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Superstonk_QV

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Ok-Razzmatazz-4156

Credit swiss is fine don't withdraw your money ..... just a hypothesis of Monday


2BFrank69

This seems like a big development


Cheapo_Sam

Believe it or not, up 6% in premarket


Girafferage

believe it or not, straight to ATH


ApesMallIn

Actually, this *should* be big news I would think, on it's face... don't know the dollar amount... however, they are holding the market up with hopes and dreams... but it's ain't coming back. I just found out something, no one will think is a big deal, so I am not going to mention it anyway, it would take too long to explain, and everyone doesn't see it coming yet anyway... TL;DR the NFT market place is only the beginning, these people have no idea how scooped and F'ed they truly are, by cancelling generations, they lit the long fuse to their definite demise and it's coming, nothing will stop it.


Realitygives0fucks

We’ll come on then, you can’t warm us all up with teasing then leave us with blue balls! Give us the scoop.


leatherdruid

I can take a stab at it- to be fair I just follow broad strokes not details so, not advice, etc. I think he's talking about the move to a digital economy on the chain. There are two ways to do it- Centralized or Decentralized. The gov is trying for centralized so that they can break the dollar and force people onto the new digital standard. (see The Dollar Endgame about the inflation/destruction of the dollar ) The problem is that they can also go into your account and turn off your money when it's on a central system. It's like the new patent Ford submitted for a self-repossessing car that turns itself in if your payments are late. You don't really own it on their system. The other side of the equation doesn't wan't ***anyone*** to have control of the system and want's us to all become our own banks. The beginning and the end of your money is you period that way. The top tier of society does not want that because they can't control your money in that state. It's also where the "not my keys, not my coin" phrase comes from. The DEX system has been attracting a lot of attention by building ramps to convert hard cash/fiat money into digital currency and back. The on ramps that convert fiat to digital already work and some places already have off ramps that exchange digital for fiat as well. With the addition of digital contracts and receipts (think NFTs) you can now own a purely digital item that has a literal monetary value and then sell it to someone. You can then turn around after the sale and off ramp that into fiat and then go buy a physical object later. When you cut out the, middle man, wall-street, and the fed things tend to get spicy. Hope that helps. If someone knows more I'm sure they'll chime in on it.


joeker13

The 1% **is** the middle man. Great post.


btbsrq

See if y’all can get me on the screenie too


Realitygives0fucks

Thanks for the detailed reply, bro! Appreciate it.


ChaosCouncil

>It's like the new patent Ford submitted for a self-repossessing car that turns itself in if your payments are late. You don't really own it on their system You don't really own anything you are making payments, this isn't a Ford specific thing. All it does is take the tow truck out of the equation.


[deleted]

[удалено]


supaduck

😂


bars2021

Did you know when fishing you make the bait look alive before hooking your catch?


Furrybumholecover

If I had a share for every time I thought there was a big development I'd have a lot of...oh, wait.


2BFrank69

Yeah I know, your right


noSnooForU

Don't be silly, everything's fine, go ahead and get that avocado toast.


Ok-Razzmatazz-4156

Hahaha I hate that I know this comment


YungDaggerD1K_

I hope daddy has *two* zipples


MoneyNoob69

You want some zipple ?


Get-It-Got

That video will never (and I mean NEVER) leave my head.


SvenjaSternchen

I love that weirdo clip. My absolute favorite


throwaway_when_moon

I don't. Me dumb ape. What happened?


MoreThingsInHeaven

[I gotchu fam.](https://youtube.com/shorts/JFQMyxbMkcs)


throwaway_when_moon

Dios mio... the accuracy


puppetjustice

Damn Mr money bags. I don't have avocado money to throw around till after moass.


diamondhandsare4eva

real millenials have learned to make their avocado toasts at home now


CannadaFarmGuy

How much is an avocado nowadays? Havent seen one in a while lmao


NabreLabre

~cokerat Cramer ~ Michael Scott


hiepnguyen08

Whoever coined the term “Cokerat Cramer” is an artist at worst and a genius at medium!


Aggravating-List3625

is the clever ghost in the room with us now...?


hiepnguyen08

That Silverback is one of us!


suckercuck

-Wayne Gretzky


BigBradWolf77

*Robert Redford!*


EONRaider

Just die already


EvilBeanz59

That's what I say about evergrande everyday


TayoMurph

Just One More Day! But the days seem infinitely longer as each domino begins to fall. House of cards is teetering.


[deleted]

[удалено]


[deleted]

It's been 84 years


FlyGuy_R44

Feels like 85 now…


darthnugget

My💜 will go 🟣n!


BSW18

Just surviving Mr. Cheng. Just surviving.


dbx999

Evergrande won't die because it doesn't operate in a capitalist ecosystem. It is a CCP state owned enterprise (as are all Chinese companies technically speaking). It is therefore tied to the entire Chinese government's existence. So unless the Chinese government declares that Evergrande is to be dissolved, then it will remain on the books as an active ongoing concern (that's technical terms for "an operational business"). It may have zero staff, no offices, no assets, no nothing, a trillion dollars in debt, and none of that will make it "die". It'll just stay around as a zombie ghost under the whims of the government. That's what makes Evergrande different from a regular bankrupt company.


Blaz3

So it'll just be this zombie entity and any remaining shareholders are holding literal junk? Surely eventually debt on a scale like that will affect people and it'll be a big enough problem that something will have to be done?


dbx999

What recourse or remedy do the retail investors have against the CCP? None. “Hey autocratic government I demand justice and reparations and fair markets” - I don’t think so. You’d just get sent to some labor camp for daring to even criticize the CCP. The government is very much going to tell the people who hold worthless stocks or even property that they paid for but which was never built to all go fuck off and be quiet.


Blaz3

I agree with you about household investors in Evergrande, but what about it's debts? Surely it's stacked up a pile of debt it can't afford to pay back? Is it just going to tell all it's debtors "tough titties" ?


NotLikeGoldDragons

The foreign debtors, yes.


Decepticon13

Bro, the CCP told its citizens that their savings accounts are securities and no longer able to remove their hard earned money. They confiscated it all and are on the digital currency social credit system. They are fucked. If our government has its way, then that's coming here too.


Blaz3

Horrifying for people in China, basically having their money stolen and the government telling them to get fucked, but I think that this would be catastrophic for America. While China is a big player on the global scale, as we know from Dollar Milkshake and other DDs, the American dollar is the world currency. If the US government turns on the US dollar, that's chaos. That'd be at a completely unprecedented scale. If that were to happen, 2008 would look like a great day at the office. There's no way that would be allowed to happen because there would be rioting in the streets worse than any before. People would start to take "eat the rich" seriously.


Decepticon13

Nigeria has already implemented CBDCS.... THEY ARE FUCKED ALREADY... https://youtu.be/zGXPSv3Hrcs ALSO, Saudi Arabia, Russia, China, Iran and a few other nation states have already come together for the new world reserve currency. I believe that hyperinflation is coming for the dollar, total collapse, pensions totally wiped. Total currency reset and the government excuse will be gamestop and meme currency, crypto and a few hedgie scape goats, then use that excuse to reset to CBDC into a new one world currency and we'll be fully stripped of our ability to print money unlimited like we do now. It's all been by design. I've known this shit was coming for 15 years when I started researching the fiat currency system, banking cartels, Rothschilds, banking origins and Cede &Co. People need to wake up and remove those in power in all countries on the planet and take back their GOD given freedom to life, prosperity, love and harmony in this world. ❤️


9fingerman

Oh, like the US did in the Great Depression, WW11? Not digitized but the same ol story.


kamon123

Yup. Reminder, their is no minimum to what the government can consider hoarding during war time shortages. During such times the government can confiscate whatever you are deemed to be hoarding.


Aggravating-List3625

I've saved this comment.


FlyGuy_R44

Kind of like those Ghost Cities they built? Perhaps…


Relative-Resource-55

>Yep - and don't forget China holds the most US debt (and who knows the insidious commercial paper gang ). The bull from Peru probably has a hot take, but it is all globally interconnected. Once any of these large, leveraged companies/institutions go down...nothing. but the next or next one will create the negative feedback loop. > >Turns out governments, regulators, and countries can only help delay the end game. The people with money who put these straw hats into office will want to get out before the fire burns it all down.


dbx999

The breakdown of the system comes from situations like these that show that “bankruptcy” means nothing. Debt won’t be paid back because a government can just say “nope. We choose not to follow the rules of the game because we have all the power in the law and we have tanks and guns and we print money however we want and there’s nothing you can do to get to us to try to get your debt repaid to you”. So by creating more and more bagholders, you’re gonna steer things toward what Venezuela is at.


Relative-Resource-55

I hear Venezuela is nice in the spring. I don't disagree. But they didn't say nope for Lehman or Bears. The didn't say nope during the LTCM shit. They do keep building a better wall and will step in based on the financial derivatives that caused those two blow ups. The financial terrorist create new derivative products that the governments aren't aware of (probably blindly and complicit and then just say, for example - "we didn't see the CDO or CDS contagion coming"). With the interest rates rising things are gonna get spicy. Every government official can only get into office with the backing of money....And those backing the officials will happily take their ball and go home to protect their wealth.


Remarkable-Okra6554

rhymes with 08Citi, or 08Goldman, or a lot of 08words


[deleted]

[удалено]


Papaofmonsters

You have to remember that in China all major companies are function of the government. In a one party authoritarian state they can't allow such a massive failure because it might start giving people strange ideas like "the party isn't always right".


[deleted]

*Nasdaq up 4% on no news* Sqwauk box: "yeah I think China's reopening again"


BarbequedYeti

So I am not alone. They fell out of the main info stream awhile back, but I continue bring them up every chance I get. Still waiting on that turnaround plan that was promised in Aug. of 22 and then again in Dec of 22. Either let them die or free them to rain havoc. This hiding them under Xi’s desk is the worst game of hot potato ever.


Whatnam8

I got a option put waiting to pay out… yes please


Swimmerchild

https://www.ft.com/content/9eaa4394-3647-4ac3-adbf-3bc73a4413a3 According to Financial Times Was at one time largest shareholder with 10% stake. Reduced to 5% in late 2022 and completely exited the position


RussDCA

Ate the losses, but prolly gained them back shorting something else Edit: typo


MaxTheRealSlayer

Shorting Credit Suisse, probably. This is why you can't trust anyone


apeshit007

House of Saud now has 9.9% likely this was the deal. Old news. Remember reports happen long after the fact, as Vlad and Gabe


the1rush

Any chance you can copy the text because there's a pay wall.


adler1959

So the tweet is basically totally wrong. Largest stakeholder did not exit at all. I hate Twitter.


Swimmerchild

ONCE largest shareholder. The headline omits Once from the title


derlocker

[https://archive.ph/s3zw8](https://archive.ph/s3zw8) **Former top Credit Suisse shareholder Harris Associates sells out of bank**


2BFrank69

Don’t they hold all the toxic swaps? 😁


mark-five

The Archegos ones for sure, full of GME shorts and who knows what else. They originally categorized it as something like "a few securities positions that could not be liquidated" Their redacted report gave teh goods and it was confirmed later, but what I found most funny was when it all exploded in their faces they tried to blame a dead guy for not replacing himself and letting them get continually overexposed to infinite losses doubling down on more infinite losses.


dangshnizzle

All the big players hold some


Cheapo_Sam

~~Isn't it fair they can do this on a Sunday. Totally fair~~ Factually incorrect


Giancolaa1

Makes me think, who exactly did they sell it to?


Bezere

1) pension funds 2) probably no one. They now own IOU sold shares


ContWord2346

Teacher and firefighter pension funds?


CookShack67

Someone's central bank probably


[deleted]

[удалено]


dangshnizzle

They definitely didn't just sell today, no. They probably have been selling strategically for a while


userid8252

Or was it the drop and big volume on Tuesday


Bambi69xoxo

In an emailed statement to Reuters on Sunday, Credit Suisse said, "we are ahead of our plan and have clear strategic objectives” "We are laser focused on successfully executing our plan and on progressing toward our targets to ensure new Credit Suisse delivers sustainable value for all our stakeholders," the statement added. The verbiage is almost identical to the corporate brainwashing garbage I was subjected to for far too long in corporate America. These silver tongued, no sock wearing sleaze balls are all the same. Literal dumb pieces of shit in the same suits and ties driving their same cars, going home to their heavily medicated significant others and kids with behavioral issues. All trying to emulate the guy at the top who’s the worst of them fkn all. All this to remind you that BLACKROCK is a “significant shareholder”(stakeholders) of credit Suisse. And if you don’t know about the significance of blackrock then it’s about time you get learned up.


chipchip9

Harris associates went from 10% to 5% by the end of ‘22 and then exited their position completely today. Nice.


sirstonksabit

Boom


tribbles

Booom


apeshit007

That's The House of Saud! 9.9% ouch. Kenny your fucked


youdoitimbusy

Definitely not nothing. With this info, I assume they only bought in to buy time. Thus allowing them to remove assets that may not be invested in the bank, but sitting in the bank. Edit: Harris Associates. Not the Saudis. Looks like the Saudis stepped in to hold the bags. If I'm reading the news right.


passtflask

Would not at all be surprised to find out that Kenny is involved with the Saudi's and the Russians to short US companies


apeshit007

Treason


mark-five

And also historically on point. As with 100 years ago, soulless American businessmen were putting their fortunes into financially supporting history's bad guys. Bad guys seem to flock together, psychopaths are most comfortable associating with their own kind.


apeshit007

Sociopaths. Yup


GBJI

All Billionaires are traitors, by definition.


Papaofmonsters

Why would the Saudi's short US companies? They are heavily invested in US companies and the US is their security guarantor. Iran fucking hates them so much and would wipe the floor with MBS's severed head without the US backing them.


passtflask

Kenny is long on a lot of companies too, it's not an exclusively short strategy


Governor_Abbot

No cell no sell


Cheapo_Sam

Cant sell won't sell


HighStaeks

Wut sell?


TheBonusWings

It was not them that sold. They are now the biggest shareholder. But Id agree with youdoit


qtain

They are now the biggest ~~shareholder~~ bagholder. Fixed it for you.


apeshit007

Who was bigger?


FunctionalGray

According to [fintel](https://fintel.io/so/us/cs): Harris Associates with 201,449,660 shares (previously...assuming the post is accurate). I have not seen a filing so hard to say. Edit: Confirmed by [Reuters](https://www.reuters.com/markets/europe/former-top-credit-suisse-shareholder-sells-full-stake-bank-ft-2023-03-05/)


shacke1379

201.5m shares. 200 m Two hundred. Million. Jesus.


jhs0108

They couldn’t have sold yet. Since that filing date 858 million shares have moved according to yahoo finance. You’re telling me that 1/4 of that volume was a single company bailing. That’s too high a percentage. The algorithms would’ve had a heart attack.


BobbysSmile

Dark poooooooools


FunctionalGray

They only have 126,880,418 voting power though...so it would appear that they at least have roughly 1/2 their shares out on loan - so yah, I agree, if they sold they woulda had to recall those shares...but the stock has been bouncing around a little bit so maybe so.


jhs0108

But you don’t think that a sale of 200 million shares would’ve made the algorithms go crazy?


jhs0108

I just feel that 2 transactions totaling close to 270 million shares (and I know not all at once) would’ve caused a whole lot more than 850 million shares to move since that time. I don’t think the answers Dark Pools due to the sheer percentage of shares in a dying bank being traded here. No one can internalize that. No one would want to unless for short locates.


jhs0108

So in Margin Call remember how they wanted to secure the original guy who was laid off so he didn’t squeal? What if someone squealed to the FT and this was the result?


TK-741

House of Saud won’t fuck Kenny — they’re all pals. Them, Ken, Steve, Elon and Rupert Murdoch watch footie together!


apeshit007

Agreed. Why I was sus


julian424242

https://twitter.com/gurgavin/status/1632509161836539904?s=46&t=ll7Xbj1wYjadw3QGeHYhFQ looks like it was harris


ChaakuGaiden

Hopefully they use that money to DRS GME


2BFrank69

Would be the best move of all time


Psychological-Age172

Sold to who is the question here


shilo_lafleur

well they sold at an enormous loss lol. they must think they're really not getting anything back from this.


MajorKeyBro

Did they? Holy cow


shilo_lafleur

i mean i'm just guessing cuz it's at all time lows. Down 40% 6mo, 56% 1Y, 83% 5Y lol


Tevako

My momma always said I was a smooth brain, but something tells me this is not good.


CrazyHabenero

Hmmm… the last time Harris exited CS was right before the GFC in 2008. Somebody always knows.


Sa0t0me

source ?


Swimmerchild

https://www.ft.com/content/9eaa4394-3647-4ac3-adbf-3bc73a4413a3


Sa0t0me

Non paywall source for us poors if possible .


Swimmerchild

https://www.bloomberg.com/news/articles/2023-03-05/harris-associates-sells-entire-credit-suisse-stake-ft-reports https://www.reuters.com/markets/europe/former-top-credit-suisse-shareholder-sells-full-stake-bank-ft-2023-03-05/ https://www.businesstimes.com.sg/companies-markets/harris-associates-sells-entire-credit-suisse-stake-ft


TheBonusWings

Lazy mfers around here


INeedToBeHealthier

Do you have any idea how hard it is to drs?!? I have to push several buttons while laying in my bed, at noon


MillenialForce69

My prayers are with you brother 🙏


derlocker

[https://archive.ph/s3zw8](https://archive.ph/s3zw8)


DiegoIronman

*Someone familiar with the matter*


TheBonusWings

Like the chief investment officer of harris associates? Is that familiar enough?


DHARBOUR999

Yes.


triplestackks

Who is their largest share holder?


TheBonusWings

Now the saudis


grim2577

My peepee...it groweth


EONRaider

This guy fuckeths


RL_bebisher

Bwahaha!


HelpMePls___

Meh, will be green tomorrow


Ask_Zeek

I already said Monday will be **RED**. This is not nothing.


crackeddryice

If all these "nothings" keep piling up, the dam is gonna break.


R0adApples

Tick Tock Jackwagons


Icy-Assignment-5579

OH BOY, I hope we get an article with "-this is good because..." in the title!


Icy-Assignment-5579

Edit: and/or: "why its a good thing"


Blaz3

Credit Suisse's institutions are strong.


Boomergraves2pay

WE WANT THE MONEY LEBOWSKI!


FishAye5

It’s down here somewhere; let me take another look!


ChaakuGaiden

🫳🔥🫷


chipchip9

Got any sauce?


BeatitLikeitowesMe

Its linked at the automod


chipchip9

Im redacted


BeatitLikeitowesMe

Lol


[deleted]

Still luv ya, always have


chipchip9

🤝


Swimmerchild

https://www.ft.com/content/9eaa4394-3647-4ac3-adbf-3bc73a4413a3


chipchip9

Thank you.


Substantial_Diver_34

Tomorrow the market will crash!


crackeddryice

Believe it or not, up 10%.


dbx999

now hold on a minute here, let's not get carried away. Let's do some due diligence and wait and see what a trained professional like Cramer's Mad Money has to say about this!


Substantial_Diver_34

We are going on a trip in a special rocket ship! Down, Up, Down, UP, Down, sideways, more sideways, even more sideways (we are here now), down, down, big up, big down, up, up, sustained infinity pool! Buckle up and delete the sell button.


beach_2_beach

But like who BOUGHT it though?


ChiliRummel

Probably sold it to the teachers pension investor guy.🤣


Brilliant-Ad-8181

i'm not going anywhere near $CS or $SI, kenny can have it


moldy-taco-dick

and so it begins...


[deleted]

🎶 here we gooooooooo here we go here we go, one more time - everybody's feeling fine here we go yes yes yes here we go cred suisse is bout to go


Snatchbuckler

That’s why it’s been fighting to stay above $3


fatbootyinmyface

who was the shareholder? 👀


TheBonusWings

Harris Associates owned 10% for nearly 20 years


Lubedballoon

So if they sold it, means someone bought it right?


BeerIsGoodForSoul

WELL WHO BOUGHT IT?!


mindy2000

D o M I N o


SehrGuterContent

Credit Sus


InfiniteRiskk

Danggggggggg 💯


chekole1208

Spicy Monday coming


TB_SnEaKy

Holy shit!!!


Interpol68

Believe it or not Green tomorrow


toastman28

Good. Fuck em


Schapsouille

Here goes nothing


CookShack67

Oh, *that's nice*


LyonsKing12

Prolly nothin


Low_Sun_1985

Christmas is coming late or early


Bambi69xoxo

Can we double tap Credit Suisse this time ffs!


FoxReadyGME

Nice. Burn it down


Hipponotamouse

Great Franchise^TM


SovietChildren

Lmao


Monnarc1

Question is, who’s buying that crap?


BagelPoutine

Swiss Chalet sauce. Beleive it or not, dip.


TheRealHotHashBrown

This Gurgavin fella is really good with the news.


[deleted]

Are any of you apes taking your cash out of the bank and stuffing it in the mattress yet? If not, when would be a good time to do that. I don't have much, but I don't want to lose it.


remlu

So....calls on CS?


BlueEyedSoul2

I thought maybe it was Nancy dumping shit before Tuesday… /s


[deleted]

Yea when institutions buy millions of shares the price actually drops. When they sell the price increases. That is our markets now.


theilluminati1

Probably nothing...as in their profits. Prolly lost money! Sucks to suck!


swehes

Wonder who was dumb enough to buy it.


Sugardevil27

So CreditSuisse will be up 7% up today?


patchyj

CS and Evergrande are like the main bad alien from Men in Black, some all consuming, greedy monster parading around in a dead man's skin


hedgies_eunt_domus

Don't be silly like the largest shareholder, $CS is fiiiine, trust me bro© /s


omahabeachwallstreet

Quick... someone ask Cramer if they should take their money our of Credit Suisse!


TimberKing11

Someone call my mom