by quad-beep-05
via WSJ:
The Swiss National Bank has offered UBS UBS -0.93%decrease; red down pointing triangle Group AG around $100 billion in liquidity to help it take on the operations of Credit Suisse Group AG, according to the people familiar with the matter. Details of the liquidity offer couldn’t be learned but are part of the talks to engineer a takeover of Credit Suisse.
Related: UBS faces millions in penalties over Credit Suisse’s $5.5bn Archegos debacle
In case you haven’t noticed, the entity world economy runs on the “infinite liquidity” scam, since it’s how the US economy works, and the rest of the world is reliant on the US economy.
The US payment towards national debt is now higher than all of its defense spending. That’s like owning a $100MM house and having your other debt payment be higher than your mortgage.
Actually insane, and actually too far gone.
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