{"id":24342,"date":"2023-03-19T16:48:26","date_gmt":"2023-03-19T15:48:26","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=24342"},"modified":"2023-03-19T16:48:26","modified_gmt":"2023-03-19T15:48:26","slug":"ubs-cs","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/financial-repression\/ubs-cs","title":{"rendered":"UBS + CS = ?"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"24334\" data-permalink=\"https:\/\/michelsanti.fr\/en\/financial-repression\/ubs-cs\/attachment\/ch-3-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?fit=1523%2C1900&amp;ssl=1\" data-orig-size=\"1523,1900\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CH\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?fit=821%2C1024&amp;ssl=1\" class=\"alignnone size-full wp-image-24334\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=1170%2C1460&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"1460\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?w=1523&amp;ssl=1 1523w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=240%2C300&amp;ssl=1 240w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=821%2C1024&amp;ssl=1 821w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=768%2C958&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=1231%2C1536&amp;ssl=1 1231w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CH-1.png?resize=1200%2C1497&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>We live in a great time when Credit Suisse is about to be sold to UBS at 1 billion, when its market capitalization exceeded 90 billion in 2007!<\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"24332\" data-permalink=\"https:\/\/michelsanti.fr\/en\/financial-repression\/ubs-cs\/attachment\/cs-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?fit=1900%2C1509&amp;ssl=1\" data-orig-size=\"1900,1509\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CS\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?fit=1024%2C813&amp;ssl=1\" class=\"alignnone size-full wp-image-24332\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=1170%2C929&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"929\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=300%2C238&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=1024%2C813&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=768%2C610&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=1536%2C1220&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/CS.png?resize=1200%2C953&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>In 2022 alone, CS&#8217;s stock has collapsed by 75%.<\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" data-attachment-id=\"24337\" data-permalink=\"https:\/\/michelsanti.fr\/en\/financial-repression\/ubs-cs\/attachment\/cs-2-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?fit=1900%2C1541&amp;ssl=1\" data-orig-size=\"1900,1541\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"cs 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?fit=1024%2C831&amp;ssl=1\" class=\"alignnone size-full wp-image-24337\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=1170%2C949&#038;ssl=1\" alt=\"\" width=\"1170\" height=\"949\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?w=1900&amp;ssl=1 1900w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=300%2C243&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=1024%2C831&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=768%2C623&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=1536%2C1246&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2023\/03\/cs-2.png?resize=1200%2C973&amp;ssl=1 1200w\" sizes=\"(max-width: 1170px) 100vw, 1170px\" \/><\/p>\n<p>This is the period of wild sales because 1 billion would be paid by UBS while the stock market value of CS was still 5 billion at the close last Friday&#8230;<\/p>\n<p>The shareholders of CS, in summary, will only receive 25% of the value of their shares and, meanwhile, the Swiss Government hastily prepares a modification of the law \u2013 yes just that! \u2013 so that CS shareholders are not consulted and cannot vote in the context of this takeover. A fine example of democracy served without any scruple by a Bernese executive literally panicked as soon as we touch what is most sacred to him: a BANK.<\/p>\n<p>I ask myself a question: with its 270 branches worldwide, the 10 most important of which are worth at least 500 million, this price of 1 billion clearly implies heaps of corpses and rotten assets which until then have been carefully concealed. A bit like the takeover, in 2008, by JP Morgan of Bear Stearns at $2 a share which was not even worth that price\u2026<\/p>\n<p>This billion to take over CS is only a face rescue: to show the people, credulous and confident, that the bank is not worth 0.<\/p>\n<p>The amount of this recovery and the negotiations (of which I receive multiple echoes) indicate that UBS really has no desire to take responsibility for CS and the rubbish lying around in its cupboards and in its garbage cans.<\/p>\n<p>That is why, as a last resort, CS will be nationalized and the losses will be \u2013 again and again and again and again \u2013 socialized.<\/p>\n<p>Until the Swiss, American, European citizen\u2026 once and for all stands up against such criminal practices.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff0000;\"><strong>A central bank should not do this!<\/strong><\/span><\/p>\n<p><span style=\"color: #ff0000;\"><strong>My new book: <a style=\"color: #ff0000;\" href=\"https:\/\/www.editionsfavre.com\/livres\/bns-rien-ne-va-plus\/\">https:\/\/www.editionsfavre.com\/livres\/bns-rien-ne-va-plus\/<\/a><\/strong><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; We live in a great time when Credit Suisse is about to be sold to UBS at 1 billion, when its market capitalization exceeded 90 billion in 2007! &nbsp; &nbsp; In 2022 alone, CS&#8217;s stock has collapsed by 75%. &nbsp; This is the period of wild sales because 1 billion would be paid by&hellip;<\/p>\n","protected":false},"author":4,"featured_media":24332,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648942096,648941256],"tags":[],"class_list":["post-24342","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-repression","category-switzerland"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UBS + CS = ? 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