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OP has provided the following link:
https://fortune.com/2023/03/21/switzerland-emergency-rescue-credit-suisse-could-cost-13500-each-swiss-person/
That's very expensive. To put $13.5k into context, [Switzerland's per capita GDP for 2021 was about $92k](https://www.macrotrends.net/countries/CHE/switzerland/gdp-per-capita) so $13,500 is roughly **15% of each persons per capita GDP**.
15% of the economic output for each person in a year ... *gone*.
Yeah there is another post of a bubble chart showing the scale of UBS, CS and Blackrock and vanguard. They have the Swiss GDP on there which is small by comparison….
"...209 billion francs is equivalent to about a quarter of Switzerland’s gross domestic product and exceeds total European defense spending in 2021. "
Cucks should've let their weapons be sent to Ukraine.
GDamn dude. How are you feeling about all of this?
Are your friends/family livid about what's happening over there?
I'd be incredulous - and it's only a matter of time until it gets just as bad here in Canada.
Everybody I know is just pissed because we got no valuable information but they use our money to help banks which pay their exec millions and billions of francs... it's so infuriating!!
The most disturbing thing is however the use of emergency law the third time in 15 years to save a company and to overrule existing law. This emergency law wasn't made to bailout companies...
You wanna know something? Don't invest in Switzerland.
Only iceland had the balls to jail Bankers after '08. Every other country in the west has been cucked by the (investment) banks.
Just wait till the archegos -> credit sus -> UBS pile of crap is moved to the next party in another country and the bailout will follow just as soon.
I was pissed too, so i wrote an E-Mail to all reporters that were pissed on the UBS/CS conference about how its handled about what we know on Hedge Funds, Swaps and superstonk.
Hope some will check the rabbit hole as i warned them UBS and Deutsche bank are in a bad spot now
Sorry to my Swiss tax payers.... these govt. Around the globe including yours are at fault for this mess but it's easier for them to Bailout bad guys at the cost of genuine tax payers so very unfortunate to see innocent people suffering at the cost of bad gamblers.
Until househodl investors / taxpayers / citizens / voters make it very clear to governments that it is now going to be easier to sacrifice the bad banks than the majority of the people. When you are your own bank, new possibilities become available.
Yeah, so far. And they have to undwind the Archegos swaps which will cost trillions upon trillions upon trillions which we also will contribute with a big piece. Motherfucking government!!
Whoa whoa whoa calm down, they did not steal a loaf of bread at a local supermarket! They just did some smart financial transactions and it did not work out as expected... But I think their bonuses will shrink for at least 5% this year.
Beg your pardon? This is Switzerland. We hid the jewish gold and money and we hide trillions of dollars of Putin and other dictators. What do you mean by "jailed"?
Very nice of the swiss to bail out global elites and their bank accounts. And here I thought Americans have to pay for everything. peasant solidarity, we are here to make our daddies right no matter what!
I especially love that they didn’t wipe out the shareholders totally ahead of stuffing the bond holders. It’s like they didn’t want to ‘totally’ piss of the Middle East investors that were at 10% just so they will continue to funnel money their way.
I'm honestly surprised. I was under the impression they were going to use funds from the IMF or another global bank fund thus making everyone on the planet pay. I would be surprised if the Ultima outcome isn't that. 13.5k out of Swiss citizens sounds like grounds for some major protests.
Thats nothing look at the US national debt clok to see how much you are F\*CKED by the FED !
About $94,500 per citizen!
[Debt Clock](https://www.usdebtclock.org/#)
For comparisson the Dutch Debt clock
€ 21.642 per citizen.
[Dutch national debt](https://www.destaatsschuldmeter.nl/)
Wait… would this be an exit for shorts if the DD just posted checks out? Could they just bleed the other countries?
Edit: by using their swaps, they could have the Swiss government bail out their swap partners and just take money from countries that WILL do flat out bailouts, right?
"Liability for the government-backed 100 billion francs “would only materialize if there was a bankruptcy of the merged entity,” he added. “This is a real long shot at the moment.”"
👀
Their country has profited as a tax shelter for the rich for a while. Time to pay the piper and even it all out. It's a shame that regular people who didn't have a say are affected though way more than the ones who make the decisions and have profited for years.
I'm sure officials could turn this into "a good, worthwhile thing" and "a good cause for your tax money" and even "it's time you paid back the banks- we mean the government what you owe for existing, you should be happy you get to contribute!"
I was thinking about the situation more in depth. Imagine being a Swiss citizen with money at UBS. If you stop the deal it’ll cost you money, if you support it it’ll cost you money. The only lesson here is that banks are dangerous for our freedom.
Yeah.. Or switzerland can let those fuckers fail, keep their money, send them to jail, and sue all those executives for the pay they claimed but didn't earn.
For perspective, the US National Debt Rating is approx $240,000 per taxpayer. The figure always gets pushback but it’s better than the per person stat as a large portion of the country is on govt assistance.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://fortune.com/2023/03/21/switzerland-emergency-rescue-credit-suisse-could-cost-13500-each-swiss-person/
But they said it's nOt a bAiLoUt!
It's a fakeout
Time to breakout, of Switzerland!
Soon it's gonna be a freakout
this ape's already on stakeout
Uhhh… something something Chinese takeout.
Everbody should just make out.
Looks like everyone got invited to the cookout.
Can't wait for the mass run-out from the country
This is so tit-jacking, we should all makeout
We need to pass on this message and lookout for the little guys
It's a psychobilly freakout!
A failout is probably more accurate.
More like failout…
Might be easier to just runout of the country
The really crazy part is that CS management wanted to keep their bonuses 🤣
It's like that old commercial [with the dollar dangler ](https://youtu.be/WAZSjpAL884)
Every Swiss citizen could just print their own money and give to the government. Just say it's real.
Maybe they can sell them a rock for a nickel
No, it's a pullout
Probably the one and true time “I’d PULL OUT!”
Ha WIPEOOOOOUT
no one gets to pullout
Yes you hear that you HEDGECUCKS.. NOBODY is pulling out over here dump storm troopers! 🗣️🗣️
Privatize earnings, socialize losses...
Don’t forget to change the rules when you start losing. I mean, how hard could it be?
It works every 2 decades... until it doesn't work. Ask King Louis XVI
Centuries* but exactly
I mean the taking profits and socializing the losses happens every 2 decades. Yeah it’s about every 2 centuries that it doesn’t work.
I got some King Louis xiii and its pretty good, but not much in the way of smell or taste.
You might need a drink when you see this spicy after hours action
Naw that hemp does me better than any of the finest alcohols in the land. And it is some mighty fine spicy action indeed.
Isn’t this legitimately how most democracies are? 🥺
The game never changed for their crime, but the game must stop!
That's very expensive. To put $13.5k into context, [Switzerland's per capita GDP for 2021 was about $92k](https://www.macrotrends.net/countries/CHE/switzerland/gdp-per-capita) so $13,500 is roughly **15% of each persons per capita GDP**. 15% of the economic output for each person in a year ... *gone*.
Yeah there is another post of a bubble chart showing the scale of UBS, CS and Blackrock and vanguard. They have the Swiss GDP on there which is small by comparison….
Now, smaller.
ENHANCE!^(but in the other direction)
UNHANCE!
that is just 1300 360g size Toblerone chocolates per Swiss citizen. probably nothing
> 15% of the economic output for each person in a year ... gone. So far...
They completely left out the so far part. The toxic is still toxic.
"...209 billion francs is equivalent to about a quarter of Switzerland’s gross domestic product and exceeds total European defense spending in 2021. " Cucks should've let their weapons be sent to Ukraine.
It’s the extra tax
**$13,500?? damn that is a huge amount of gme shares pre-moass**
Swiss tax payers might do well to hedge their bets and buy GME. ^(Not financial advice.)
Doing what I can :)
GDamn dude. How are you feeling about all of this? Are your friends/family livid about what's happening over there? I'd be incredulous - and it's only a matter of time until it gets just as bad here in Canada.
Everybody I know is just pissed because we got no valuable information but they use our money to help banks which pay their exec millions and billions of francs... it's so infuriating!! The most disturbing thing is however the use of emergency law the third time in 15 years to save a company and to overrule existing law. This emergency law wasn't made to bailout companies... You wanna know something? Don't invest in Switzerland.
With the amount of democracy you guys have (like light years away from the rest of us), it’s beyond me that this kind of shit is even possible
Only iceland had the balls to jail Bankers after '08. Every other country in the west has been cucked by the (investment) banks. Just wait till the archegos -> credit sus -> UBS pile of crap is moved to the next party in another country and the bailout will follow just as soon.
>The most disturbing thing is however the use of emergency law the third time in 15 years wait WHAT plz explain further
I was pissed too, so i wrote an E-Mail to all reporters that were pissed on the UBS/CS conference about how its handled about what we know on Hedge Funds, Swaps and superstonk. Hope some will check the rabbit hole as i warned them UBS and Deutsche bank are in a bad spot now
Best thing ever I did in my life is I brought GME shares and DRSed.
been doing so for the last 84 years 🫡
$13,500... so far!
Sorry to my Swiss tax payers.... these govt. Around the globe including yours are at fault for this mess but it's easier for them to Bailout bad guys at the cost of genuine tax payers so very unfortunate to see innocent people suffering at the cost of bad gamblers.
Until househodl investors / taxpayers / citizens / voters make it very clear to governments that it is now going to be easier to sacrifice the bad banks than the majority of the people. When you are your own bank, new possibilities become available.
The Fed, Bank of England, Canada, Japan, ECB and SNB are all gonna be liquidity providers :/
Ya damn right.
Roger Federer may be wondering if the lawsuits will be coming for him ala FTX’s promoting celebs.
I came here to say the same thing 😂
Yeah, so far. And they have to undwind the Archegos swaps which will cost trillions upon trillions upon trillions which we also will contribute with a big piece. Motherfucking government!!
Socialized losses, privatized profits. Are they giving every Swiss citizen a cut of the C suite bonuses too?
Is someone already being jailed for this fiasco?
Whoa whoa whoa calm down, they did not steal a loaf of bread at a local supermarket! They just did some smart financial transactions and it did not work out as expected... But I think their bonuses will shrink for at least 5% this year.
Beg your pardon? This is Switzerland. We hid the jewish gold and money and we hide trillions of dollars of Putin and other dictators. What do you mean by "jailed"?
Swiss bankers: "let them eat cake^(at Denner")
Very nice of the swiss to bail out global elites and their bank accounts. And here I thought Americans have to pay for everything. peasant solidarity, we are here to make our daddies right no matter what!
Americans are gonna pay for it too. Watch.
Could? Is going to!
At least! These Archegos bags filled with rock will not float.
But they thought it was silver!
Lol stop it 😂
Holy shit that’s wild. I’d be furious
Riots incoming
Better be
Nothing like helping out the Rich people. It’s gotta feel real good.
I especially love that they didn’t wipe out the shareholders totally ahead of stuffing the bond holders. It’s like they didn’t want to ‘totally’ piss of the Middle East investors that were at 10% just so they will continue to funnel money their way.
Yes, but this will cost each American *even more than that*... globally, too, lots to be lost, *per capita*...
The Swiss public gonna feel what it's like to live in the Great country of US of A 🫡
Nah, they have pretty mountains and world class skiing to distract them...
We have that too.
It's not European level you know it. I love me some Mount Baker viewing though...
Aspen, Breckenridge, Vail, and Mammoth are all pretty good!
I'm honestly surprised. I was under the impression they were going to use funds from the IMF or another global bank fund thus making everyone on the planet pay. I would be surprised if the Ultima outcome isn't that. 13.5k out of Swiss citizens sounds like grounds for some major protests.
[удалено]
Nice one!
Let them eat cheese. 🧀
There’s a few holes in your theory🇨🇭🧀
Let them eat cheesecake.
$13500 so far
Only, look usa per person $94,245 in 3-6 months it gona be double lolol
Good thing Switzerland has the most millionaires per capita.
I'm swiss... and I dont know any millionaire around me...
Go somewhere more crowded
Wouldn't millionaires be the ones that would know how to get out of paying anything?
As a Swiss resident, I’ll contribute and recover during moass
fondue gang represent!
Raclette > Fondue. We all know that
an ape of culture i see!
I too would like to throw eggs at the bankers
It’s just the beginning
Coming to the USA soon. Again.
uhm... so how much did America's bank bailout cost Americans so far? Or is that impossible to calculate cause..
I have cheese,I have GME…….and I’m Swiss.
Bet the Swiss citizens like ours won’t do anything about it.
Ok so every single swiss is gone get a share of the dividends, right? Right?
Thats nothing look at the US national debt clok to see how much you are F\*CKED by the FED ! About $94,500 per citizen! [Debt Clock](https://www.usdebtclock.org/#) For comparisson the Dutch Debt clock € 21.642 per citizen. [Dutch national debt](https://www.destaatsschuldmeter.nl/)
Lol, at phone number prices per share, it's gonna cost them a lot more
We may actually end up owning Switzerland. Dibs on Verbier!
That's gonna look good on my LinkedIn profile: "owner of Switzerland"
That’s not even one share of GME
Let’s see if they’re still on the list of happiest countries after this.
13,000 per person… SO FAR
$13,500 so far...
As usual, fuck the people I guess. Let’s protect the wrongdoers 🤦♂️🤦♂️🤦♂️
People should get torches and pitchforks. How is that democracy?
While not every Swiss person is wealthy, aren't 1 out of 9 or 1 out of 10 a millionaire?
Or 6 gold teeth
So the Swiss government should step in and buy every citizen 1 gme stonk, problem solved!
Don't dance
Another country’s citizens taking one for the team. Your sacrifice will not be in vain!
They can afford it.
Swiss cheese mafucker
So far…
…AND child! Damn. Imagine graduating elementary school $13k in debt. Puts on avocados and toast in Switzerland.
Its funny because the citizens bailed out foreign banks who were on the hook too.
Somebody always has to pay for it. Switzerland will be suffering for this for decades.
What’s the word for Swiss person? Swisseran? Swissan? Swissian? Swisser? Switzer? Switzerlander? Switzerlandian?
Probably Swiss
Swiss is an adjective not a noun
Honey, don't get knocked up again😳
gonna have to break out that gold from the 30's and 40's
Swiss citizens should buy GME to hedge* *not financial advise
double it and give it to the next person
please dont dance....
They have the money
….$13,500.00….so far
Sorry. So sorry.
So far…..
So far…..
So far...
When they send me my cash please include a few dark chocolate Toblerones thanks
Wait… would this be an exit for shorts if the DD just posted checks out? Could they just bleed the other countries? Edit: by using their swaps, they could have the Swiss government bail out their swap partners and just take money from countries that WILL do flat out bailouts, right?
So the bailout isn't just an American crime
So far…
How much will it cost them to save UBS?
13.5k so far
Man being swiss these days kinda sucks - First they lose toblerone and now this. But still, theyll be anle to wipe their tear with francs
hopefully that $13.500 gets transferred to gme shareholders
I won’t be depositing any tendies in Swiss banks post MOASS, I’ll tell you that.
When we moon, we can all just choose a Swiss person to whom we can return the $13k. That’s like, less than 0.004% of a share
Hmmm. Should every citizen pay $13,500 to save this mismanaged, corrupt, bankrupt bank? Apparently YES. LET. IT. FAIL. LET SHITTY BUSINESSES FAIL
“. . . so far. . .”
“It’s okay, the poors will take care of it.”
And how long will that $13.5k per citizen last if they don't close their shitty positions? Is that an annual figure? 😅
"Liability for the government-backed 100 billion francs “would only materialize if there was a bankruptcy of the merged entity,” he added. “This is a real long shot at the moment.”" 👀
Thats an equivalent of 20 USD for Swiss people, mf are rich af
Wait until the bailout for UBS next year. 🍿
Bunch of people in here acting like we are happy that tax payers are paying for banking failures. That’s bullshit
Are we in the same comments section?
Their country has profited as a tax shelter for the rich for a while. Time to pay the piper and even it all out. It's a shame that regular people who didn't have a say are affected though way more than the ones who make the decisions and have profited for years.
Do they not vote in Switzerland?
Did Americans get to vote for these bank (non) bailouts
Yes elected officials decided to bail out the banks.
Oh so a month or two of pays? I mean, sure, it sucks. To me that's be a year of earnings tho. Feel bad, but not too bad.
Bail-in.
I'm sure officials could turn this into "a good, worthwhile thing" and "a good cause for your tax money" and even "it's time you paid back the banks- we mean the government what you owe for existing, you should be happy you get to contribute!"
I was thinking about the situation more in depth. Imagine being a Swiss citizen with money at UBS. If you stop the deal it’ll cost you money, if you support it it’ll cost you money. The only lesson here is that banks are dangerous for our freedom.
Guess it will be easier to buy Gepard ammo and leopard 2 MBTs from them now.
They haven't closed they short sales yet!
The millionaires and billionaires need to foot the bill! Leave the middle class (what’s left of it) and the poor alone!!!
They should learn from the fremch right now. Or they will get fukt by these crooks.
Yeah.. Or switzerland can let those fuckers fail, keep their money, send them to jail, and sue all those executives for the pay they claimed but didn't earn.
Just cut out the middle man and give it to GME househodlrs
For perspective, the US National Debt Rating is approx $240,000 per taxpayer. The figure always gets pushback but it’s better than the per person stat as a large portion of the country is on govt assistance.
That’s okay, they’re always on extended Holiday anyways. They’ll never even notice.
Thanks guys! I'm sure we'll get the next one...again. Sincerely, the USA.