75aj wrote
Did they try unplugging and plugging back in?
McKeyHardlander t1_iug7mje wrote
Wen face eating?
redditmodsRrussians t1_iug7nnm wrote
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?
McKeyHardlander t1_iug7pbo wrote
Sorry misspoke. Face wearing.
beardgangwhat t1_iug7ze6 wrote
suckercuck t1_iug9t4p wrote
I believe Morgan Stanley just jumped in to help out since they already enjoy holding “mEmE sTocK” bags.
Puppy Monkey Baby
throwitawayCrypto t1_iug9wyv wrote
This guy gets it
throwitawayCrypto t1_iugafz9 wrote
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
right2bootlick t1_iugaszg wrote
So short banks before midterms?
servitudewithasmile t1_iugbfro wrote
We heard you like bagholding. So we put bags on your bags so you can baghold while you baghold.
Eastbeast183 t1_iugdgyd wrote
Guess they're finally running out of all that Nazi money.
Pmartinez8241 t1_iugfave wrote
I got PUTS that expire in December strike price $4, they will print once $CS stops prolonging it inevitable demise!
boknowski t1_iugggjd wrote
Awkward Look Monkey Puppet
gwentfiend t1_iughabp wrote
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
Jesuskrust1313 t1_iugj8dm wrote
Here’s an updoot back at ya
Ashamed-Confection44 t1_iugk6ix wrote
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.
Icy-Faithlessness239 t1_iuglq1w wrote
I was just about to comment that the battery level checks out, so I'm into it.
OkEntertainment7634 t1_iugn0yx wrote
secondliaw t1_iugnl5d wrote
Just get multiple AE centurion cards and do balance transfer. Problem solved.
jblmike t1_iugo28m wrote
Exactly what Credit Suisse is trying to do.
Old_Description6095 t1_iugo62y wrote
Defiant_Pomelo333 t1_iugodoz wrote
When is midterms?
DidNotRedditMan t1_iugrvmj wrote
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.
DidNotRedditMan t1_iugrxj3 wrote
And then loose it all on r/wallstreetbets. Rinse and repeat.
Puzzleheaded-Hall454 t1_iugs7wk wrote
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.
EveHerr t1_iugtd5y wrote
what is BofA?
Adventurous_Host_426 t1_iugu27a wrote
Tomorrow.
lordofhunger1 t1_iuguan9 wrote
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?
Slut_Spoiler t1_iugufrn wrote
If someone pulled out 20 credit cards, I would wonder how responsible they are.
Hebnaamnodig t1_iugwgaz wrote
Bank of America I assume
originalGooberstein t1_iugwy42 wrote
Those guys in star wars that died to steal the death star plans. He's talking about insider trading.
JavierMartinG t1_iugx0uw wrote
BofA deez nuts
free-crude-oil t1_iugx78u wrote
I politely deny your request.
LannyDamby t1_iugxgo4 wrote
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
usernamefindingsucks t1_iuh02b0 wrote
Tuesday, November 8, 2022
Clayton_bezz t1_iuh04ce wrote
I’ve said it before. They’ll survive. They’d have gone under already if it was going to happen
GayGrouchyBabyBear t1_iuh0b7o wrote
Let me pop one in my mouth real quick
ShaolinShadowBoxing t1_iuh19ni wrote
Fucking lmao at over regulation from the government causing this issue
sometimesimakeshitup t1_iuh4ymn wrote
StreetfighterXD t1_iuh6kdh wrote
Charge your phone you maniac
rocketscientology t1_iuh90rk wrote
manny bothans. he was a hero
Peenazzle t1_iuha0ur wrote
This time it's different
Or something
Peenazzle t1_iuha60p wrote
Peenazzle t1_iuhaiei wrote
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
i_bid_thee_adieu t1_iuhano8 wrote
Lehmann Suisse
maxpowers2020 t1_iuhb8ul wrote
Dead like your battery.
HumbledB4TheMasses t1_iuhhced wrote
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
brucekeller t1_iuhhjhl wrote
Maybe Elon can buy up some bankrupt European banks while he's at it.
Elegant_Fisherman847 t1_iuhij1k wrote
You realise they are going to doing a rights issue?
Elegant_Fisherman847 t1_iuhin3w wrote
They’re leading a rights issue not debt. You are highly regarded.
Elegant_Fisherman847 t1_iuhiuhw wrote
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.
laserinlove t1_iuhktq7 wrote
Redditor-K t1_iuhmwh1 wrote
Everyone are part of the syndicate, and so everyone gets a share. Do you see, Yossarian?
pronthrowaway124 t1_iuhmwig wrote
dwinps t1_iuhnimg wrote
Bank of Albondigas
RedshiftOnPandy t1_iuhnwzl wrote
Credit Sus is screwed, 25% of their assets is just Canadian real estate and it's going to be tanking for years
Huarrnarg t1_iuhraep wrote
fucking highly regarded time traveler spotted
BobAndy004 t1_iuht4gf wrote
The electrical infrastructure on that building is complete dogshit, why would anyone want to invest in a place like that
Dazzling-Total8471 t1_iuhu59q wrote
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 .
Far_Neighborhood_817 t1_iuhxt6h wrote
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
bitcoinslinga t1_iuhxxa4 wrote
Invited them all to a catshit wrapped in dogshit sandwich.
111001011001 t1_iuhz0jh wrote
The Federal Reserve is tired of holding the bag?
dwinps t1_iuhzk2g wrote
JoseArcadi0 t1_iui0pwe wrote
pablogmanloc t1_iui0zwh wrote
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...
Hodlthesqueeze t1_iui1n1l wrote
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.
Consol-Coder t1_iui1o1l wrote
Never forget that a half truth is a whole lie.
SimbaGRRR1 t1_iui2gcb wrote
It's too big to fail.
Ashamed-Confection44 t1_iui2i8x wrote
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.
Firemorfox t1_iui337z wrote
The fuck do ya mean, "over regulation"?
Are you living in a different country than the US, perhaps?
Ashamed-Confection44 t1_iui3x8f wrote
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.
Elegant_Fisherman847 t1_iui58xz wrote
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.
dwinps t1_iui6uh6 wrote
Whooooosh
Don’t take it too seriously
Elegant_Fisherman847 t1_iui7fb6 wrote
Don’t talk out your ass then
[deleted] t1_iui84kx wrote
ThisKarmaLimitSucks t1_iuic1qp wrote
JPow, it's working.
StudlyPenguin t1_iuic73q wrote
Absolutely
[deleted] t1_iuicxnd wrote
[deleted]
hughriceman t1_iuidtot wrote
Bye bye 🤣🤣🤣💎💎💎💎
Ashamed-Confection44 t1_iuielul wrote
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
turdmachine t1_iuifo52 wrote
The only liquidity they have will be dripping down their pant legs
turdmachine t1_iuifrym wrote
I’m into fitness. Fitness set of balls in my gullet
Firemorfox t1_iuih1eo wrote
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.
Ashamed-Confection44 t1_iuii5ik wrote
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.
animalinstinct10m t1_iuiodn6 wrote
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.
LegitimateGift1792 t1_iuipraq wrote
and get the sign up points.
ShaolinShadowBoxing t1_iuiqfyj wrote
Just so we get this straight, big government libs have conspired to create so much paperwork that small, independent banks couldn’t fill out the papers so they went out of business? Why didn’t your obviously precious small government conservatives save them by reducing the paperwork? It’s almost like nothing you said has anything to do with fucking anything lmfao
jamiecarl09 t1_iuiqmwc wrote
If every bank is left bag holding, the government decides to take the bags. Good ol' free market
[deleted] t1_iuis1sj wrote
snippythehorses t1_iuiumb3 wrote
More like bear sterns. The difference matters
Walla_Walla_26 t1_iuixt2f wrote
Seriously. Wtf.
Walla_Walla_26 t1_iuiy3ia wrote
Absolute Truth.
Jimmyking4ever t1_iuiytnn wrote
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!
Dr_Colossus t1_iuj457e wrote
If they all hold bags, maybe they can get another bailout for rich people.
v10climbz t1_iujosxj wrote
That’s the best kind
MrDetail123 t1_iujqdrl wrote
Maybe they can use that money to clean up Spider-mans web juice?
VisualMod t1_iuff0vf wrote