Sean Foo, Mike Maloney and George Gammon 3-21-2023

The Fall Of Credit Suisse | Bondholders Wiped Out, $17 Billion Now Worthless

Sean Foo:  3-21-2023

Credit Suisse has fallen with UBS agreeing to buy the bank in a shocking takeover. Not only did they get a cheap deal, but the bondholders of Credit Suisse's high-risk debt were also wiped out. $17 billion is now worthless!

Here's what you must know about the Credit Suisse bailout and how the banking crisis likely isn't over yet.

Timestamps & Chapters:

0:00 The End of Credit Suisse

1:51 The Big Bailout!

4:10 $17 Billion Bond Implosion

6:54 Bond Crisis Getting Worse

8:51 A Credit Crisis Coming

11:02 Running To Warren Buffett

https://www.youtube.com/watch?v=w7LLzPIL-vg

RESERVES NOT REQUIRED (Bank Crisis Worse Than You Thought) - Mike Maloney & George Gammon

3-21-2023

Things are truly heating up, but what caused this?

https://www.youtube.com/watch?v=TLm30hm2irs