Credit Suisse Bailout (not a question just info for you)
You are missing a few things here that I think should be noted as fan. I think you need more finance insiders. 1. I mentioned in an email prior. This was forced. UBS has a rule where we vote as share holders. We were not prohibited one when a force bail out of this nature takes place, apparently. Like this is new really to this scale. A lot of people working there are pissed. The powers that be made UBS do this because people shareholders were already saying no. What was the point, UBS was already acquiring most of their clients. Not asking for sympathy here but look at it this way. A bunch of 100k-10m accounts are losing gains this year to supplement those at the top. You know like expanding class war? Also who are a lot of the smaller VCs opposed to private equity. 2. UBS is way better in the US the Wellsfsrgo, Chase, and Citibank. I have less than 100k and it helps me. I hardly have a vote. But they have different departments and international UBS is a whole other ball game. Like 2 offices in every office for 2 departments that don't really coordinate. They are way more of a vanilla company than you might think. Like the Godzilla of Kaiju in bank form. When they acquired Paine & Webber it was like when the Visigoths sacked Rome. They were cheered by the employees. It was not forced. Many people in the company blew the whistle with the UBS Clinton Scandal. Like say what you will but they weren't covering for Epstein. 3. Really it's about here is justifying futures and essentially legalized betting with bailouts for when they fail. Like vast majority of UBS is mutual funds. Long term growth with medium risk. Bam that's the magic formula. Oversimplified of course but futures and a lot of these things were not part of their major business model. Now with international I can't say. I have no clue how they run a lot of shit. But futures, log hopping, and package deals like we had with subprime mortgages are tools that are not always discussed. But they are the ones the regulators are catering to. Like people in the divisions are saying "wish I could get bailed out every time I fuck up." As a result those departments are now getting more aggressive because why wouldn't they? They are teenagers with weak parents. But the vast majority of these regular employees don't get this. This is extreme favoritism with regulators. And not even necessarily the biggest breadwinners. Like a lot of stock brokers are pissed now, more of them are asking questions like "Is it a conflict of interest for Powell to serve as Fed Chair when he has worked so heavily in private equity and seems shockingly OK with consolidation. Which helps out older brokers but its forming a pan zee scheme for younger brokers. Like there will be no turf for them if no one can invest. They know this and this scares them. What happens to empires that can no longer expand? 4. Main point. Stock brokers hate crypto. Like madly. None of them on shear principle want to reward someone who puts money on it. Crypto is crap has been pounded in their heads since it was conceived. Like the bank is forced to doing some shit they don't want right now. Majority of the employees and shareholders did not want this. They already were getting a giant chuck of their business with having to buy. Free milk from the farm and govt came in and forced it. Why? Some spill out would have trickled down but probably not. It probably will be good for UBS in the future but people's budgets just got fucked royally. No asking for sympathy but think "do you want your bank to be forced to buy something everyone on the board says no to?" I know cable news won't say shit. So hopefully you will.
Stress on Trumps health
Could the stress of multiple legal cases so damage the former President’s health that he could end up in the hospital or worse? He is not a young man. He seems energetic and vigorous for his age, but he’s 76 years old. Would his followers think he was hounded to death?